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Property profile & analytics
FOR LEASE
Distribution centers
8000 Freedom Ave NW North Canton, OH 44720
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-5296412
For Lease
1 / 84
$4,080,000
8000 Freedom Ave NW, North Canton, OH 44720
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1983
Construction
BRICK
Total area
53,502 SF
Lot
11.93 ac (519,671 SF)
APN
10-007652
UPID
US66-5296412
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
$3.38M
Comparable Approach
Comparable
$4.58M
Blend (final)
Blend
$4.08M
Owner & transaction history
Napier Ohio Dev LLC · 18 yrs held
Napier Ohio Dev LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.1M
+83.9%
Auto repair, garage
$5.7M
+71.9%
Retail stores
$4.6M
+40.0%
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%
$3,660,000
6.5%
$3,375,000
7%
$3,135,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,300,000
Current use
RESTAURANT
$6,070,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,670,000
Change: +72% · Conversion: Easy
RETAIL STORES
$4,620,000
Change: +40% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,590,000
Change: +39% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,560,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$4,345,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$4.08M
Range $3.67M – $4.49M · ±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
$76 / 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
$121,136
Tax year 2023
Assessed value
$2,079,250
Assessed 2023
Previous assessed
$2,079,250
+0.0% YoY
Effective rate
5.83%
On assessed value
Assessed land
$191,490
Assessed improvement
$1,887,760
Land market value
$547,100
Improvement market value
$5,393,600
Total market value
$5,940,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1983
Construction
BRICK
Heating
YES
Cooling
NONE
Buildings
15
Stories
1
Units
1
Bathrooms
20
Total area
53,502 SF
Lot
11.93 ac (519,671 SF)
APN
10-007652
UPID
US66-5296412
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
WAREHOUSE, STORAGE Current
Est. value
$3.3M
RESTAURANT
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.7M
RETAIL STORES
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.3M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1983
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
15
Units
1
Bathrooms
20
Lot
11.93 ac
Current owner
From public records · entity-resolved
Napier Ohio Dev LLC
Entity
Free & Clear · 18 yrs held
Mailing address
6494 FRIARSGATE DR NW, CANTON, OH 44718-2289
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2022
—
Nod Real Estate LLC
—
Deed
related
$10,000 · Civista Bank
May 29, 2020
—
Nod Real Estate LLC
—
Deed
related
$6,000,000 · Civista Bank
Mar 27, 2019
—
Nod Real Estate LLC
—
Deed
related
$410,000 · Civista Bank
May 31, 2017
—
Nod Real Estate LLC
—
Deed
related
$2,400,000 · Civista Bank
Dec 10, 2012
—
Napier Ohio Dev LLC
—
Grant Deed
related
$1,119,896 · Rodney L Napier
Mar 27, 2008
$6,250,000
Napier Ohio Dev LLC
Owner Name Unavailable
Grant Deed
—
—
—
Nod Real Estate LLC
—
Deed Of Trust
related
$150,000 · Rodney L Napier
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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