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    Property profile & analytics

    3720 Tuscarawas W St Canton, OH 44708-5619

    • Parking lots & garages
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2021
    $3,350,000
    Value Estimations
    $3,260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3510109
    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

    • Pamela Neitz, RPH / Pharmacy
    • Charles C. Sloan, RPH / Pharmacy
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Rite Aid / Pharmacy
    • Rite Aid Photo / (Bike/Boat/Book/etc) Store

    Property Details for 3720 Tuscarawas W St

    Year built
    1961
    Lot size
    0.52 lot acres
    Property type
    Parking lots & garages
    APN
    02-43584
    APU
    243584

    Description

    This exceptional 11,301-square-foot single-tenant retail building presents a unique investment opportunity in Stark County. Built in 1998, the property sits on a sizable 1.6-acre lot and boasts a convenient location at the corner of Tuscarawas Street and Raff Road. Its strategic placement offers excellent visibility and accessibility, situated near major retailers such as Walmart, JCPenney, and Giant Eagle, ensuring high foot traffic and brand recognition. The building features a single story, with no elevators, and offers ample parking with 75 spaces. Ingress and egress are facilitated by three separate roads, providing convenient access for customers and deliveries. The property is zoned B2 and includes two APNs: 243265 and 243584. Currently vacant, this 11,301 square foot space presents a blank canvas for a variety of retail uses, and includes a drive-thru for added convenience. The property's size, location, and amenities make it an ideal location for a variety of businesses. This is a rare opportunity to acquire a well-positioned retail property in a thriving commercial area. The property's features, combined with its prime location, make it a highly desirable investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,170,000
      ML approach
      $3,180,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4174
    Latitude
    40.7971
    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
    $9,119
    $101,680
    $15,580
    $117,260
    -
    $290,500
    $44,500
    $335,000

    Comparable in this City

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    • Value Estimation by Request
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      5720 Hls And Dales NW Rd

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      0.56 Acres

      4666 Hls And Dales NW Rd

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      2,880 SF

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      PARKING GARAGE, PARKING STRUCTURE • 2,880 SF
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      Broad NW Ave

      PARKING GARAGE, PARKING STRUCTURE • 336 SF
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    Similar Nearby for Sale

    • $375,000
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      Retail Space in Canton, OH

      Well-appointed retail/commercial space with outstanding visibility.
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      11,301 SF

      Retail Space Near Major Retailers

      Retail space with drive-thru and ample parking near retail hubs.
      3720 Tuscarawas St W, Canton, OH 44708
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      6,784 SF

      Established Canton Commercial Property For Sale

      Long-standing commercial property with retail or redevelopment potential.
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    • $289,900
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      Retail Building with Duplex Investment

      Retail building with renovated duplex in Canton's retail corridor.
      2241 Tuscarawas St W, Canton, OH 44708
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    • $279,900
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      Versatile Commercial Property, Canton, OH

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      4,500 SF

      Circle K Canton Investment Opportunity

      NNN leased Circle K on 1.14 acres for sale.
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    Similar Nearby for Lease

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      Grocery Anchored Shopping Center Space

      Retail spaces in a well-located, grocery-anchored shopping center.
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      Prime Retail Corner Opportunity

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    • $13 SF/Yr

      Former Retail Building For Lease

      Available retail building with drive-thru and ample parking.
      3720 Tuscarawas St W, Canton, OH 44708
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      13,248 SF

      Retail Space in Canton, OH

      Retail spaces available in established shopping center with ample parking.
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      3,110 SF

      Retail Space Near Super Walmart

      Retail space available in high-traffic Canton shopping center.
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      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Retail spaces available in a well-located shopping center.
      4500 Hills And Dales Rd NW, Canton, OH 44708
      View Details
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    Canton, OH 44708-5619
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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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