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    Property profile & analytics

    509 Harmon SW St North Canton, OH 44720-2900

    • Garden apartment buildings
    • 5,636 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1863220
    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

    • Garden apartment buildings

    Property Details for 509 Harmon SW St

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.39 lot acres
    Property size
    5,636 SF
    Property type
    Garden apartment buildings
    APN
    92-06484
    APU
    9206484

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $448,000
      Market price range: $180k - $550k
      AI Estimate
      $337,000
      Market price range: $173k - $337k

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4074
    Latitude
    40.8753
    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
    $7,573
    $31,960
    $74,170
    $106,130
    -
    $91,300
    $211,900
    $303,200

    Comparable in this City

    • Value Estimation
      $350,000
      11,648 SF

      428 Sheraton NW Dr

      GARDEN APT, COURT APT (5+ UNITS) • 11,648 SF
      428 Sheraton NW Dr, North Canton, OH 44720-2225
      View Details
    • Value Estimation
      $240,000
      4,608 SF

      1113 Main St

      GARDEN APT, COURT APT (5+ UNITS) • 4,608 SF
      1113 Main St, North Canton, OH 44720-1923
      View Details
    • Value Estimation
      $585,000
      26,598 SF

      201 Rose Ln SW St

      GARDEN APT, COURT APT (5+ UNITS) • 26,598 SF
      201 Rose Ln SW St, North Canton, OH 44720-3580
      View Details
    • Value Estimation
      $295,000
      3,942 SF

      4683 Echovalley NW St

      GARDEN APT, COURT APT (5+ UNITS) • 3,942 SF
      4683 Echovalley NW St, North Canton, OH 44720-7501
      View Details
    • Value Estimation
      $315,000
      10,692 SF

      1015 Pittsburg NW Ave

      GARDEN APT, COURT APT (5+ UNITS) • 10,692 SF
      1015 Pittsburg NW Ave, North Canton, OH 44720-1816
      View Details
    • Value Estimation
      $280,000
      6,138 SF

      6203 Huckleberry NW St

      GARDEN APT, COURT APT (5+ UNITS) • 6,138 SF
      6203 Huckleberry NW St, North Canton, OH 44720-6607
      View Details

    Similar Nearby for Sale

    • $950,000
      7,056 SF

      Retail and Apartment Investment Opportunity

      7,056 SF property with retail space and apartments.
      533 North Main St, North Canton, OH 44720
      View Details
    • Contact for pricing
      1.00 Acre

      Costco Anchored Outparcels

      Prime North Canton development land
      7160 Frank Ave, North Canton, OH 44720
      View Details
    • Contact for pricing
      Pending

      Four-Unit Apartment Building and Vacant Lot

      Well-maintained apartment building and vacant lot near shopping and dining.
      8653 Rosewood Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      0.47 Acres

      Improved Vacant Lot For Sale

      0.471-acre improved vacant lot zoned R-3 multi family.
      Rosewood Ave NW, North Canton, OH 44720
      View Details
    • $575,000
      960 SF

      Residential Conversion Opportunity

      960 SF residential conversion for sale or lease.
      5112 Portage Ave NW, North Canton, OH 44720
      View Details
    • $229,000
      1.75 Acres

      North Canton Commercial Land Opportunity

      1.75 acre commercial land with house and garage.
      2335 Greensburg Rd, North Canton, OH 44720
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      10,299 SF

      North Canton Office Space Available

      Prime Office Suites, High Visibility
      1177 Main St, North Canton, OH 44720
      View Details
    • $10 SF/Yr
      63,256 SF

      Berlin Commons Executive Office Space

      North Canton, OH Office Space Available
      1664 Main St, North Canton, OH 44720
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in North Canton

      Retail space available in a large shopping center.
      4720 Mega St NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      128,308 SF

      Available Industrial Space Near Airport

      128,308 SF industrial space with highway access and generators.
      5995 Mayfair Rd, North Canton, OH 44720
      View Details
    • $3,000 /Mo
      2,350 SF

      Retail Space in High-Traffic Area

      Retail space available in a busy, high-traffic location.
      Portage St NW 4300, North Canton, OH 44720
      View Details
    • $1,666 /Mo
      3,900 SF

      North Canton Warehouse for Lease

      2,200 SF warehouse space with five overhead doors.
      6830 Wise Ave NW, North Canton, OH 44720
      View Details
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    509 Harmon SW St
    North Canton, OH 44720-2900
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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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