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    Property profile & analytics

    3000 Atlantic Blvd NE Canton, OH 44705

    • Manufacturing properties
    • 29,362 SF
    • 8.85 lot acres
    For Sale
    View listing
    $2,550,000
    Last Sale
    Sep 23, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1860891
    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

    • Eastbury Bowling Center / Bowling Alley
    • Muzzia Carpet Installation / Carpet Installer
    • Quality Poly Corporation / Plastic Fabrication Company
    • Jon Boy's Pro Shop / Bowling Alley / Entertainment And Recreation
    • H&D Productions / Banquet Hall

    Property Details for 3000 Atlantic Blvd NE

    Year built
    1966
    Construction
    FRAME
    Lot size
    8.85 lot acres
    Property size
    29,362 SF
    Property type
    Manufacturing properties
    APN
    03-06053
    APU
    306053

    Description

    This exceptional 7,400 square foot retail property, located at 3000 Atlantic Blvd NE in Stark County, presents a unique investment opportunity. Previously operating as the Wild West Saloon, this single-story, Class B building sits on an expansive 8.873-acre lot (APN 306053) and is zoned PI-1. The property boasts a spacious layout ideal for a variety of uses, including its previous configuration as a bar and restaurant. Key features include a large lobby, a substantial bar area, a generous seating area perfect for patrons, a dedicated dance floor, a pool table area, a fully equipped kitchen with a hood system and walk-in cooler, an office, and three restrooms. Adding to the ambiance, a wood-burning fireplace is situated in the pool table area. The property is conveniently located next to Eastbury Bowling, offering excellent visibility and potential synergy. A D-5 liquor license is negotiable with the sale. Currently, the lease is set at $3,000 per month plus NNN charges. While the building has no designated parking spaces listed, the ample lot size offers significant potential for development or parking solutions. Built in 1966, this property offers a strong foundation for a new business venture or a savvy investment opportunity. The property's size and location make it an attractive prospect for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $740,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3325
    Latitude
    40.8345
    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
    $33,184
    $108,990
    $534,100
    $643,090
    -
    $311,400
    $1,526,000
    $1,837,400

    Comparable in this City

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      Wayne NE Ave

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    • Value Estimation
      $270,000
      5,905 SF

      4006 Mahoning NE Rd

      MANUFACTURING (LIGHT) • 5,905 SF
      4006 Mahoning NE Rd, Canton, OH 44705-4650
      View Details
    • Value Estimation
      $225,000
      0.14 Acres

      Wayne NE Ave

      FOOD PROCESSING • 0.14 Acres
      Wayne NE Ave, Canton, OH 44705
      View Details
    • Value Estimation by Request
      1.28 Acres

      Georgetown NE Rd

      FOUNDRY, INDUSTRIAL PLANT • 1.28 Acres
      Georgetown NE Rd, Canton, OH 44705
      View Details

    Similar Nearby for Sale

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      Canton Warehouse and Manufacturing Facility

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      a conference room and a storage room. Property is mostly fenced in.\r\n \r\n """"}"""
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    • $2,550,000
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      Redevelopment Opportunity on Atlantic Blvd

      101,000 SF retail/industrial building on 8.07 acres.
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      Canton Warehouse: Huge Potential

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    Similar Nearby for Lease

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      Warehouse Suites Available For Lease

      Two warehouse suites available for lease, can be combined.
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    • $4 SF/Yr
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      Warehouse and Office Space Available

      Warehouse and office space for lease with high visibility.
      2580 Atlantic Blvd Ne, Canton, OH 44705
      View Details
    • Contact for pricing
      7 SF

      Commercial Outlot Near Aldi

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      Former Recreation Center For Lease

      Versatile Canton property suitable for fitness, daycare, or community programs.
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      View Details
    • Contact for pricing

      0.75 Acre Out Parcel

      0.75 acre parcel near Route 62 and Harmont Ave.
      3715 Harmont Ave NE, Canton, OH 44705
      View Details
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    Canton, OH 44705
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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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