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

    5590 Lauby Rd North Canton, OH 44720-1500

    • Office buildings
    • 33,740 SF
    OFF-MARKET
    Value Estimations
    $3,070,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1539175
    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

    • Office buildings

    Property Details for 5590 Lauby Rd

    Year built
    1987
    Property size
    33,740 SF
    Property type
    Office buildings
    APN
    28-09408
    APU
    2809408

    Description

    This exceptional North Canton, Ohio property at 5590 Lauby Rd offers 12,870 square feet of flexible office space, currently fully vacant and ready for immediate occupancy. The single-story, Class B building, constructed in 1987, sits on a one-acre lot (43,560 square feet) and is zoned B-5. The property features five dock-high doors, ideal for businesses requiring efficient loading and unloading. Multiple tenancy options are available, with a minimum divisible space of 2,870 square feet and a maximum contiguous space of 10,000 square feet. The building is divided into two suites, providing flexibility for various business needs. Located in Summit County, Ohio, with easy access via Lauby Rd and a convenient 44720 zip code, this property presents a unique opportunity for businesses seeking a well-located and adaptable office space. The property's combination of ample space, convenient features, and strategic location makes it an attractive option for a variety of businesses. This is a rare opportunity to lease a fully vacant, well-maintained office building in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,937,000
      Market price range: $1.60M - $3.84M
      AI Estimate
      $3,134,000
      Market price range: $1.29M - $6.00M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,620,000
      Current use
      RESTAURANT
      $3,760,000
      Change: +43% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,355,000
      Change: +28% Conversion: Difficult
      MEDICAL BUILDING
      $3,160,000
      Change: +21% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $3,155,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,875,000
      Change: +10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Summit
    State
    Ohio
    Longitude
    -81.4315
    Latitude
    40.9102
    CBSA code
    10420
    CBSA name
    AKRON, 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
    $27,453
    $0.00
    $491,290
    $491,290
    -
    $0.00
    $1,403,670
    $1,403,670

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

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    • Value Estimation by Request
      0.10 Acres

      Main S St

      OFFICE BUILDING • 0.10 Acres
      Main S St, North Canton, OH 44720
      View Details
    • Value Estimation
      $6,935,000
      42,840 SF

      5200 Stoneham Rd

      OFFICE BUILDING • 42,840 SF
      5200 Stoneham Rd, North Canton, OH 44720-1584
      View Details
    • Value Estimation
      $1,490,000
      15,471 SF

      4940 Aultman Rd

      OFFICE BUILDING • 15,471 SF
      4940 Aultman Rd, North Canton, OH 44720-1556
      View Details
    • Value Estimation
      $2,340,000
      14,569 SF

      5757 Mayfair Rd

      OFFICE BUILDING • 14,569 SF
      5757 Mayfair Rd, North Canton, OH 44720-1546
      View Details
    • Value Estimation
      $2,965,000
      28,641 SF

      5399 Lauby Rd

      OFFICE BUILDING • 28,641 SF
      5399 Lauby Rd, North Canton, OH 44720-1554
      View Details

    Similar Nearby for Sale

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      Lenkey Priest Building: Prime Location

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      960 SF residential conversion for sale or lease.
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    Similar Nearby for Lease

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      Well-Located Brick Office Building

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      Office Suites in Hoover District

      Office suites available in the heart of Downtown North Canton.
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    • $1,100 /Mo
      23,522 SF

      North Canton Commercial Standalone Building

      Vacant standalone building in Jackson Township, ideal for various businesses.
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    • $2,000 /Mo
      11,252 SF

      Updated Office Suite For Lease

      Recently updated office suite with ample parking and included utilities.
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    • $3 SF/Yr
      262,200 SF

      Versatile Industrial Property in Jackson Township

      Adaptable leasing options in a prime industrial location.
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    • $4 SF/Yr
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      Strausser Street Warehouse and Office

      18,750 SF warehouse/distribution and office space for lease.
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    North Canton, OH 44720-1500
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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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