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    4865 Frank Ave NW Canton, OH 44720

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    4865 Frank Ave NW Canton, OH 44720

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    • Medical Office Space
    • 3,878 SF
    • 3.39 lot acres
    For Sale
    $835,000
    View Listing →
    Commercial Land in Redevelopment Zone For Sale
    $835,000
    3.00 Acres

    Commercial Land in Redevelopment Zone

    3 AC commercial parcel in high-traffic redevelopment zone.

    4865 Frank Ave NW, Canton, OH
    View Listing
    Property ID
    US66-2114268
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Canton Optometry Company / Physician
    • Fishers Fashion Optical & Canton Optometry, now a part of MyEyeDr. / (Bike/Boat/Book/etc) Store
    • Bruce Mathie / Physician
    • William Skendelas, OD / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Dr. Sheri Miller / Physician

    Property Details for 4865 Frank Ave NW

    Year built
    2006
    Construction
    BRICK
    Lot size
    3.39 lot acres
    Property size
    3,878 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    16-12194
    APU
    1612194

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $725,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,012,000
      Market price range: $278k - $1.12M
      AI Estimate
      $764,000
      Market price range: $143k - $1.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4444
    Latitude
    40.8523
    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
    $10,149
    $70,000
    $103,250
    $173,250
    -
    $200,000
    $295,000
    $495,000

    Comparable in this City

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      1225 Main St, Unit 102

      MEDICAL BUILDING • 1,995 SF
      1225 Main St, North Canton, OH 44720-4247
      View Details
    • Value Estimation
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      1,803 SF

      1515 Portage St Nw Ste I

      MEDICAL BUILDING • 1,803 SF
      1515 Portage St Nw Ste I, North Canton, OH 44720-2299
      View Details
    • Value Estimation
      $585,000
      5,620 SF

      901 Schneider SE St

      MEDICAL BUILDING • 5,620 SF
      901 Schneider SE St, North Canton, OH 44720-3774
      View Details

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      Prime Belden Village Development Site

      Located in a high-traffic retail and dining destination.
      7160 Frank Ave NW, North Canton, OH 44720
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      Office/Retail Building For Sale

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      North Canton Office Building Opportunity

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      North Canton Office Building For Sale

      Office building with additional land on N Main Street.
      1136-1206 N Main St, North Canton, OH 44720
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    Similar Nearby for Lease

    • $1,000 /Mo
      47,045 SF

      North Canton Medical Space Sublease

      Well-designed medical space available for sublease in North Canton.
      4900 Frank Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing

      4601 Everhard Rd NW, North Canton, OH 44720

      Medical Office Space
      4601 Everhard Rd NW, North Canton, OH 44720
      View Details
    • $350 /Mo
      8,096 SF

      North Canton Office Space Available

      Office space in Jackson Township near I-77 and CAK airport.
      6370 Mount Pleasant St NW, North Canton, OH 44720
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    • $350 /Mo

      Office Space Near CAK Airport

      Office space for rent in Jackson Township near I-77.
      6370 Mount Pleasant St NW, North Canton, OH 44720
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      North Canton Professional Office Space

      Professional office space with high visibility and ample parking.
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      75,000 SF

      North Canton Industrial Facility

      Industrial facility in a professionally managed park, easy access.
      4282 Strausser St Northwest, North Canton, OH 44720
      View Details
    View Listing
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    4865 Frank Ave NW
    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.

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