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    Property profile & analytics

    5100 Whipple NW Ave Canton, OH 44718-2663

    • Community centers
    • 16,560 SF
    • 1.11 lot acres
    OFF-MARKET
    Last Sale
    Oct 31, 2024
    $2,350,000
    Value Estimations
    $2,455,000
    Show details
    Cap Rate Potential
    7.7%
    Community centers
    Location Intelligence
    Property ID
    US66-2462952
    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

    • Metro by T-Mobile / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 5100 Whipple NW Ave

    Year built
    1980
    Construction
    FRAME
    Lot size
    1.11 lot acres
    Property size
    16,560 SF
    Property type
    Community centers
    APN
    55-01999
    APU
    5501999

    Description

    This exceptional 2,000 square foot retail space is ideally situated within the bustling Whipple Belden Retail Shopping Center in Canton, Ohio, at 5100 Whipple Ave NW, zip code 44718. Located in Stark County, this property offers unparalleled visibility and high foot traffic due to its placement within a thriving shopping center anchored by national retailers. The space boasts a versatile layout, making it suitable for a wide range of retail businesses, boutiques, or service-oriented enterprises. Ample parking is readily available for customers and employees, ensuring convenient access. The property's prime location near major roadways guarantees a strong daily flow of potential customers. This retail space presents a unique opportunity to establish or expand your business in a high-demand area with excellent visibility and accessibility. The flexible space allows for customization to meet your specific business needs. Benefit from the established customer base of the shopping center and the high traffic volume of the surrounding area. This is an exceptional opportunity to secure a prominent retail presence in a thriving Canton commercial district. The property is easily accessible from major roadways, ensuring convenient access for both customers and employees.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,350,000
      ML approach
      $2,350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,005,000
      6.5%
      $2,770,000
      7%
      $2,575,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,420,000
      Current use
      RESTAURANT
      $1,880,000
      Change: +32% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,755,000
      Change: +24% Conversion: Difficult
      MEDICAL BUILDING
      $1,730,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $1,430,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4223
    Latitude
    40.8555
    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
    $30,789
    $71,540
    $326,030
    $397,570
    -
    $204,400
    $931,500
    $1,135,900

    Comparable in this City

    • Value Estimation by Request
      20,751 SF

      4918 Whipple Ave

      Lifestyle centers • 20,751 SF
      4918 Whipple Ave, Canton, OH 44718
      View Details
    • Value Estimation
      $1,750,000
      33,291 SF

      5380 Fulton NW Dr

      MINI-MALL • 33,291 SF
      5380 Fulton NW Dr, Canton, OH 44718
      View Details
    • Value Estimation
      $285,000
      1.66 Acres

      Dressler NW Rd

      MINI-MALL • 1.66 Acres
      Dressler NW Rd, Canton, OH 44718
      View Details
    • Value Estimation
      $1,100,000
      45,652 SF

      7257 Fulton NW Dr

      MINI-MALL • 45,652 SF
      7257 Fulton NW Dr, Canton, OH 44718-3816
      View Details
    • Value Estimation
      $1,620,000
      66,887 SF

      4215 Whipple NW Ave

      MINI-MALL • 66,887 SF
      4215 Whipple NW Ave, Canton, OH 44718
      View Details
    • Value Estimation
      $775,000
      42,954 SF

      4301 Whipple NW Ave

      MINI-MALL • 42,954 SF
      4301 Whipple NW Ave, Canton, OH 44718-2643
      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.
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      Canton Restaurant for Sale

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      Prime Belden Village Retail Space

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      Retail Property on Whipple Avenue

      Retail property for sale on Whipple Ave NW, Canton, OH.
      5156 Whipple Ave NW, Canton, OH 44718
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    • $65,000
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      Canton Commercial Land Pad #4

      0.82-acre lot, B-1 zoning, great visibility.
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    • $150,000
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      Canton Commercial Land - $150K

      Prime 0.53-acre lot, high traffic area.
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    Similar Nearby for Lease

    • $14 SF/Yr
      45,019 SF

      Belden Village Retail Center

      Prime Retail Space Available Now
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      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
    • 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
    • $15 SF/Yr
      144,557 SF

      Retail Space in Thursday's Plaza

      Retail space for lease in Belden Village area.
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      View Details
    • Contact for pricing
      1,414 SF

      High Traffic Retail Location

      Regional location with high visibility and easy highway access.
      5021 Whipple Ave Northwest, Canton, OH 44718
      View Details
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    Canton, OH 44718-2663
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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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