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    7774 Whipple Ave NW North Canton, OH 44720
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    Property profile & analytics

    7774 Whipple Ave NW, North Canton, OH 44720

    View on Map
    • Distribution centers
    • 155,112 SF
    • 8.55 lot acres
    For Sale
    $5,320,000
    View Listing →
    Industrial Investment Opportunity For Sale
    $5,320,000
    135,303 SF

    Industrial Investment Opportunity

    Industrial property available for sale.

    7774 Whipple Ave NW, North Canton, OH 44720
    View Listing
    Property ID
    US66-5228724
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 7774 Whipple Ave NW

    Year built
    1969
    Construction
    BRICK
    Lot size
    8.55 lot acres
    Property type
    Distribution centers
    APN
    10-010329
    APU
    10010329

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 21, 2025 $4,900,000 North Canton Whipple LLC Gano Properties LLC Deed —
    Aug 6, 2024 $480,000 Whipple Holdings LLC Gano Properties LLC Warranty Deed $312k · The Farmers National Bank Of Canfie
    Dec 19, 2016 — Nancy E Suarez Suarez Family LP Quit Claim Deed · related —
    — — Suarez Family — Deed Of Trust · related $494k · Firstmerit Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,970,000
      Market price range: $6.97M - $13.3M
      AI Estimate
      $3,663,000
      Market price range: $3.66M - $12.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4236
    Latitude
    40.8937
    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
    $76,781
    $232,510
    $1,022,950
    $1,255,460
    -
    $664,300
    $2,922,700
    $3,587,000

    Comparable in this City

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      38,760 SF

      7835 Freedom NW Ave

      DISTRIBUTION WAREHOUSE
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    • Value Estimation
      $6,545,000
      128,458 SF

      8400 Prt Jackson NW Ave

      DISTRIBUTION WAREHOUSE
      8400 Prt Jackson NW Ave, North Canton, OH 44720-5464
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    • Value Estimation
      $555,000
      9,200 SF

      7575 Supreme NW St

      DISTRIBUTION WAREHOUSE
      7575 Supreme NW St, North Canton, OH 44720-6917
      View Details
    • Value Estimation
      $650,000
      10,158 SF

      3516 Highland NW Park

      DISTRIBUTION WAREHOUSE
      3516 Highland NW Park, North Canton, OH 44720-4532
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    • Value Estimation by Request
      14,250 SF

      6410 Wise NW Ave

      DISTRIBUTION WAREHOUSE
      6410 Wise NW Ave, North Canton, OH 44720-7351
      View Details
    • Value Estimation by Request
      4,800 SF

      4701 Eagle NW St

      DISTRIBUTION WAREHOUSE
      4701 Eagle NW St, North Canton, OH 44720-7083
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      135,303 SF

      Industrial Investment Opportunity

      Industrial property available for sale.
      7774 Whipple Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      135,303 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
      20,500 SF

      Industrial Facility in AK-CAN Park

      Well-maintained industrial facility with cranes and heavy power.
      9107 Pleasantwood Ave Nw, 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
      75,000 SF

      North Canton Industrial Facility

      Industrial facility in a professionally managed park, easy access.
      4282 Strausser St Northwest, North Canton, OH 44720
      View Details
    • $3 SF/Yr

      Versatile Industrial Property in Jackson Township

      Adaptable leasing options in a prime industrial location.
      8000 Freedom Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      21,920 SF

      High Bay Warehouse Space Available

      Clear span warehouse with docks and drive-in door for lease.
      7948 Freedom Ave Nw, North Canton, OH 44720
      View Details
    • $8 SF/Yr

      North Canton Flex Space Available

      12,600 SF flex space for lease in North Canton.
      Canton, OH 44720
      View Details
    • 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
    View Listing
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    North Canton, OH 44720
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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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    7774 Whipple Ave NW, North Canton, OH, 44720
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