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

    6742 Wise NW Ave North Canton, OH 44720-7357

    • Warehouses
    • 4,050 SF
    • 0.45 lot acres
    OFF-MARKET
    Last Sale
    Jun 10, 2024
    $400,000
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    4.2%
    Warehouses
    Location Intelligence
    Property ID
    US66-1429421
    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

    • Warehouses

    Property Details for 6742 Wise NW Ave

    Year built
    1962
    Construction
    BRICK
    Lot size
    0.45 lot acres
    Property size
    4,050 SF
    Property type
    Warehouses
    APN
    55-02584
    APU
    5502584

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $400,000
      ML approach
      $400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $275,000
      6.5%
      $255,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $282,000
      Market price range: $182k - $347k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $250,000
      Current use
      AUTO REPAIR, GARAGE
      $430,000
      Change: +72% Conversion: Easy
      RETAIL STORES
      $350,000
      Change: +40% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $345,000
      Change: +39% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $345,000
      Change: +38% Conversion: Difficult
      OFFICE BUILDING
      $330,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4213
    Latitude
    40.8805
    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
    $6,413
    $54,150
    $28,600
    $82,750
    -
    $154,700
    $81,700
    $236,400

    Comparable in this City

    • Value Estimation
      $80,000
      4,920 SF

      4611 Emmett Boyd NW Cir

      WAREHOUSE, STORAGE • 4,920 SF
      4611 Emmett Boyd NW Cir, North Canton, OH 44720
      View Details
    • Value Estimation
      $1,070,000
      106,867 SF

      8247 Pittsburg NW Ave

      WAREHOUSE, STORAGE • 106,867 SF
      8247 Pittsburg NW Ave, North Canton, OH 44720-5677
      View Details
    • Value Estimation
      $485,000
      7,200 SF

      7786 Freedom NW Ave

      WAREHOUSE, STORAGE • 7,200 SF
      7786 Freedom NW Ave, North Canton, OH 44720-6956
      View Details
    • Value Estimation
      $1,010,000
      5,280 SF

      501 Applegrove NW St

      WAREHOUSE, STORAGE • 5,280 SF
      501 Applegrove NW St, North Canton, OH 44720-1619
      View Details
    • Value Estimation
      $540,000
      6,000 SF

      435 Applegrove NW St

      WAREHOUSE, STORAGE • 6,000 SF
      435 Applegrove NW St, North Canton, OH 44720-1617
      View Details
    • Value Estimation
      $1,190,000
      32,280 SF

      3160 Bretton NW St

      WAREHOUSE, STORAGE • 32,280 SF
      3160 Bretton NW St, North Canton, OH 44720-5686
      View Details

    Similar Nearby for Sale

    • $1,300,000
      20,700 SF

      Jackson Township Warehouse on Promler

      20,700 SF warehouse with I-77 visibility on 2.03 acres.
      6505 Promler Ave Northwest, North Canton, OH 44720
      View Details
    • $1,300,000
      20,700 SF

      Jackson Township Warehouse with Expansion

      20,700 SF warehouse on 2.03 acres, visible from I-77.
      6505 Promler St NW, North Canton, OH 44720
      View Details
    • $1,995,000
      61,000 SF

      61,000 SF Canton Warehouse

      Available October 2025, 61,000 SF warehouse near US-30/OH-43.
      430 6Th St Se, Canton, OH 44720
      View Details
    • $249,900
      4.65 Acres

      Prime Greenville Retail Opportunity

      3-Acre Site, 6,000 SF Building
      0 Whipple Ave, North Canton, OH 44720
      View Details
    • $5,660,000
      56.60 Acres

      North Canton Industrial Land

      56.6 Acres, I-1 Zoning, $5.66M
      5071 Massillon Rd, North Canton, OH 44720
      View Details
    • $1,327,500
      5.30 Acres

      Prime 5.3-Acre Industrial Land

      North Canton, OH commercial/industrial land. I-77 access.
      8355 Pittsburg Ave, North Canton, OH 44720
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      128,308 SF

      Available Industrial Space Near Airport

      128,308 SF industrial space with highway access and generators.
      5995 Mayfair Rd, North Canton, OH 44720
      View Details
    • $1,666 /Mo
      3,900 SF

      North Canton Warehouse for Lease

      2,200 SF warehouse space with five overhead doors.
      6830 Wise Ave NW, North Canton, OH 44720
      View Details
    • $8 SF/Yr
      49,600 SF

      North Canton Flex Space Available

      12,600 SF flex space for lease in North Canton.
      7579 Freedom Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      274,646 SF

      Prime North Canton Warehouse

      274,646 SF Warehouse - Available Now
      2100 International Pkwy, North Canton, OH 44720
      View Details
    • Contact for pricing
      81,250 SF

      North Canton Warehouse Space Available

      Warehouse and industrial space available for lease in North Canton.
      7774-7810 Whipple Ave NW, North Canton, OH 44720
      View Details
    • $10,000 /Mo
      15,189 SF

      North Canton Warehouse with Renovations

      Renovated 15,000 SF warehouse in high-traffic North Canton corridor.
      4430 Portage St Nw, North Canton, OH 44720
      View Details
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    North Canton, OH 44720-7357
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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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