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    7948 Freedom Ave Nw North Canton, OH 44720
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    Property profile & analytics

    7948 Freedom Ave Nw North Canton, OH 44720

    View on Map
    • Distribution centers
    • 21,920 SF
    • 2.41 lot acres
    For Lease
    $6 SF/Yr
    View Listing →
    High Bay Warehouse Space Available For Lease
    $6 SF/Yr
    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
    View Listing
    Property ID
    US66-1917521
    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
    $1,030,000
    Cap Rate Potential
    8.7%
    Distribution centers
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 7948 Freedom Ave Nw

    Year built
    1967
    Construction
    BRICK
    Lot size
    2.41 lot acres
    Property size
    21,920 SF
    Property type
    Distribution centers
    APN
    16-00562
    APU
    1600562

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,030,000
      ML approach
      $1,030,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,500,000
      6.5%
      $1,385,000
      7%
      $1,285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,090,000
      Market price range: $985k - $1.88M
      AI Estimate
      $793,000
      Market price range: $518k - $1.76M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,350,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4267
    Latitude
    40.8961
    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
    $18,594
    $143,220
    $175,670
    $318,890
    -
    $409,200
    $501,900
    $911,100

    Comparable in this City

    • Value Estimation
      $2,600,000
      38,760 SF

      7835 Freedom NW Ave

      DISTRIBUTION WAREHOUSE • 38,760 SF
      7835 Freedom NW Ave, North Canton, OH 44720-6907
      View Details
    • Value Estimation
      $6,545,000
      128,458 SF

      8400 Prt Jackson NW Ave

      DISTRIBUTION WAREHOUSE • 128,458 SF
      8400 Prt Jackson NW Ave, North Canton, OH 44720-5464
      View Details
    • Value Estimation
      $555,000
      9,200 SF

      7575 Supreme NW St

      DISTRIBUTION WAREHOUSE • 9,200 SF
      7575 Supreme NW St, North Canton, OH 44720-6917
      View Details
    • Value Estimation
      $650,000
      10,158 SF

      3516 Highland NW Park

      DISTRIBUTION WAREHOUSE • 10,158 SF
      3516 Highland NW Park, North Canton, OH 44720-4532
      View Details
    • Value Estimation by Request
      14,250 SF

      6410 Wise NW Ave

      DISTRIBUTION WAREHOUSE • 14,250 SF
      6410 Wise NW Ave, North Canton, OH 44720-7351
      View Details
    • Value Estimation by Request
      2,912 SF

      2199 Greensburg Rd

      Automotive properties • 2,912 SF
      2199 Greensburg Rd, North Canton, OH 44720
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      61,000 SF

      61,000 SF Canton Warehouse

      Available October 2025, 61,000 SF warehouse near US-30/OH-43.
      430 6Th St Se, Canton, OH 44720
      View Details
    • $1,300,000
      20,700 SF

      Jackson Township Warehouse on Promler

      20,700 SF warehouse with I-77 visibility on 2.03 acres.
      6505 Promler Ave Northwest, North Canton, OH 44720
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    • 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
      1,037 SF

      North Canton Office Condo Opportunity

      Commercial office condo in prime North Canton location for sale.
      1225 S Main St, North Canton, OH 44720
      View Details
    • Contact for pricing

      Land Near Belden Village

      Commercial land with easy access to I-77.
      6721 Wise Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      3,960 SF

      Excellent Visibility Corporate Guaranteed Property

      Double NN Lease with minimal landlord responsibilities and strong demographics.
      6483 Dressler Rd NW, North Canton, OH 44720
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      100,000 SF

      Massillon Road Distribution Center

      Class A distribution facility near Akron/Canton Airport.
      5555 Massillon Rd, 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
    • $6 SF/Yr
      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
    • 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
    • Contact for pricing

      Warehouse Space with Overhead Doors

      2,160 SF warehouse featuring five overhead doors for rent.
      6830 Wise 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.
      7579 Freedom Ave NW, 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.

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