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    2864 Whipple NW Ave Canton, OH 44708
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    Property profile & analytics

    2864 Whipple NW Ave, Canton, OH 44708

    View on Map
    • Strip malls
    • 20,100 SF
    • 1.20 lot acres
    Off-Market
    Property ID
    US66-2208877
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 2864 Whipple NW Ave

    Year built
    1975
    Construction
    WOOD
    Lot size
    1.20 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    52-17646
    APU
    5217646

    Description

    This exceptional medical office opportunity is located at 2864-2922 Whipple Ave NW in Plain Township, Stark County, Ohio. The property boasts a total of 20,100 square feet, with 2,700 square feet currently vacant and available for lease. Spaces range from a minimum of 800 square feet to a maximum contiguous space of 1,900 square feet, making it ideal for a variety of medical practices. The building enjoys excellent street visibility and accessibility on busy Whipple Avenue, directly across from an Acme grocery store. The 1.32-acre lot provides ample parking with approximately 40 well-lit spaces and signage opportunities. This multi-tenant building offers a diverse mix of existing tenants, including professional offices, retail businesses, and healthcare providers such as a dentist and optometrist. The property benefits from a convenient location just south of Belden Village and enjoys the advantage of Plain Township's tax-friendly environment, with no corporate or personal income tax. Rent includes water, sewer, and trash removal. Landlord responsibilities encompass snow plowing and major HVAC maintenance and replacement. Tenants are responsible for filter changes. The building is all-electric. This is a prime location for medical professionals seeking high visibility and a supportive community. Contact us today to schedule a showing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $439,000
      Market price range: $440k - $1.17M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4239
    Latitude
    40.831
    CBSA code
    15940
    CBSA name
    CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,841
    $52,850
    $124,110
    $176,960
    -
    $151,000
    $354,600
    $505,600

    Comparable in this City

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      View Details
    • Value Estimation
      $1,380,000
      16,942 SF

      2812 Whipple NW Ave

      SHOPPING CENTER, STRIP CENTER
      2812 Whipple NW Ave, Canton, OH 44708-1532
      View Details
    • Value Estimation by Request
      5,000 SF

      3215 Tuscarawas W St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation by Request
      0.12 Acres

      Whipple NW Ave

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation by Request
      0.57 Acres

      4403 19th NW St

      SHOPPING CENTER, STRIP CENTER
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    • Value Estimation by Request
      4,096 SF

      4964 Tuscarawas W St

      SHOPPING CENTER, STRIP CENTER
      4964 Tuscarawas W St, Canton, OH 44708-5057
      View Details

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      Versatile Commercial Property in Canton

      Well-maintained commercial property with live/work potential in high-traffic area.
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    Similar Nearby for Lease

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      Retail Space Near Super Walmart

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      Grocery Anchored Shopping Center Space

      Retail space in a well-located, grocery-anchored shopping center.
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      Retail spaces available in a well-located shopping center.
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      Retail Space in Canton, OH

      Retail spaces available in established shopping center with ample parking.
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    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail spaces in a well-located, grocery-anchored shopping center.
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      View Details
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    Canton, OH 44708
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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