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    3010 Cromer Ave NW Canton, OH 44709

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    3010 Cromer Ave NW Canton, OH 44709

    View on Map
    • Community centers
    • 56,510 SF
    • 16.30 lot acres
    For Lease
    $6,820,000
    View Listing →
    Retail Space For Lease For Lease
    $6,820,000

    Retail Space For Lease

    Retail space available for lease in Canton, Ohio.

    3010 Cromer Ave NW, Canton, OH 44709
    View Listing
    Property ID
    US66-1471055
    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
    $6,820,000
    Cap Rate Potential
    8.6%
    Community centers
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 3010 Cromer Ave NW

    Year built
    1952
    Construction
    FRAME
    Lot size
    16.30 lot acres
    Property size
    56,510 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    03-05527
    APU
    305527

    Description

    This exceptional retail opportunity is located at 3010 Cromer Ave NW in Canton, Ohio, within Stark County. The property consists of a single-story, Class C building totaling 160,166 square feet, built in 1952, and situated on a 0.5-acre lot. The property is zoned B-6 and offers multiple tenancy options, with four available suites ranging from a minimum of 1,125 square feet to a maximum contiguous space of 6,450 square feet. A total of 12,415 square feet is currently vacant, presenting a significant opportunity for expansion or new tenancy. The property includes seven buildings in total and offers limited parking with six spaces available. This location provides excellent access and visibility for retail businesses seeking a presence in the Canton market. The property's size and flexible space options make it ideal for a variety of retail uses. The property's address is 3010 Cromer Ave NW, Canton, OH 44709. The lot size is 0.5 acres.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,140,000
      ML approach
      $7,305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,245,000
      6.5%
      $9,460,000
      7%
      $8,780,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,344,000
      Market price range: $3.24M - $7.34M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,845,000
      Current use
      MEDICAL BUILDING
      $9,960,000
      Change: +106% Conversion: Difficult
      RESTAURANT
      $6,410,000
      Change: +32% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,990,000
      Change: +24% Conversion: Difficult
      RETAIL STORES
      $4,880,000
      Change: +1% Conversion: Easy
      OFFICE BUILDING
      $4,585,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3817
    Latitude
    40.8331
    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
    $116,291
    $368,240
    $1,891,890
    $2,260,130
    -
    $1,052,100
    $5,405,400
    $6,457,500

    Comparable in this City

    • Value Estimation
      $7,830,000
      50,780 SF

      3112 Cleveland NW Ave

      MINI-MALL • 50,780 SF
      3112 Cleveland NW Ave, Canton, OH 44709
      View Details
    • Value Estimation by Request
      0.17 Acres

      2752 Cleveland NW Ave

      SHOPPING CENTER, STRIP CENTER • 0.17 Acres
      2752 Cleveland NW Ave, Canton, OH 44709
      View Details
    • Value Estimation
      $790,000
      11,224 SF

      3250 Cleveland NW Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 11,224 SF
      3250 Cleveland NW Ave, Canton, OH 44709-2868
      View Details
    • Value Estimation
      $960,000
      15,122 SF

      3775 Cleveland NW Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 15,122 SF
      3775 Cleveland NW Ave, Canton, OH 44709-2369
      View Details
    • Value Estimation
      $530,000
      15,400 SF

      2645 Cleveland NW Ave

      SHOPPING CENTER, STRIP CENTER • 15,400 SF
      2645 Cleveland NW Ave, Canton, OH 44709-3301
      View Details
    • Value Estimation
      $1,190,000
      36,762 SF

      4638 Cleveland NW Ave

      SHOPPING CENTER, STRIP CENTER • 36,762 SF
      4638 Cleveland NW Ave, Canton, OH 44709-1837
      View Details

    Similar Nearby for Sale

    • $349,900
      6,304 SF

      Mixed-Use Building with Retail and Apartment

      6,304 SF building with retail and apartment near highway.
      2757 Cleveland Ave Nw, Canton, OH 44709
      View Details
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      Retail/Office Space on Cleveland Avenue

      Retail/office end cap space with high visibility and traffic.
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      Redevelopment Opportunity in Canton

      Former Canton building suitable for redevelopment.
      2729 Cleveland Ave NW, Canton, OH 44709
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      Renovated Retail Space in Plaza

      Renovated retail unit in a high-traffic plaza for sale.
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      GetGo Gas Station Outparcel

      Gas station outparcel to shopping center in Canton, Ohio.
      3014-3098 Cromer Ave NW, Canton, OH 44709
      View Details
    • $695,000
      1.29 Acres

      Canton Redevelopment Opportunity with Parking

      Highly visible Canton property with redevelopment potential and ample parking.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space in Canton

      Attractive retail space in a high-traffic Canton location.
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      Retail Space For Lease

      Retail space available for lease in Canton, Ohio.
      3010 Cromer Ave NW, Canton, OH 44709
      View Details
    • $12 SF/Yr
      31,230 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
    • $6 SF/Yr

      Retail Space in Giant Eagle Plaza

      Newly renovated retail space with highway access in Canton, OH.
      3100 Cromer Ave NW, Canton, OH 44709
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      Commercial Land Near Akron Hospital

      0.84 AC commercial land ideal for retail, medical, office.
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      View Details
    • $13 SF/Yr
      48,787 SF

      Canton Office Space For Lease

      Professional office suites available in well-maintained Canton location.
      2223 Fulton Rd NW, Canton, OH 44709
      View Details
    View Listing
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    Canton, OH 44709
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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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    3010 Cromer Ave NW, Canton, OH, 44709

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