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Property profile & analytics
FOR LEASE
Retail properties & Spaces
5577 Dressler Rd NW North Canton, OH 44720
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2030293
For Lease
1 / 3
$6,510,000
5577 Dressler Rd NW, North Canton, OH 44720
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1997
Construction
BRICK
Total area
50,502 SF
Lot
22.77 ac (991,861 SF)
APN
16-28058
UPID
US66-2030293
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.83M
Blend (final)
Blend
$6.51M
Owner & transaction history
Bre Ddr Belden Park LLC · 14 yrs held
Bre Ddr Belden Park LLC
since 2012
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.9M
+104.2%
Restaurant
$5.7M
+31.4%
Auto repair, garage
$5.4M
+22.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Canton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,360,000
Current use
MEDICAL BUILDING
$8,900,000
Change: +104% · Conversion: Difficult
RESTAURANT
$5,730,000
Change: +31% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,355,000
Change: +23% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,330,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,300,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$4,100,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$6.51M
Range $5.86M – $7.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$129 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$573,092
Tax year 2023
Assessed value
$9,849,460
Assessed 2023
Previous assessed
$10,480,790
-6.0% YoY
Effective rate
5.82%
On assessed value
Assessed land
$980,250
Assessed improvement
$8,869,210
Land market value
$2,800,700
Improvement market value
$25,340,600
Total market value
$28,141,300
Applied tax rate
130.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1997
Construction
BRICK
Heating
YES
Cooling
NONE
Buildings
17
Stories
1
Units
1
Bathrooms
26
Total area
50,502 SF
Lot
22.77 ac (991,861 SF)
APN
16-28058
UPID
US66-2030293
Jurisdiction
STARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$8.9M
RESTAURANT
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
17
Units
1
Bathrooms
26
Lot
22.77 ac
Current owner
From public records · entity-resolved
Bre Ddr Belden Park LLC
Entity
Mailing address
1350 W 3RD ST, CLEVELAND, OH 44113-1806
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2012
$31,275,800
Bre Ddr Belden Park LLC
Ddr Mdt Belden Park II LLC
Grant Deed
related
$250,000,000 · Wells Fargo Bank
Jul 6, 2010
—
Ddr Mdt Belden Park II LLC
—
Deed Of Trust
related
$207,900,000 · Commonwealth Bank
Sep 7, 2007
—
Ddr Mdt Belden Park II LLC
—
Deed Of Trust
related
$39,000,000 · Commonwealth Bank
Apr 13, 2007
—
Ddr Mdt Belden Park II LLC
—
Deed Of Trust
related
$266,000,000 · Commonwealth Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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