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    Property profile & analytics

    4455 Dressler Rd Canton, OH 44718

    • Medical offices
    • 36,260 SF
    • 3.47 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1966187
    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

    • Ohio Heart Care / Hospital
    • Legacy Wealth Management Group - Morgan Stanley / Financial Advisor
    • Roger A. Piper - Morgan Stanley / Financial Advisor
    • Dr. Dennis S. Weiner, MD / Pediatrician
    • Ohio Heart Care Inc: Utlak Barb MD / Physician

    Property Details for 4455 Dressler Rd

    Year built
    1995
    Construction
    FRAME
    Lot size
    3.47 lot acres
    Property size
    36,260 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    16-19883
    APU
    1619883

    Description

    This exceptional medical office building, located at 4455 Dressler Rd NW in Canton, Ohio, presents a unique investment opportunity. The property boasts a total of 47,225 square feet across four buildings, situated on a generous 3.47-acre lot. The building is classified as Class B and was constructed in 1995. The two-story structure offers ample parking with 231 spaces available for tenants and visitors. Currently, there are two suites available, with a minimum divisible space of 13,100 square feet and a maximum contiguous space of 27,650 square feet. A significant 40,750 square feet is currently vacant, providing substantial leasing potential. The property is zoned JAC-B3 and is ideally suited for medical practices seeking flexible and spacious accommodations. The building's location in Stark County, Ohio, offers convenient access to major transportation routes and a thriving medical community. This is an excellent opportunity to establish or expand a medical practice in a well-maintained and strategically located building. The property's size and layout offer significant flexibility for various medical specialties. With its ample parking and convenient location, this property is poised for immediate occupancy and long-term success. Contact us today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,885,000
      Market price range: $2.65M - $5.88M
      AI Estimate
      $3,629,000
      Market price range: $1.67M - $5.99M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,790,000
      Current use
      RESTAURANT
      $4,115,000
      Change: +9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,845,000
      Change: +1% Conversion: Difficult
      RETAIL STORES
      $3,130,000
      Change: -17% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,110,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4359
    Latitude
    40.846
    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
    $65,195
    $490,000
    $630,000
    $1,120,000
    -
    $1,400,000
    $1,800,000
    $3,200,000

    Comparable in this City

    • Value Estimation by Request
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      MEDICAL BUILDING • 1,257 SF
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      3731 Whipple NW Ave

      MEDICAL BUILDING • 4,356 SF
      3731 Whipple NW Ave, Canton, OH 44718-2933
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    • Value Estimation
      $5,545,000
      48,498 SF

      4565 Dressler NW Rd

      MEDICAL BUILDING • 48,498 SF
      4565 Dressler NW Rd, Canton, OH 44718-2549
      View Details
    • Value Estimation
      $645,000
      1,341 SF

      4665 Douglas Cir Nw Ste, Unit 103

      MEDICAL BUILDING • 1,341 SF
      4665 Douglas Cir Nw Ste, Canton, OH 44718-3673
      View Details
    • Value Estimation by Request
      5,986 SF

      4800 Higbee NW Ave

      MEDICAL BUILDING • 5,986 SF
      4800 Higbee NW Ave, Canton, OH 44718-2528
      View Details

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      Belden Village Medical Office Building

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    Similar Nearby for Lease

    • Contact for pricing
      47,225 SF

      Canton Medical Office Building For Lease

      Prime Canton medical office space available.
      4455 Dressler Rd, Canton, OH 44718
      View Details
    • $16 SF/Yr
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      Belden Village Office Space For Lease

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    • $16 SF/Yr
      15,266 SF

      Belden Village Professional Office Suites

      Two well-maintained suites available for medical or office use.
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    • $14 SF/Yr
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      Updated Office Building in Belden

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      Belden Village Professional Suites Available

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      Modern Medical Office in Canton

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    4455 Dressler Rd
    Canton, OH 44718
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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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