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    3030 Market Ave N Canton, OH 44714
    Property profile & analytics

    3030 Market Ave N Canton, OH 44714

    View on Map
    • Retail space
    • 11,270 SF
    • 1.12 lot acres
    For Sale
    $2,050,000
    View Listing →
    Former Rite Aid For Sale For Sale
    $2,050,000
    11,335 SF

    Former Rite Aid For Sale

    Former Rite Aid with drive-thru near high-traffic intersection.

    3030 Market Ave N, Canton, OH 44714
    View Listing
    Property ID
    US66-0902115
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rite Aid / Pharmacy
    • Rite Aid Photo / (Bike/Boat/Book/etc) Store
    • Coinhub Bitcoin ATM Teller / Atm
    • LibertyX Bitcoin ATM / Atm
    • Charles Anderson / Pharmacy

    Property Details for 3030 Market Ave N

    Year built
    1998
    Construction
    FRAME
    Lot size
    1.12 lot acres
    Property size
    11,270 SF
    Property type
    Retail space
    APN
    52-18037
    APU
    5218037

    Description

    This exceptional freestanding retail building, located at 3030 Market Ave N in Canton, Ohio, presents a unique opportunity for a single-tenant user. Boasting a substantial 11,335 square feet of space, the entire building is currently vacant and ready for immediate occupancy. Constructed in 1998, the single-story structure sits on a generous 1.12-acre lot, providing ample room for parking and potential expansion. The property is zoned B1, offering flexibility for a variety of retail uses. Its convenient location on Market Avenue North ensures high visibility and accessibility for customers. The building's single-tenant occupancy eliminates the complexities of multi-tenant management, making it an ideal choice for businesses seeking a dedicated space. With its significant square footage, ample land, and prime location in Stark County, this property represents a compelling investment opportunity for businesses seeking to establish or expand their presence in the Canton market. The property's 44714 zip code further highlights its strategic position within a thriving commercial area. This is a rare chance to secure a substantial, well-located retail space in a desirable market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,524,000
      Market price range: $410k - $1.52M
      AI Estimate
      $1,075,000
      Market price range: $392k - $1.08M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $975,000
      Current use
      MEDICAL BUILDING
      $1,985,000
      Change: +104% Conversion: Difficult
      RESTAURANT
      $1,280,000
      Change: +31% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,195,000
      Change: +23% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $965,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3655
    Latitude
    40.832
    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
    $32,821
    $31,260
    $505,330
    $536,590
    -
    $89,300
    $1,443,800
    $1,533,100

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      723 30th NE St

      RETAIL STORES (PERSONAL SERVICES) • 7,200 SF
      723 30th NE St, Canton, OH 44714-1402
      View Details
    • Value Estimation
      $935,000
      24,676 SF

      706 30th NE St

      RETAIL STORES (PERSONAL SERVICES) • 24,676 SF
      706 30th NE St, Canton, OH 44714-1457
      View Details
    • Value Estimation by Request
      4,200 SF

      3034 Martindale NE Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      3034 Martindale NE Rd, Canton, OH 44714-1444
      View Details
    • Value Estimation by Request
      0.08 Acres

      30th NE St

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      30th NE St, Canton, OH 44714
      View Details
    • Value Estimation by Request
      36,535 SF

      803 30Th St

      Individual retail properties • 36,535 SF
      803 30Th St, Canton, OH 44714
      View Details
    • Value Estimation
      $1,390,000
      10,011 SF

      2976 Market N Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,011 SF
      2976 Market N Ave, Canton, OH 44714-1658
      View Details

    Similar Nearby for Sale

    • $2,050,000
      44,635 SF

      Retail Plaza For Sale

      Well-maintained retail plaza with highway visibility and adjacent lot.
      803-30th 30Th St NE, Canton, OH 44714
      View Details
    • $2,050,000
      11,335 SF

      Former Rite Aid For Sale

      Former Rite Aid with drive-thru near high-traffic intersection.
      3030 Market Ave N, Canton, OH 44714
      View Details
    • $315,000

      Updated Tudor Office Building

      Recently updated Tudor office building with architectural integrity.
      1421 Market Ave N, Canton, OH 44714
      View Details
    • $275,000

      Two-Story Office Building For Sale

      Two-story office building with elevator and ample parking.
      1341 Market Ave N, Canton, OH 44714
      View Details
    • Contact for pricing
      Pending

      Corner Lot in Canton, OH

      Located at the corner of Market Ave. N and 15th St.
      1435 Market Ave N, Canton, OH 44714
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Walnut Ave NE, Canton, OH 44714
      View Details
    View Listing
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    3030 Market Ave N
    Canton, OH 44714
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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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