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

    3001 Cleveland Ave Canton, OH 44707

    • Turn key restaurants
    • 1,426 SF
    • 0.36 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6000843
    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

    • Family Dollar / Discount Store / School Supply Store
    • Papa John's Pizza / Pizza Restaurant
    • KeyBank / Bank / Atm
    • ATM (Key Bank) / Atm

    Property Details for 3001 Cleveland Ave

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.36 lot acres
    Property size
    1,426 SF
    Property type
    Turn key restaurants
    APN
    02-40472
    APU
    240472

    Description

    Southgate Commons, located at 3001 Cleveland Ave SW in Canton, Ohio (zip code 44707), offers a diverse range of office spaces ideal for coworking, medical practices, or creative businesses. This well-maintained, 130,433 square foot shopping center serves the Canton South neighborhoods and boasts a General Business zoning designation within Stark County. The property currently has 22,815 square feet of vacant space available, divisible into units as small as 1,100 square feet, with a maximum contiguous space of 12,000 square feet. A total of seven suites are available within the building. Its strategic location on Cleveland Avenue provides excellent access to I-77, placing it just nine miles south of Belden Village and conveniently serving communities extending south to New Philadelphia. The property benefits from its proximity to Canton South High School (serving 856 students) and is within a mile of the school. The area is supported by major employers including Aultman, The Timken Company, Mercy Medical Center, Fisher Foods, General Electric, Diebold, and Chesapeake Energy Headquarters. This neighborhood shopping center offers competitive rates and a variety of co-tenants, making it an attractive option for businesses seeking a strong presence in a thriving community.

    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
    -81.3881
    Latitude
    40.8318
    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
    $2,455
    $16,280
    $15,230
    $31,510
    -
    $46,500
    $43,500
    $90,000

    Comparable in this City

    • Value Estimation by Request
      4,828 SF

      2730 Cleveland NW Ave

      RESTAURANT • 4,828 SF
      2730 Cleveland NW Ave, Canton, OH 44709-3310
      View Details
    • Value Estimation by Request
      6,219 SF

      1916 Cleveland NW Ave

      RESTAURANT • 6,219 SF
      1916 Cleveland NW Ave, Canton, OH 44709-3604
      View Details
    • Value Estimation by Request
      2,328 SF

      3619 Cleveland NW Ave

      RESTAURANT • 2,328 SF
      3619 Cleveland NW Ave, Canton, OH 44709-2313
      View Details
    • Value Estimation by Request
      0.56 Acres

      Packard NW Ave

      RESTAURANT • 0.56 Acres
      Packard NW Ave, Canton, OH 44709
      View Details
    • Value Estimation by Request
      740 SF

      2226 Cleveland NW Ave

      RESTAURANT • 740 SF
      2226 Cleveland NW Ave, Canton, OH 44709-3609
      View Details
    • Value Estimation by Request
      2,244 SF

      4000 Cleveland NW Ave

      RESTAURANT • 2,244 SF
      4000 Cleveland NW Ave, Canton, OH 44709-2344
      View Details

    Similar Nearby for Sale

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      Renovated Retail Space in Plaza

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    • $749,000
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      20,398 SF Mixed-Use Plaza

      Mixed-use plaza with retail, office, and residential spaces.
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    • $349,900
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      Mixed-Use Building with Retail and Apartment

      6,304 SF building with retail and apartment near highway.
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      11,400 SF

      Retail/Office Space on Cleveland Avenue

      Retail/office end cap space with high visibility and traffic.
      3220-3228 Cleveland Ave NW, Canton, OH 44709
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    • $155,000
      3,681 SF

      Mixed-Use Property with Residential Conversion

      3,681 SF mixed-use property with retail and residential spaces.
      2519 Cleveland Ave NW, Canton, OH 44709
      View Details
    • New
      $109,900
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      Tudor Commercial Building on Cleveland

      Tudor-style commercial building suitable for professional service businesses.
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    Similar Nearby for Lease

    • $12 SF/Yr
      4,325 SF

      Retail Space For Lease

      Retail space available in Canton, OH with high traffic.
      3320 Cleveland Ave NW, Canton, OH 44709
      View Details
    • $6 SF/Yr
      158,135 SF

      Retail Space in Canton Plaza

      Newly renovated retail space in Giant Eagle anchored shopping plaza.
      3100 Cromer Ave NW, Canton, OH 44709
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    • $8 SF/Yr
      160,166 SF

      Canton Retail Center - 4 Suites Available

      Prime Canton retail space, multiple suites, flexible sizes.
      3010 Cromer Ave, Canton, OH 44709
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    • $6 SF/Yr
      6,450 SF

      Renovated Retail Space with Amenities

      Newly renovated retail space featuring an overhead door and kitchenette.
      3010 Cromer Ave NW, Canton, OH 44709
      View Details
    • Contact for pricing
      36,590 SF

      Canton Commercial Land - .84 Acres

      Prime Canton location, build-to-suit options.
      630 30Th St, Canton, OH 44709
      View Details
    • Contact for pricing

      Land Lease Opportunity Available

      0.5 acre land lease opportunity in Canton, Ohio.
      1115 30Th St NW, Canton, OH 44709
      View Details
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    Canton, OH 44707
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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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