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    3802 Tuscarawas St W Canton, OH 44708
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    3802 Tuscarawas St W, Canton, OH 44708

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    • Retail space
    • 6,020 SF
    • 4.56 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    Retail Space Available For Lease For Lease
    $10 SF/Yr

    Retail Space Available For Lease

    Retail space available for lease in Canton, Ohio.

    3802 Tuscarawas St W, Canton, OH 44708
    View Listing
    Property ID
    US66-1754905
    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
    $2,740,000
    Cap Rate Potential
    3.2%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 3802 Tuscarawas St W

    Year built
    1989
    Construction
    FRAME
    Lot size
    4.56 lot acres
    Property type
    Retail space
    APN
    02-43331
    APU
    243331

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2025 $2,920,000 Mellett Plaza Realty LLC Safay Enterprises Ltd Warranty Deed $3.5M · Peoples Bank Of Kankakee County
    Dec 29, 2011 $100,000 Safay Ents Ltd Ttm II Properties Ltd Warranty Deed —
    — — Ttm II Properties Ltd — Deed Of Trust · related $3.8M · Sky Bank

    Description

    Mellet Plaza, a well-located neighborhood retail center in Canton, Ohio, offers exceptional leasing opportunities. This Class B property, situated at 3802 Tuscarawas St W, boasts a total of 82,869 square feet across five single-story buildings on a substantial 4.56-acre lot (198,634 square feet). The center features six total suites, with 9,395 square feet currently vacant and available for lease. Spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 3,500 square feet, providing flexibility for a variety of retail businesses. Built in 1989, Mellet Plaza is zoned B3 & B6 and is conveniently located near Raff Road in Stark County, Ohio (zip code 44710). The property's ample parking and high visibility make it an attractive option for businesses seeking a strong presence in a thriving neighborhood. This is a multi-tenant property offering a unique opportunity to establish or expand your retail operation in a well-established commercial area. The property's size and layout provide excellent potential for a variety of retail uses. Serious inquiries are encouraged to explore the available spaces and their potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,385,000
      ML approach
      $2,775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,835,000
      6.5%
      $1,695,000
      7%
      $1,570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4189
    Latitude
    40.7965
    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
    $90,722
    $226,280
    $940,560
    $1,166,840
    -
    $646,500
    $2,687,300
    $3,333,800

    Comparable in this City

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      3724 12th NW St

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      3500 12th NW St

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    • Value Estimation
      $925,000
      7,620 SF

      4315 Hls And Dales NW Rd

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
      $685,000
      8,000 SF

      4666 Hls And Dales NW Rd

      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation by Request
      144 SF

      4548 Tuscarawas W St

      RETAIL STORES (PERSONAL SERVICES)
      4548 Tuscarawas W St, Canton, OH 44708
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Retail Space Near Major Retailers

      Retail space with drive-thru and ample parking near retail hubs.
      3720 Tuscarawas St W, Canton, OH 44708
      View Details
    • $274,900
      2,880 SF

      Retail Building with Duplex Investment

      Retail building with renovated duplex in Canton's retail corridor.
      2241 Tuscarawas St W, Canton, OH 44708
      View Details
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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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      4,500 SF

      Circle K Canton Investment Opportunity

      NNN leased Circle K on 1.14 acres for sale.
      3920 Tuscarawas St W, Canton, OH 44708
      View Details
    • $265,000
      0.48 Acres

      Versatile Commercial Property in Canton

      Well-maintained commercial property with live/work potential in high-traffic area.
      1850 Whipple Ave NW, Canton, OH 44708
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,010 SF

      Retail Space Near Retail Corridor

      Retail space near major retail corridor with easy highway access.
      2859 Whipple Ave NW, Canton, OH 44708
      View Details
    • Contact for pricing
      1,509 SF

      Retail Space in Canton, Ohio

      Retail space for rent in a vibrant Canton location.
      4322 Tuscarawas St W, Canton, OH 44708
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      9,000 SF

      Canton Centre Mall Retail Space

      Retail space available in Canton Centre Mall, Canton, OH.
      4300 Tuscarawas St W, Canton, OH 44708
      View Details
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      6,040 SF

      Retail Space Near Retail Corridor

      6,040 SF retail space with easy highway access.
      2819-2819 Whipple Ave NW, Canton, OH 44708
      View Details
    • Contact for pricing
      1,200 SF

      Mellet Plaza Retail/Office Spaces

      Retail and office spaces for lease with easy highway access.
      3802 Tuscarawas St W, Canton, OH 44708
      View Details
    • Contact for pricing

      Retail Pad Site Available

      Retail pad site with high visibility and great access.
      2905 Whipple Ave NW, Canton, OH 44708
      View Details
    View Listing
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    Canton, OH 44708
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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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