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

    4920 Whipple NW Ave Canton, OH 44718-2656

    • Strip malls
    • 9,467 SF
    • 0.86 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2024
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2000887
    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

    • Van's Camera Inc / Video Duplication Service / Video Editing Service

    Property Details for 4920 Whipple NW Ave

    Year built
    2001
    Construction
    BRICK
    Lot size
    0.86 lot acres
    Property size
    9,467 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    52-19288
    APU
    5219288

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $815,000
      Market price range: $544k - $1.23M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $810,000
      Current use
      RESTAURANT
      $1,075,000
      Change: +32% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,005,000
      Change: +24% Conversion: Difficult
      MEDICAL BUILDING
      $990,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $815,000
      Change: +1% Conversion: Easy
      OFFICE BUILDING
      $770,000
      Change: -5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4226
    Latitude
    40.8533
    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
    $15,093
    $97,410
    $149,210
    $246,620
    -
    $278,300
    $426,300
    $704,600

    Comparable in this City

    • Value Estimation
      $505,000
      15,184 SF

      5264 Fulton NW Dr

      SHOPPING CENTER, STRIP CENTER • 15,184 SF
      5264 Fulton NW Dr, Canton, OH 44718-1806
      View Details
    • Value Estimation
      $635,000
      15,540 SF

      3110 Whipple NW Ave

      SHOPPING CENTER, STRIP CENTER • 15,540 SF
      3110 Whipple NW Ave, Canton, OH 44718-3053
      View Details
    • Value Estimation
      $520,000
      5,600 SF

      4593 Belden Vlg NW St

      SHOPPING CENTER, STRIP CENTER • 5,600 SF
      4593 Belden Vlg NW St, Canton, OH 44718-2523
      View Details
    • Value Estimation
      $805,000
      8,160 SF

      3033 Whipple NW Ave

      SHOPPING CENTER, STRIP CENTER • 8,160 SF
      3033 Whipple NW Ave, Canton, OH 44718-3026
      View Details
    • Value Estimation by Request
      7,980 SF

      2729 Fulton NW Dr

      SHOPPING CENTER, STRIP CENTER • 7,980 SF
      2729 Fulton NW Dr, Canton, OH 44718-3505
      View Details
    • Value Estimation by Request
      3,732 SF

      5624 Fulton NW Dr

      SHOPPING CENTER, STRIP CENTER • 3,732 SF
      5624 Fulton NW Dr, Canton, OH 44718-1731
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,364 SF

      Retail Spaces in Redeveloped Plaza

      Retail spaces available in high-traffic Jackson Township location.
      5264-5314 Fulton Dr NW, Canton, OH 44718
      View Details
    • $199,900
      1,400 SF

      Canton Restaurant for Sale

      Established Philly Cheesesteak Business
      5250 Dressler Rd, Canton, OH 44718
      View Details
    • $595,000
      1,247 SF

      Prime Belden Village Retail Space

      Retail space in the heart of Belden Village retail area.
      4297 Everhard Rd NW, Canton, OH 44718
      View Details
    • $65,000
      0.82 Acres

      Canton Commercial Land Pad #4

      0.82-acre lot, B-1 zoning, great visibility.
      4001 Whipple Ave, Canton, OH 44718
      View Details
    • $150,000
      0.53 Acres

      Canton Commercial Land - $150K

      Prime 0.53-acre lot, high traffic area.
      3445 Whipple Ave, Canton, OH 44718
      View Details
    • $189,900
      1,108 SF

      Move-In Ready Condo with Amenities

      Well-maintained condo featuring 2 bedrooms, 2 bathrooms, and included appliances.
      4220 Tannybrooke Ln NW, Canton, OH 44718
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      144,557 SF

      Retail Space in Thursday's Plaza

      Retail space for lease in Belden Village area.
      4667 Dressler Rd NW, Canton, OH 44718
      View Details
    • $14 SF/Yr
      45,019 SF

      Belden Village Retail Center

      Prime Retail Space Available Now
      4450 Belden Village St, Canton, OH 44718
      View Details
    • $15 SF/Yr
      61,759 SF

      Canton Retail Center Opportunity

      Prime Canton retail space available, 1,875-4,406 sq ft.
      4695 Dressler Rd, Canton, OH 44718
      View Details
    • $14 SF/Yr
      47,990 SF

      Retail Space in Belden Village

      Retail space for lease in Belden Village location.
      4746 Dressler Rd NW, Canton, OH 44718
      View Details
    • Contact for pricing
      4,222 SF

      Retail Space in Belden Village

      Retail space available in a high-traffic Canton shopping center.
      4317-4449 Whipple Ave NW, Canton, OH 44718
      View Details
    • $14 SF/Yr
      2,000 SF

      Belden Village Retail Space Available

      Retail space for lease in Belden Village location.
      4726-4794 Dressler Rd NW, Canton, OH 44718
      View Details
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    Canton, OH 44718-2656
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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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