Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4403 Cleveland NW Ave Canton, OH 44709-1833

    • Grocery and convenience stores
    • 51,678 SF
    • 4.35 lot acres
    OFF-MARKET
    Last Sale
    Aug 22, 2024
    $577,500
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2498857
    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

    • Coinstar Kiosk | Bitcoin ATM / Kiosk / Atm

    Property Details for 4403 Cleveland NW Ave

    Year built
    1958
    Construction
    FRAME
    Lot size
    4.35 lot acres
    Property size
    51,678 SF
    Property type
    Grocery and convenience stores
    APN
    52-17879
    APU
    5217879

    Description

    This exceptional 50,756-square-foot commercial building, situated on 4.35 acres in Stark County, presents a unique opportunity for lease. Located on Cleveland Avenue in Canton, Ohio, this single-story structure boasts a flexible layout suitable for a variety of office uses, including traditional office, coworking, executive suites, medical offices, or creative office spaces. Previously occupied by a Fishers Food Market, the building underwent a change of ownership in August 2024 and is now entirely vacant, offering a blank canvas for a new tenant. The entire 50,756 square feet is available for lease at a rate of $12.00 per square foot. The property features ample asphalt parking. Built in 1958, this building offers a substantial footprint with significant potential for redevelopment or adaptation to meet diverse business needs. The property's size and location make it ideal for a large-scale office operation or a collection of smaller businesses seeking a shared space. Interested parties are encouraged to inquire about lease terms and individual space configurations. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $580,000
      ML approach
      $580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3932
    Latitude
    40.8468
    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
    $22,306
    $137,970
    $225,400
    $363,370
    -
    $394,200
    $644,000
    $1,038,200

    Comparable in this City

    • Value Estimation by Request
      990 SF

      3307 Cleveland NW Ave

      GROCERY, SUPERMARKET • 990 SF
      3307 Cleveland NW Ave, Canton, OH 44709-2816
      View Details
    • Value Estimation by Request
      5,380 SF

      3985 Everhard NW Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 5,380 SF
      3985 Everhard NW Rd, Canton, OH 44709-4004
      View Details
    • Value Estimation by Request
      2,772 SF

      1816 Cleveland NW Ave

      CONVENIENCE STORE • 2,772 SF
      1816 Cleveland NW Ave, Canton, OH 44709-3602
      View Details
    • Value Estimation by Request
      3,680 SF

      3980 Everhard NW Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,680 SF
      3980 Everhard NW Rd, Canton, OH 44709-4005
      View Details
    • Value Estimation by Request
      2,236 SF

      2557 Cleveland NW Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 2,236 SF
      2557 Cleveland NW Ave, Canton, OH 44709-3395
      View Details
    • Value Estimation
      $1,075,000
      7,584 SF

      4629 Cleveland NW Ave

      GROCERY, SUPERMARKET • 7,584 SF
      4629 Cleveland NW Ave, Canton, OH 44709-1836
      View Details

    Similar Nearby for Sale

    • $349,900
      6,304 SF

      Mixed-Use Building with Retail and Apartment

      6,304 SF building with retail and apartment near highway.
      2757 Cleveland Ave Nw, Canton, OH 44709
      View Details
    • $155,000
      3,681 SF

      Mixed-Use Property with Residential Conversion

      3,681 SF mixed-use property with retail and residential spaces.
      2519 Cleveland Ave NW, Canton, OH 44709
      View Details
    • $2,050,000
      6,900 SF

      Renovated Retail Space in Plaza

      Renovated retail unit in a high-traffic plaza for sale.
      811 30Th St NE, Canton, OH 44709
      View Details
    • $749,000
      20,398 SF

      20,398 SF Mixed-Use Plaza

      Mixed-use plaza with retail, office, and residential spaces.
      2729 Cleveland Ave Nw, Canton, OH 44709
      View Details
    • Contact for pricing
      11,400 SF

      Retail/Office Space on Cleveland Avenue

      Retail/office end cap space with high visibility and traffic.
      3220-3228 Cleveland Ave NW, Canton, OH 44709
      View Details
    • $109,900
      Pending

      Tudor Commercial Building on Cleveland

      Tudor-style commercial building suitable for professional service businesses.
      2705 Cleveland Ave NW, Canton, OH 44709
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,325 SF

      Retail Space For Lease

      Retail space available in Canton, OH with high traffic.
      3320 Cleveland Ave NW, Canton, OH 44709
      View Details
    • $6 SF/Yr
      158,135 SF

      Retail Space in Canton Plaza

      Newly renovated retail space in Giant Eagle anchored shopping plaza.
      3100 Cromer Ave NW, Canton, OH 44709
      View Details
    • $8 SF/Yr
      160,166 SF

      Canton Retail Center - 4 Suites Available

      Prime Canton retail space, multiple suites, flexible sizes.
      3010 Cromer Ave, Canton, OH 44709
      View Details
    • $6 SF/Yr
      6,450 SF

      Renovated Retail Space with Amenities

      Newly renovated retail space featuring an overhead door and kitchenette.
      3010 Cromer Ave NW, Canton, OH 44709
      View Details
    • Contact for pricing
      36,590 SF

      Canton Commercial Land - .84 Acres

      Prime Canton location, build-to-suit options.
      630 30Th St, Canton, OH 44709
      View Details
    • Contact for pricing

      Land Lease Opportunity Available

      0.5 acre land lease opportunity in Canton, Ohio.
      1115 30Th St NW, Canton, OH 44709
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4403 Cleveland NW Ave
    Canton, OH 44709-1833
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.