Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    525 Market N Ave Canton, OH 44702

    • Office Properties & Spaces
    • 13,562 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1842360
    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

    • The Creatives / (Bike/Boat/Book/etc) Store / Photography Service

    Property Details for 525 Market N Ave

    Year built
    1915
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    13,562 SF
    Property type
    Office Properties & Spaces
    APN
    02-30300
    APU
    230300

    Description

    This exceptional Canton, Ohio office property, located at 525 Market Ave N, offers a unique opportunity for businesses seeking executive-level space. The building, a Class B property constructed in 1915 and extensively renovated in 2005, boasts a total of 31,662 square feet spread across five buildings and three stories. Currently, 2,094 square feet of office space is immediately available for lease within this multi-tenant building. The property sits on a 0.625-acre lot (0.91 acres total land) and is zoned B-5, offering flexibility for various business uses. Ample parking is provided with 85 spaces, resulting in a favorable parking ratio of 8.19 spaces per 1,000 square feet. The building's location in Stark County, Ohio, provides convenient access to local amenities and transportation networks. This is an excellent opportunity to secure high-quality office space in a well-maintained and strategically located building. The property's history and recent renovations combine to offer a blend of character and modern functionality. The available space is ready for immediate occupancy. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $755,000
      6.5%
      $700,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $702,000
      Market price range: $131k - $766k
      AI Estimate
      $661,000
      Market price range: $202k - $661k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,100,000
      APARTMENT HOUSE (5+ UNITS)
      $775,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.374
    Latitude
    40.8017
    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
    $13,960
    $8,050
    $161,000
    $169,050
    -
    $23,000
    $460,000
    $483,000

    Comparable in this City

    • Value Estimation
      $2,755,000
      52,754 SF

      301 Mckinley SW Ave

      OFFICE (GENERAL) • 52,754 SF
      301 Mckinley SW Ave, Canton, OH 44702-1736
      View Details
    • Value Estimation by Request
      6,270 SF

      900 Cleveland NW Ave

      OFFICE (GENERAL) • 6,270 SF
      900 Cleveland NW Ave, Canton, OH 44702-1812
      View Details
    • Value Estimation by Request
      7,040 SF

      122 Central N Plz

      OFFICE (GENERAL) • 7,040 SF
      122 Central N Plz, Canton, OH 44702-1448
      View Details
    • Value Estimation
      $1,075,000
      16,240 SF

      236 3rd SW St

      OFFICE (GENERAL) • 16,240 SF
      236 3rd SW St, Canton, OH 44702-1607
      View Details
    • Value Estimation
      $670,000
      56,400 SF

      237 Cleveland NW Ave

      OFFICE (GENERAL) • 56,400 SF
      237 Cleveland NW Ave, Canton, OH 44702
      View Details
    • Value Estimation by Request
      10,500 SF

      137 6th NE St

      OFFICE (GENERAL) • 10,500 SF
      137 6th NE St, Canton, OH 44702
      View Details

    Similar Nearby for Sale

    • $275,000
      7,981 SF

      Mixed-Use Building in Downtown Canton

      Well-maintained mixed-use building with retail, office, and apartment potential.
      321 Cherry Ave NE, Canton, OH 44702
      View Details
    • $775,000
      49,944 SF

      Former Chevrolet Dealership with Income

      Mixed-use commercial property with showroom, service bay, warehouse, and office.
      730 Market Ave South, Canton, OH 44702
      View Details
    • $200,000
      0.16 Acres

      Canton Brick Building For Sale

      6,156 SF brick building zoned for central business.
      814 Cleveland Ave NW, Canton, OH 44702
      View Details
    • $4,500,000
      55,000 SF

      Updated Office Building in Canton

      148,000 SF building with 55,000 SF available for lease.
      1020 Market Ave N, Canton, OH 44702
      View Details
    • $385,000
      Pending

      Canton Warehouse with Office Space

      Well-maintained warehouse with office space and convenient location.
      207 9Th St SW, Canton, OH 44702
      View Details
    • $480,000
      0.73 Acres

      Well-Maintained Retail/Workshop Building

      Two-story brick building with retail, workshop, and office space.
      530 Walnut Ave NE, Canton, OH 44702
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      60,297 SF

      Downtown Canton Office Space Available

      Professional office space for lease in downtown Canton.
      400 3Rd St SE, Canton, OH 44702
      View Details
    • $13 SF/Yr
      6,600 SF

      Downtown Canton Retail/Office Space

      Desirable retail/office space in Downtown Canton overlooking Centennial Plaza.
      309 Court Ave NW, Canton, OH 44702
      View Details
    • $13 SF/Yr
      6,600 SF

      Court Ave NW Office Space

      Canton Office Suites: 3,300-6,600 SF
      309 Court Ave, Canton, OH 44702
      View Details
    • $12 SF/Yr
      23,746 SF

      Office Space with Utilities Included

      Office space with easy access and included utilities for rent.
      400 Tuscarawas St W, Canton, OH 44702
      View Details
    • $16 SF/Yr
      1,692 SF

      Downtown Canton Class A Office

      Class A office space in downtown Canton's Millennium Centre.
      200 Market Ave N, Canton, OH 44702
      View Details
    • $5 SF/Yr
      50,512 SF

      Downtown Canton Climate-Controlled Warehouse

      Four-story warehouse in downtown Canton with loading docks and drive-in doors.
      606 2Nd St Southeast, Canton, OH 44702
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    525 Market N Ave
    Canton, OH 44702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.