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    6783 Wales NW Ave North Canton, OH 44720-6369
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    Property profile & analytics

    6783 Wales NW Ave, North Canton, OH 44720-6369

    View on Map
    • Retail space
    • 16,000 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US66-2006787
    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.
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 6783 Wales NW Ave

    Year built
    1969
    Construction
    BRICK
    Lot size
    0.53 lot acres
    Property type
    Retail space
    APN
    16-28437
    APU
    1628437

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 22, 2018 $275,000 Msfmltd Pand Propertiesllc Warranty Deed —
    Sep 1, 2017 $125,000 Pand Properties LLC Ohio Kentucky Oil Corp Warranty Deed —
    Jul 20, 2004 — Board Of Stark Cnty Commissioners Ohio Kentucky Oil Corp Warranty Deed · related —
    — — Ohio Kentucky Oil Corp — Deed Of Trust · related $4.1M · Nonneman Frederick E Trust (pt

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $481,000
      Market price range: $482k - $1.26M

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.48
    Latitude
    40.8792
    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
    $14,005
    $71,230
    $169,440
    $240,670
    -
    $203,500
    $484,100
    $687,600

    Comparable in this City

    • Value Estimation
      $1,005,000
      14,356 SF

      6815 Whipple NW Ave

      RETAIL STORES (PERSONAL SERVICES)
      6815 Whipple NW Ave, North Canton, OH 44720-7335
      View Details
    • Value Estimation by Request
      2,400 SF

      6734 Wise NW Ave

      RETAIL STORES (PERSONAL SERVICES)
      6734 Wise NW Ave, North Canton, OH 44720-7357
      View Details
    • Value Estimation
      $2,690,000
      4,993 SF

      6862 Sunset Strip NW Ave

      RETAIL STORES (PERSONAL SERVICES)
      6862 Sunset Strip NW Ave, North Canton, OH 44720-7088
      View Details
    • Value Estimation by Request
      3,812 SF

      101 Main St

      RETAIL STORES (PERSONAL SERVICES)
      101 Main St, North Canton, OH 44720-3021
      View Details
    • Value Estimation
      $680,000
      3.10 Acres

      Cleveland NW Ave

      RETAIL STORES (PERSONAL SERVICES)
      Cleveland NW Ave, North Canton, OH 44720
      View Details
    • Value Estimation by Request
      3,486 SF

      120 Applegrove NE St

      RETAIL STORES (PERSONAL SERVICES)
      120 Applegrove NE St, North Canton, OH 44720-1608
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,247 SF

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      Retail space in the heart of Belden Village retail area.
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    • $199,900
      0.13 Acres

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      Mixed-use property with commercial space and residential income.
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      Papa John's Leased Investment Property

      Leased Papa John's on Main St with future development potential.
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    • $850,000

      Retail Building in Stark County

      7,056 SF retail property in a thriving market.
      531-533 N Main St, North Canton, OH 44720
      View Details
    • $1,350,000
      1.90 Acres

      North Canton Redevelopment Opportunity

      Prime Retail Land, High Traffic Area
      1136 Main St, North Canton, OH 44720
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,590 SF

      Retail Space on Strip Avenue

      Retail space available in a large shopping center.
      6787-6791 Strip Ave NW, Canton, OH 44720
      View Details
    • Contact for pricing
      7,862 SF

      Retail Space on Strip Avenue

      Retail space available in a prominent shopping center.
      6338 Strip Ave NW, North Canton, OH 44720
      View Details
    • $20 SF/Yr
      50,965 SF

      Retail Space For Rent

      Retail space available for rent in North Canton, Ohio.
      Wales Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      1,560 SF

      North Canton Retail Space Available

      Redesigned retail space in North Canton, available Spring 2026.
      1200 N Main St, North Canton, OH 44720
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in North Canton

      Retail space available in a large shopping center.
      4720 Mega St NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space on Main Street

      Retail space with dock door and high visibility available.
      938 S Main St, North Canton, OH 44720
      View Details
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    North Canton, OH 44720-6369
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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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    6783 Wales NW Ave, North Canton, OH, 44720
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