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

    7313 Whipple NW Ave North Canton, OH 44720-7139

    • Bowling alleys
    • 33,952 SF
    • 4.34 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2023
    $1,900,000
    Value Estimations
    $2,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1877569
    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

    • Bowling alleys

    Property Details for 7313 Whipple NW Ave

    Year built
    1977
    Construction
    BRICK
    Lot size
    4.34 lot acres
    Property size
    33,952 SF
    Property type
    Bowling alleys
    APN
    16-23097
    APU
    1623097

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,085,000
      ML approach
      $2,110,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,233,000
      Market price range: $635k - $1.29M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,360,000
      AUTO REPAIR, GARAGE
      $2,335,000
      RETAIL STORES
      $1,810,000
      APARTMENT HOUSE (5+ UNITS)
      $1,550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4245
    Latitude
    40.8875
    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
    $31,143
    $237,410
    $296,560
    $533,970
    -
    $678,300
    $847,300
    $1,525,600

    Comparable in this City

    • Value Estimation
      $1,070,000
      35,790 SF

      8319 Prt Jackson NW Ave

      RECREATIONAL, ENTERTAINMENT • 35,790 SF
      8319 Prt Jackson NW Ave, North Canton, OH 44720-5465
      View Details
    • Value Estimation by Request
      8,260 SF

      341 Wise NE Ave

      RECREATIONAL, ENTERTAINMENT • 8,260 SF
      341 Wise NE Ave, North Canton, OH 44720
      View Details
    • Value Estimation
      $1,680,000
      49,999 SF

      5617 Portage NW St

      RECREATIONAL, ENTERTAINMENT • 49,999 SF
      5617 Portage NW St, North Canton, OH 44720-6745
      View Details
    • Value Estimation by Request
      30.49 Acres

      Applegrove SW St

      GOLF COURSE • 30.49 Acres
      Applegrove SW St, North Canton, OH 44720
      View Details
    • Value Estimation
      $925,000
      69,480 SF

      4720 Mega NW St

      THEATER (MOVIE) • 69,480 SF
      4720 Mega NW St, North Canton, OH 44720-9200
      View Details
    • Value Estimation by Request
      3,840 SF

      4740 Massillon Rd

      RECREATIONAL, ENTERTAINMENT • 3,840 SF
      4740 Massillon Rd, North Canton, OH 44720-1166
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Renovated Sports Facility on 16.3 Acres

      51,767 SF sports facility on 16.3 acres near I-77.
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      View Details
    • Contact for pricing
      1.00 Acre

      Costco Anchored Outparcels

      Prime North Canton development land
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    • $650,000
      2.79 Acres

      North Canton Commercial Land - 2.79 Acres

      Prime Commercial Land, North Canton, Ohio
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    • $941,000
      3,960 SF

      Sherwin-Williams Net Lease Retail

      Prime Ohio storefront, strong tenant, high NOI.
      6483 Dressler Rd, North Canton, OH 44720
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    • $2,295,000

      17 Acres in North Canton

      17 acres in a newly developed North Canton area.
      9520 Cleveland Ave NW, North Canton, OH 44720
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    • $950,000

      Commercially Zoned Land For Sale

      3.06 acres of commercially zoned land in North Canton.
      8362 Cleveland Ave NW, North Canton, OH 44720
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    Similar Nearby for Lease

    • Contact for pricing
      4,242 SF

      North Canton Retail Space For Lease

      Prime Retail Strip Center, 2,350 SF Available
      4300 Portage St, North Canton, OH 44720
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    • Contact for pricing
      274,646 SF

      Prime North Canton Warehouse

      274,646 SF Warehouse - Available Now
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      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
    • Contact for pricing
      13,076 SF

      Dominant Regional Power Center Space

      Retail space in a top-quality regional power center.
      5551-5577 Dressler Rd NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      72,460 SF

      Office Suites in Hoover District

      Office suites available in the heart of Downtown North Canton.
      339 E Maple St, 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 44720-7139
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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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