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Property profile & analytics
FOR LEASE
Warehouses
606 2Nd St Southeast Canton, OH 44702
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2011280
For Lease
1 / 18
$505,000
606 2Nd St Southeast, Canton, OH 44702
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Property summary
AI-generated overview
This 50,512-square-foot, four-story warehouse, formerly occupied by AEP Electric, is available for lease in downtown Canton, Ohio. The property features a single tenancy and is zoned C - Commercial Warehouse (APN: 10013329). The building boasts a variety of features including one loading dock and two drive-in doors. Power is substantial at 1600 amps, 480 volts, 3-phase. A freight elevator services all four floors. The lower level warehouse offers a 16'4" clear ceiling height and five interior docks. The second and third floors provide warehouse space with 11'6" clear ceiling heights, both accessible by freight elevator. The fourth floor is dedicated office space, also accessible via freight elevator. The building is well-maintained and offers climate control, making it suitable for a wide range of commercial uses. This prime location in Stark County, Ohio (606 2nd St SE, Canton, OH 44702) presents a unique opportunity for businesses seeking versatile and well-equipped warehouse space.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1926
Construction
BRICK
Total area
50,512 SF
Lot
0.34 ac (14,810 SF)
APN
10-013329
UPID
US66-2011280
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
$640k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Jsc Properties LLC · 4 yrs held
Jsc Properties LLC
since 2022
Last sale
$325,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$335,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $325k (May 20 2022)
Last sale anchor
$325k
May 20 2022
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
$10 / 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
$8,242
Tax year 2023
Assessed value
$106,020
Assessed 2023
Previous assessed
$131,740
-19.5% YoY
Effective rate
7.77%
On assessed value
Assessed land
$4,380
Assessed improvement
$101,640
Land market value
$12,500
Improvement market value
$290,400
Total market value
$302,900
Applied tax rate
20.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1926
Construction
BRICK
Heating
NONE
Stories
4
Total area
50,512 SF
Lot
0.34 ac (14,810 SF)
APN
10-013329
UPID
US66-2011280
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
Building & site characteristics
From public records
Year built
1926
Construction
BRICK
Heating
NONE
Stories
4
Lot
0.34 ac
Current owner
From public records · entity-resolved
Jsc Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1742 MONTER AVE, LOUISVILLE, OH 44641-2506
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
$325,000
Jsc Properties LLC
Ohio Power Company
Limited Warranty Deed
—
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.
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