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

    715 2Nd St Canton, OH 44707

    • Warehouses
    • 18,624 SF
    • 0.18 lot acres
    For Lease
    View listing
    $5 SF/Yr
    Value Estimations
    $325,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2289267
    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

    • Refuge of Hope Ministries / Homeless Shelter / Clothing Supplier

    Property Details for 715 2Nd St

    Year built
    1915
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    18,624 SF
    Property type
    Warehouses
    APN
    02-42252
    APU
    242252

    Description

    This exceptional 18,624-square-foot warehouse, situated in downtown Canton, Ohio, presents a unique investment opportunity. Built in 1915, this two-story Class C industrial building sits on a 0.258-acre lot and is zoned I-1. The property features a single-tenant occupancy and boasts impressive features ideal for a variety of uses. Access is provided by one 12' x 12' overhead door and one 10' x 9' overhead door, complemented by removable interior docks. Heavy lifting is facilitated by a 20-ton crane. Clear heights are substantial, measuring 26 feet on the ground floor, 14 feet under the hook on the upper levels, and 11 feet in the basement. The second floor, easily adaptable for office space, is conveniently served by a freight elevator connecting all levels. The property's unique history and substantial size make it an attractive option for businesses seeking a distinctive industrial space in a vibrant urban setting. The Stark County location offers convenient access to transportation routes and local amenities. Property APN numbers are 242247 and 242252. There are no designated parking spaces on the property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $298,000
      Market price range: $298k - $1.60M
      AI Estimate
      $391,000
      Market price range: $391k - $1.30M

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3692
    Latitude
    40.7968
    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
    $953
    $4,660
    $7,560
    $12,220
    -
    $13,300
    $21,600
    $34,900

    Comparable in this City

    • Value Estimation
      $260,000
      0.10 Acres

      1312 4th SE St

      WAREHOUSE, STORAGE • 0.10 Acres
      1312 4th SE St, Canton, OH 44707-3243
      View Details
    • Value Estimation
      $60,000
      0.04 Acres

      7th SW St

      WAREHOUSE, STORAGE • 0.04 Acres
      7th SW St, Canton, OH 44707
      View Details
    • Value Estimation
      $245,000
      0.39 Acres

      618 Mulberry SE Rd

      WAREHOUSE, STORAGE • 0.39 Acres
      618 Mulberry SE Rd, Canton, OH 44707-3254
      View Details
    • Value Estimation
      $255,000
      0.07 Acres

      1000 Tuscarawas E St

      WAREHOUSE, STORAGE • 0.07 Acres
      1000 Tuscarawas E St, Canton, OH 44707-3155
      View Details
    • Value Estimation
      $255,000
      0.18 Acres

      2000 Waynesburg SE Dr

      WAREHOUSE, STORAGE • 0.18 Acres
      2000 Waynesburg SE Dr, Canton, OH 44707-2146
      View Details
    • Value Estimation by Request
      0.18 Acres

      5782 Waynesburg SE Dr

      WAREHOUSE, STORAGE • 0.18 Acres
      5782 Waynesburg SE Dr, Canton, OH 44707
      View Details

    Similar Nearby for Sale

    • $249,000
      10,056 SF

      Mixed-Use Property with Redevelopment Potential

      Vacant multi-use property with office, warehouse, and bar spaces.
      407 High Ave SW, Canton, OH 44707
      View Details
    • $200,000

      Canton Warehouse with Multiple Doors

      Warehouse featuring multiple drive-in doors and Reznor heat.
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    • $429,000
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      Canton Commercial Buildings For Sale

      Two buildings totaling 9,100 SF, zoned light industrial (I-1).
      1107 Melchoir Pl SW, Canton, OH 44707
      View Details
    • $49,900
      0.93 Acres

      Industrial Land: Canton, OH

      0.93-acre lot, I2 zoning, prime location.
      1851 Steinway Blvd, Canton, OH 44707
      View Details
    • $158,800
      3.97 Acres

      Canton Industrial Land - 3.97 Acres

      Prime Canton industrial lot, I-2 zoning.
      0 Belden Ave, Canton, OH 44707
      View Details
    • $249,000

      Canton Industrial Land: Prime Location

      $249,000 Industrial Land with Multiple Bays
      1628 Usa, Canton, OH 44707
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      18,624 SF

      Canton Brewery Building For Lease

      Historic Warehouse, 18,624 SF
      715 2Nd St, Canton, OH 44707
      View Details
    • $6,700 /Mo
      39,248 SF

      Updated Warehouse in Canton, OH

      Spacious, updated warehouse with loading dock and expansion potential.
      1220 5Th St SW, Canton, OH 44707
      View Details
    • $6,500 /Mo

      Corner Lot Commercial Land Available

      Two parcels of commercial land for rent on corner lot.
      1900-1914 Tuscarawas St W, Canton, OH 44707
      View Details
    • Contact for pricing
      1,275 SF

      Neighborhood Shopping Center Space

      Service-oriented shopping center with diverse co-tenants and convenient access.
      3001-3049 Cleveland Ave Southwest, Canton, OH 44707
      View Details
    • Contact for pricing
      130,433 SF

      Canton Office Space for Lease

      Prime Canton location, flexible office suites.
      3013 Cleveland Ave, Canton, OH 44707
      View Details
    • $12 SF/Yr
      2,264 SF

      Retail Unit For Lease

      2264 sq ft multi-use retail unit available for lease.
      4403 Cleveland Ave Nw, Canton, OH 44707
      View Details
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    Canton, OH 44707
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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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