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

    400 Cherry Ave SE Canton, OH 44702

    • Warehouses
    • 35,658 SF
    • 0.92 lot acres
    For Lease
    View listing
    $2 SF/Yr
    Last Sale
    Sep 25, 2020
    $250,000
    Value Estimations
    $335,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2085304
    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

    • Modern Builders Supply, Inc. Canton Branch / Building Materials Store / Handyman/Handywoman/Handyperson
    • BKC Goods LLC / Wholesaler
    • Poof Fulfilment / Distribution Service

    Property Details for 400 Cherry Ave SE

    Year built
    1860
    Construction
    BRICK
    Lot size
    0.92 lot acres
    Property size
    35,658 SF
    Property type
    Warehouses
    APN
    02-32202
    APU
    232202

    Description

    This stabilized Class C industrial property, located at 400 Cherry Ave SE in Canton, Ohio, offers 35,658 square feet of flex and warehouse space. Currently 100% occupied under a 5-year modified lease commencing November 1, 2024, this single-tenant property features three loading docks and a fenced yard. Recent improvements include five new Reznor heaters in the warehouse, two new garage door access areas, a new large cement pad, three remodeled bathrooms, two new water heaters, new office flooring, and an updated office HVAC system. A new water line has also been installed. The 0.92-acre lot is zoned B4 and boasts a convenient location, just half a mile from Route 30 and a little over a mile from I-77. Built in 1860, this property presents a strong investment opportunity with a long-term lease in place. The APN is 232202. The property is situated in Stark County, Ohio, with a zip code of 44702.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $290,000
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $461,000
      Market price range: $461k - $1.87M

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3715
    Latitude
    40.7952
    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
    $3,164
    $34,090
    $4,450
    $38,540
    -
    $97,400
    $12,700
    $110,100

    Comparable in this City

    • Value Estimation by Request
      2,193 SF

      834 Walnut NE Ave

      WAREHOUSE, STORAGE • 2,193 SF
      834 Walnut NE Ave, Canton, OH 44702-1033
      View Details
    • Value Estimation
      $285,000
      4,800 SF

      420 2nd NE St

      WAREHOUSE, STORAGE • 4,800 SF
      420 2nd NE St, Canton, OH 44702-1160
      View Details
    • Value Estimation
      $235,000
      3,462 SF

      805 Ct SW Ave

      WAREHOUSE, STORAGE • 3,462 SF
      805 Ct SW Ave, Canton, OH 44702-2145
      View Details
    • Value Estimation
      $250,000
      0.07 Acres

      430 6th SE St

      WAREHOUSE, STORAGE • 0.07 Acres
      430 6th SE St, Canton, OH 44702-1158
      View Details
    • Value Estimation
      $350,000
      17,760 SF

      833 Cleveland SW Ave

      WAREHOUSE, STORAGE • 17,760 SF
      833 Cleveland SW Ave, Canton, OH 44702-2156
      View Details
    • Value Estimation
      $405,000
      73,764 SF

      435 Cleveland NW Ave

      WAREHOUSE, STORAGE • 73,764 SF
      435 Cleveland NW Ave, Canton, OH 44702-1539
      View Details

    Similar Nearby for Sale

    • $775,000
      49,944 SF

      Canton Warehouse and Showroom Space

      Former Chevrolet dealership with showroom, service bay, and warehouse.
      730 Market Ave South, Canton, OH 44702
      View Details
    • $995,000
      83,400 SF

      Canton Warehouse: Prime Industrial Space

      83,400 SF Warehouse - $995,000
      732 Piedmont Ave, Canton, OH 44702
      View Details
    • $495,000
      83,400 SF

      Industrial Building in Canton

      Three-story industrial building with dock doors and railroad access.
      732 Piedmont Ave SE, Canton, OH 44702
      View Details
    • $385,000
      Pending

      Canton Warehouse with Office Space

      Well-maintained warehouse with office space and convenient location.
      207 9Th St SW, Canton, OH 44702
      View Details
    • $480,000
      0.73 Acres

      Well-Maintained Retail/Workshop Building

      Two-story brick building with retail, workshop, and office space.
      530 Walnut Ave NE, Canton, OH 44702
      View Details
    • $239,000
      6,156 SF

      Canton Storefront: Prime Retail Space

      Historic Canton retail building, ideal owner/user.
      814 Cleveland Ave, Canton, OH 44702
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      50,512 SF

      Downtown Canton Warehouse - 50,512 SF

      Climate-controlled warehouse, ideal for various businesses.
      606 2Nd St, Canton, OH 44702
      View Details
    • $2 SF/Yr
      35,658 SF

      Industrial Building with Fenced Yard

      33,000 SF industrial building for lease with office space.
      400 Cherry Ave SE, Canton, OH 44702
      View Details
    • Contact for pricing
      1,023 SF

      Canton Office Spaces Available

      Office spaces available for lease in Canton, Ohio.
      220 Market Ave S, Canton, OH 44702
      View Details
    • Contact for pricing

      Prime Development Land Near University

      Development opportunity near shopping, university, and high-traffic thoroughfare.
      Market Ave N, North Canton, OH 44702
      View Details
    • $14 SF/Yr
      60,297 SF

      Downtown Canton Office Space Available

      Professional office space for lease in downtown Canton.
      400 3Rd St SE, Canton, OH 44702
      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 44702
      View Details
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    400 Cherry Ave SE
    Canton, OH 44702
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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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