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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3970 Convenience NW Cir Canton, OH 44718-2661

    • Hotels
    • 21,828 SF
    • 1.13 lot acres
    OFF-MARKET
    Last Sale
    Sep 25, 2023
    $1,700,000
    Value Estimations
    $1,710,000
    Show details
    Cap Rate Potential
    4.8%
    Hotels
    Location Intelligence
    Property ID
    US66-1039679
    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

    • Canton Ohio / Hotel
    • Days Inn Canton / Hotel
    • Quality Inn Hall Of Fame / Hotel

    Property Details for 3970 Convenience NW Cir

    Year built
    1985
    Construction
    WOOD
    Lot size
    1.13 lot acres
    Property size
    21,828 SF
    Property type
    Hotels
    APN
    55-01600
    APU
    5501600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,895,000
      ML approach
      $1,855,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,505,000
      6.5%
      $1,390,000
      7%
      $1,290,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,130,000
      AUTO REPAIR, GARAGE
      $2,055,000
      RESTAURANT
      $1,900,000
      APARTMENT HOUSE (5+ UNITS)
      $1,115,000
      COMMERCIAL (GENERAL)
      $1,040,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4214
    Latitude
    40.8554
    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
    $30,761
    $72,800
    $305,450
    $378,250
    -
    $208,000
    $872,700
    $1,080,700

    Comparable in this City

    • Value Estimation
      $2,435,000
      62,775 SF

      4520 Everhard NW Rd

      HOTEL • 62,775 SF
      4520 Everhard NW Rd, Canton, OH 44718-2407
      View Details
    • Value Estimation
      $3,150,000
      49,236 SF

      4914 Everhard NW Rd

      HOTEL • 49,236 SF
      4914 Everhard NW Rd, Canton, OH 44718-2421
      View Details
    • Value Estimation by Request
      8,688 SF

      3950 Convenience NW Cir

      MOTEL • 8,688 SF
      3950 Convenience NW Cir, Canton, OH 44718-2661
      View Details
    • Value Estimation by Request
      1,400 SF

      5250 Dressler Rd

      Restaurants • 1,400 SF
      5250 Dressler Rd, Canton, OH 44718
      View Details
    • Value Estimation by Request
      0.08 Acres

      4919 Whipple NW Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.08 Acres
      4919 Whipple NW Ave, Canton, OH 44718-2655
      View Details
    • Value Estimation by Request
      0.01 Acres

      Munson NW St

      VACANT COMMERCIAL LAND • 0.01 Acres
      Munson NW St, Canton, OH 44718
      View Details

    Similar Nearby for Sale

    • $199,900
      1,400 SF

      Canton Restaurant for Sale

      Established Philly Cheesesteak Business
      5250 Dressler Rd, Canton, OH 44718
      View Details
    • $65,000
      0.82 Acres

      Canton Commercial Land Pad #4

      0.82-acre lot, B-1 zoning, great visibility.
      4001 Whipple Ave, Canton, OH 44718
      View Details
    • $150,000
      0.53 Acres

      Canton Commercial Land - $150K

      Prime 0.53-acre lot, high traffic area.
      3445 Whipple Ave, Canton, OH 44718
      View Details
    • $65,000
      0.96 Acres

      Canton Commercial Land - $65,000

      0.96-acre lot, high visibility, I-77 access.
      4001 Whipple Ave, Canton, OH 44718
      View Details
    • $345,000
      4,024 SF

      Belden Village Medical Office Condo

      Medical office condo in Belden Village with multiple rooms.
      4775 Higbee Ave Nw, Canton, OH 44718
      View Details
    • $2,500,000
      2,511 SF

      Class A Ground Floor Office

      Partially furnished 2,511 sq ft office suite for sale.
      4690 Munson St NW, Canton, OH 44718
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      143,096 SF

      Canton Executive Office Space

      Prestigious Canton office suites available. Modern amenities, flexible space.
      4450 Belden Village St, Canton, OH 44718
      View Details
    • $16 SF/Yr
      41,203 SF

      Canton Office Space For Lease

      First-floor office, Belden Village, ample parking.
      4825 Higbee Ave, Canton, OH 44718
      View Details
    • $14 SF/Yr
      45,019 SF

      Belden Village Retail Center

      Prime Retail Space Available Now
      4450 Belden Village St, Canton, OH 44718
      View Details
    • Contact for pricing
      43,996 SF

      Canton Meijer Outlot - Prime Location

      1.01-acre commercial outlot; sale or ground lease.
      4770 Fulton Dr, Canton, OH 44718
      View Details
    • $450 /Mo
      250 SF

      Retail Space Available For Lease

      250 SF retail space available for lease.
      5854-5892 Fulton Dr Nw, Canton, OH 44718
      View Details
    • Contact for pricing
      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
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    Canton, OH 44718-2661
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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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