Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Office Spaces
3620 Progress NE St Canton, OH 44705-4438
Entity Owned
~
Est. High Equity
Property ID
US66-2494726
Property summary
AI-generated overview
This exceptional 39,000-square-foot industrial facility in Canton, Ohio, is available for lease. Built in 2000, this single-story building sits on a 4.6-acre lot with 306.03 feet of frontage. The property features a versatile layout perfect for manufacturing and distribution operations, boasting 14' to 18' ceiling heights. Loading and unloading are efficient with two loading docks and two drive-in doors. The robust power supply includes 2000 Amps, 240V, 3-phase electric service. The property is zoned I-4 Light Industrial (APN 305772) and offers excellent visibility and accessibility at its location on 3620 Progress St NE, Canton, OH 44705. This single-tenant space presents a rare opportunity to secure a well-maintained, spacious facility in a prime location. The property's features are ideal for businesses requiring ample space, high power capacity, and convenient access for loading and unloading. Its strategic location ensures excellent visibility and easy access for employees and clients alike. This is an exceptional opportunity for a business seeking to establish or expand its operations in a thriving industrial area. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Construction
BRICK
Total area
39,064 SF
Lot
4.64 ac (202,118 SF)
APN
03-05772
UPID
US66-2494726
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ohio Metal Working Products Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.01M
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.29M
Owner & transaction history
L B Water Properties Oh LLC
L B Water Properties Oh LLC
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+43.9%
Neighborhood: shopping center
$3.4M
+43.0%
Office building
$3.2M
+35.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,180,000
6.5%
$2,010,000
7%
$1,870,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,345,000
Current use
RETAIL STORES
$3,370,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,350,000
Change: +43% · Conversion: Difficult
OFFICE BUILDING
$3,170,000
Change: +35% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,235,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10% · vs last sale $2.30M (Jul 31 2025)
Last sale anchor
$2.30M
Jul 31 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,334
Tax year 2023
Assessed value
$433,830
Assessed 2023
Previous assessed
$433,830
+0.0% YoY
Effective rate
5.15%
On assessed value
Assessed land
$37,170
Assessed improvement
$396,660
Land market value
$106,200
Improvement market value
$1,133,300
Total market value
$1,239,500
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
YES
Cooling
NONE
Stories
1
Units
1
Bathrooms
12
Total area
39,064 SF
Lot
4.64 ac (202,118 SF)
APN
03-05772
UPID
US66-2494726
Jurisdiction
STARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
RETAIL STORES
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
12
Lot
4.64 ac
Current owner
From public records · entity-resolved
L B Water Properties Oh LLC
Entity
Mailing address
PO BOX 288, ARMSTRONG, IA 50514-0288
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
$2,300,000
L B Water Properties Oh LLC
Stoneham Partners LLC
Warranty Deed
$1,840,000 · Fulton Bank NA
Apr 21, 2025
—
Lockridge Outdoor Advertising LLC
Stoneham Partners LLC
Deed
—
Oct 23, 2024
$1,800,000
Stoneham Partners LLC
Ohio Metal Working Products Arts Wa
Warranty Deed
$2,019,000 · The Commercial & Savings Bank
Apr 23, 2018
—
Ohio Metal Working Products Of Ar
—
Deed
related
$5,000,000 · Bank Midwest
Oct 3, 2017
—
Ohio Metal Working Products Ar
—
Trustees Deed
related
$5,000,000 · Bank Midwest
Sep 30, 2013
$1,200,000
Ohio Metal Working Products
Ohio Metal Working Products Co
Warranty Deed
—
—
—
Ohio Metal Working Products Of Ar
—
Loan Modification
related
$5,000,000 · Bank Midwest
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3620 Progress NE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
