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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Individual retail properties
7944 Whipple NW Ave North Canton, OH 44720-6930
Entity Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1235604
Property summary
AI-generated overview
This exceptional investment opportunity presents a 38,525-square-foot industrial property in North Canton, Ohio. The property boasts a strong 7.84% cap rate and a substantial net operating income (NOI) of $231,150. Currently 100% occupied under a triple-net (NN) lease with a publicly traded tenant, ensuring consistent cash flow through 2033 (9 years remaining). The property comprises two single-story buildings constructed in 1972, 1987, and 1989, situated on a 5.94-acre lot. The buildings feature ceiling heights ranging from 17 to 23 feet and are zoned I1. The tenant has made significant improvements to the property. Strategically located at 7944 Whipple Ave NW, North Canton, OH 44720 (Stark County), this asset offers convenient access to I-77 and is situated near the Canton-Akron Airport (CAK). Showings are available on Fridays only, following the execution of a Letter of Intent. The asking price is $2,950,000. APN: 1616263.
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1993
Construction
BRICK
Total area
8,012 SF
Lot
5.94 ac (258,746 SF)
APN
16-16263
UPID
US66-1235604
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$760k
Owner & transaction history
MERLIN MAGIC
MERLIN MAGIC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+68.5%
Office building
$1.0M
+59.0%
Restaurant
$920,000
+45.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Canton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
LAUNDROMAT (SELF-SERVICE)
$635,000
Current use
MEDICAL BUILDING
$1,065,000
Change: +69% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: +59% · Conversion: Difficult
RESTAURANT
$920,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$555,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$550,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$95 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$38,016
Tax year 2023
Assessed value
$651,570
Assessed 2023
Previous assessed
$651,570
+0.0% YoY
Effective rate
5.83%
On assessed value
Assessed land
$274,370
Assessed improvement
$377,200
Land market value
$783,900
Improvement market value
$1,077,700
Total market value
$1,861,600
Applied tax rate
130.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
1993
Construction
BRICK
Heating
YES
Cooling
NONE
Buildings
6
Stories
1
Units
1
Bathrooms
6
Total area
8,012 SF
Lot
5.94 ac (258,746 SF)
APN
16-16263
UPID
US66-1235604
Jurisdiction
STARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
LAUNDROMAT (SELF-SERVICE) Current
Est. value
$635,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$920,000
COMMERCIAL (GENERAL)
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$550,000
LAUNDROMAT (SELF-SERVICE) Current
MEDICAL BUILDING
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Units
1
Bathrooms
6
Lot
5.94 ac
Current owner
From public records · entity-resolved
MERLIN MAGIC
Individual
Free & Clear · 0 yrs held
Mailing address
7976 WHIPPLE AVE NW, NORTH CANTON, OH 44720-6930
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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