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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2909 Cleveland S Ave Canton, OH 44707-3623

    • Turn key restaurants
    • 1,428 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Jul 13, 2020
    $200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5312970
    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.

    Current Use by Public Records

    • Aunt Mary Ann Donuts Cafe / Donut Shop / Breakfast Restaurant
    • Exodus Auto Exchange Entreprises LLC / Car Dealer
    • Exodus Auto Exchange / Auto Repair Shop / Car Detailing Service

    Property Details for 2909 Cleveland S Ave

    Year built
    1964
    Construction
    BRICK
    Lot size
    0.46 lot acres
    Property size
    1,428 SF
    Property type
    Turn key restaurants
    APN
    10-010097
    APU
    10010097

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3824
    Latitude
    40.7658
    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
    $3,783
    $31,430
    $32,590
    $64,020
    -
    $89,800
    $93,100
    $182,900

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      1901 Cleveland SW Ave

      RESTAURANT • 1,200 SF
      1901 Cleveland SW Ave, Canton, OH 44707-3654
      View Details
    • Value Estimation by Request
      0.08 Acres

      2nd SE St

      RESTAURANT • 0.08 Acres
      2nd SE St, Canton, OH 44707
      View Details
    • Value Estimation by Request
      2,619 SF

      2817 Lincoln E St

      RESTAURANT • 2,619 SF
      2817 Lincoln E St, Canton, OH 44707-2427
      View Details
    • Value Estimation by Request
      1,752 SF

      2512 Cleveland SW Ave

      RESTAURANT • 1,752 SF
      2512 Cleveland SW Ave, Canton, OH 44707-3651
      View Details
    • Value Estimation by Request
      2,882 SF

      2543 Cleveland SW Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,882 SF
      2543 Cleveland SW Ave, Canton, OH 44707-3648
      View Details
    • Value Estimation by Request
      1,296 SF

      3001 Cleveland SW Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,296 SF
      3001 Cleveland SW Ave, Canton, OH 44707
      View Details

    Similar Nearby for Sale

    • $249,000
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      Mixed-Use Property with Redevelopment Potential

      Vacant multi-use property with office, warehouse, and bar spaces.
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      Canton Bar & Restaurant for Sale

      Thriving business, fully remodeled.
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    • $379,900
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      Thriving Bar and Restaurant on 1.42 Acres

      Bar and restaurant with drive-up, real estate, licenses included.
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    • $379,900

      Thriving Bar and Restaurant For Sale

      Operating bar and restaurant with drive-up on 1.42 acres.
      2521 Waynesburg Dr Se, Canton, OH 44707
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    • $209,900
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      Canton Mixed-Use Investment Opportunity

      Updated Retail & Apartment Building
      2627 Waynesburg Dr, Canton, OH 44707
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    • $160,000
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      Canton Retail Investment Opportunity

      Turnkey Mixed-Use Property - High ROI Potential
      1425 Tuscarawas St, Canton, OH 44707
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    Similar Nearby for Lease

    • $12 SF/Yr
      2,264 SF

      Retail Unit For Lease

      2264 sq ft multi-use retail unit available for lease.
      4403 Cleveland Ave Nw, Canton, OH 44707
      View Details
    • Contact for pricing
      130,433 SF

      Southgate Commons: Canton Office Space

      Prime Canton location, diverse office suites.
      3001 Cleveland Ave, Canton, OH 44707
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    • Contact for pricing
      3,603 SF

      Canton Retail Space - High Visibility

      High-traffic location, 1,591 sq ft available.
      2929 Cleveland Ave, Canton, OH 44707
      View Details
    • $17 SF/Yr
      11,157 SF

      Former Rite Aid Available

      Freestanding retail building in a high-traffic location.
      4042 Cleveland Ave S, Canton, OH 44707
      View Details
    • $6,500 /Mo

      Corner Lot Commercial Land Available

      Two parcels of commercial land for rent on corner lot.
      1900-1914 Tuscarawas St W, Canton, OH 44707
      View Details
    • $6 SF/Yr
      12,000 SF

      Canton Flex Space For Lease

      Flex space with office, restroom, and secure fenced lot.
      1900 Cleveland Ave Southwest, Canton, OH 44707
      View Details
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    2909 Cleveland S Ave
    Canton, OH 44707-3623
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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.

    More about this property
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