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    Property profile & analytics

    4601 Everhard Rd North Canton, OH 44720

    • Medical Office Space
    • 6,540 SF
    • 1.09 lot acres
    For Sale
    View listing
    $1,290,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2776405
    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

    • Meniru Godwin I MD / Physician
    • Junaelo Women’s Clinic / Physician
    • Godwin Ikechu Meniru / Physician

    Property Details for 4601 Everhard Rd

    Year built
    2009
    Construction
    WOOD
    Lot size
    1.09 lot acres
    Property size
    6,540 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    16-30587
    APU
    1630587

    Description

    This 4,600 square foot, two-story medical office building is situated on a 1.09-acre lot in North Canton, Ohio's Belden Village, within Jackson Township. Built in 2009, this Class A building features a brick and stone exterior and ample parking with 24 spaces. The first floor boasts a spacious waiting area (seating up to 16), reception/nurse's station, five exam rooms with sinks, a procedure room with sink, two lab rooms with sinks, three private offices, four restrooms, a kitchenette, and storage. The partially finished second floor, currently used for storage, houses the HVAC and solar hot water heater; plumbing is in place for an additional restroom. The property is zoned Jackson Township B1, permitting business, professional, medical, and dental uses. Turnkey medical clinic furniture, fixtures, and equipment are also available for sale. Public water and sanitary sewer are connected. The asking price is $1,290,000 ($280.43/sq ft). APN: 1630587. This presents a significant opportunity for expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,330,000
      6.5%
      $1,225,000
      7%
      $1,140,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,060,000
      Market price range: $478k - $1.06M
      AI Estimate
      $1,028,000
      Market price range: $301k - $1.08M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $685,000
      Current use
      RESTAURANT
      $740,000
      Change: +9% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $695,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.436
    Latitude
    40.8574
    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
    $20,048
    $160,510
    $156,980
    $317,490
    -
    $458,600
    $448,500
    $907,100

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      Fulton NW Dr

      MEDICAL BUILDING • 0.21 Acres
      Fulton NW Dr, Canton, OH 44718
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    • Value Estimation by Request
      1,257 SF

      4170 Holiday NW St

      MEDICAL BUILDING • 1,257 SF
      4170 Holiday NW St, Canton, OH 44718-2532
      View Details
    • Value Estimation by Request
      4,356 SF

      3731 Whipple NW Ave

      MEDICAL BUILDING • 4,356 SF
      3731 Whipple NW Ave, Canton, OH 44718-2933
      View Details
    • 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

    Similar Nearby for Sale

    • $599,000
      4,314 SF

      Canton Medical Office Building

      Prime Medical Office, Canton, OH
      4181 Holiday St, Canton, OH 44718
      View Details
    • $325,000

      Belden Village Medical Office Condo

      Medical office condo in Belden Village with multiple rooms.
      4775 Higbee Ave Nw, Canton, OH 44718
      View Details
    • $1,290,000

      Belden Village Medical Office Building

      Two-story medical office building in Belden Village for sale.
      4601 Everhard Rd Northwest, Canton, OH 44718
      View Details
    • $345,000
      4,024 SF

      Belden Village Medical Office Condo

      Medical office condo in Belden Village with multiple rooms.
      4761-4777 Higbee Ave NW, Canton, OH 44718
      View Details
    • $525,000
      4,314 SF

      Medical Office Building For Sale

      Professional medical office building in move-in condition for sale.
      4181 Holiday St NW, Canton, OH 44718
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      30,453 SF

      Belden Village Office Space For Lease

      Prime Office/Medical Space, Flexible Layouts
      4105 Holiday St, Canton, OH 44718
      View Details
    • 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

      Belden Village Professional Suites

      Two suites available in Belden Village professional building.
      4909-4911 Munson St Northwest, Canton, OH 44718
      View Details
    • Contact for pricing
      12,090 SF

      Updated Office Building in Belden

      Brick office building with recent improvements in a prime location.
      4105 Holiday St Nw, Canton, OH 44718
      View Details
    • Contact for pricing
      2,356 SF

      Belden Village Professional Suites Available

      Two well-maintained suites available for medical or office use.
      4909 Munson St Nw, Canton, OH 44718
      View Details
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    North Canton, OH 44720
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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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