Entity Owned 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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$435k
Owner & transaction history
Zoning & alternative use
Top alternative use upside
Medical building
$1.1M
+68.5%
Office building
$1.0M
+59.0%
Restaurant
$920,000
+45.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$435k
Value range
$392k – $479k
±10% around blend
Estimated value / SF
$54 / SF
Confidence
Property data
88
Comparable evidence
60
$392k
blend $435k
$479k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,012 SF
Lot area
5.94 ac
Year built
1993
Stories
1
APN
16-16263
Assessed value
$651,570
Annual tax
$38,016
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$435k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+69%
vs current-use indication
Office Building
Restaurant
Laundromat (self-service) · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$652k
Move the market yield to see immediate price impact.
Value / SF
$81
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$41k
$821k
$586k
$456k
$46k
$912k
$652k
$507k
$50k
$1.00M
$717k
$557k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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