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    Property profile & analytics

    3010 Whipple NW Ave Canton, OH 44718-3027

    • Retail space
    • 13,788 SF
    • 1.90 lot acres
    OFF-MARKET
    Value Estimations
    $1,725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1314036
    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

    • Rite Aid / Pharmacy
    • Marilyn K. Cooper, RPH / Pharmacy
    • Ashraf Messiha, RPH / Pharmacy
    • Arthur L. Degeorge, RPH / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 3010 Whipple NW Ave

    Year built
    1998
    Construction
    FRAME
    Lot size
    1.90 lot acres
    Property size
    13,788 SF
    Property type
    Retail space
    APN
    52-18148
    APU
    5218148

    Description

    This 13,788 square foot vacant retail building, built in 1998, is situated on a 1.9-acre lot in Canton, Ohio (APN 5218148). Previously a Rite Aid, this property boasts a prime location at the high-traffic corner of Whipple Ave NW and Hills & Dales Rd, offering excellent visibility and accessibility. The building features a convenient 8-foot delivery door and three drive-thru lanes, making it ideal for a variety of retail uses, including pharmacy, quick-service restaurant (QSR), or storefront operations. Ample parking is available with 82 spaces, and the potential exists to add more. The property is zoned B2 and offers ingress/egress from three roads. The asking price is $2,500,000 ($181.32/SF). The seller is open to dividing the space to accommodate multiple tenants. This is a unique opportunity to acquire a well-located, versatile retail property with significant potential. The single-story building is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,865,000
      Market price range: $502k - $1.87M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,190,000
      Current use
      RESTAURANT
      $1,565,000
      Change: +31% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,460,000
      Change: +23% Conversion: Difficult
      MEDICAL BUILDING
      $1,440,000
      Change: +21% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,180,000
      Change: -1% Conversion: Moderate
      OFFICE BUILDING
      $1,120,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4234
    Latitude
    40.8335
    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
    $37,534
    $79,420
    $534,030
    $613,450
    -
    $226,900
    $1,525,800
    $1,752,700

    Comparable in this City

    • Value Estimation by Request
      1,247 SF

      4297 Everhard NW Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,247 SF
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      View Details
    • Value Estimation
      $1,145,000
      7,800 SF

      5156 Whipple NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,800 SF
      5156 Whipple NW Ave, Canton, OH 44718-2663
      View Details
    • Value Estimation by Request
      2.04 Acres

      Dressler NW Rd

      RETAIL STORES (PERSONAL SERVICES) • 2.04 Acres
      Dressler NW Rd, Canton, OH 44718
      View Details
    • Value Estimation by Request
      1,200 SF

      2700 Fulton NW Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      2700 Fulton NW Dr, Canton, OH 44718-3523
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    • Value Estimation by Request
      10,840 SF

      4424 Whipple NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,840 SF
      4424 Whipple NW Ave, Canton, OH 44718
      View Details
    • Value Estimation by Request
      6,460 SF

      4900 Whipple NW Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,460 SF
      4900 Whipple NW Ave, Canton, OH 44718-2656
      View Details

    Similar Nearby for Sale

    • $495,000
      1,247 SF

      Prime Belden Village Retail Space

      Retail space in the heart of Belden Village retail area.
      4297 Everhard Rd NW, Canton, OH 44718
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      Retail spaces available in high-traffic Jackson Township location.
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      Commercial real estate with rental income in high-traffic area.
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      Retail Building Near Belden Village

      Retail building for sale in Belden Village retail area.
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      Canton Restaurant for Sale

      Established Philly Cheesesteak Business
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    • $65,000
      0.82 Acres

      Canton Commercial Land Pad #4

      0.82-acre lot, B-1 zoning, great visibility.
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    Similar Nearby for Lease

    • $750 /Mo
      250 SF

      Retail Space Available For Lease

      250 SF retail space available for lease.
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    • $24 SF/Yr
      1,400 SF

      Retail Space in Belden Village

      Retail opportunity in high-traffic area near Belden Village Mall.
      4459-5260 Dressler Rd NW, Canton, OH 44718
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Belden Village

      New retail building in high-traffic Belden Village Mall area.
      4990 Dressler Rd NW, Canton, OH 44718
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    • Contact for pricing
      19,047 SF

      Retail Space at Springbrook Plaza

      Retail spaces available, ranging from 1,500 to 8,000 SF.
      4443 Whipple Ave Northwest, Canton, OH 44718
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    • Contact for pricing
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      Retail Space in Prime Location

      Retail space with excellent access in a high-traffic area.
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    Canton, OH 44718-3027
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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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