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    8247 Pittsburg NW Ave North Canton, OH 44720-5677
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    Property profile & analytics

    8247 Pittsburg NW Ave, North Canton, OH 44720-5677

    View on Map
    • Warehouses
    • 106,867 SF
    • 13.43 lot acres
    Off-Market
    Property ID
    US66-5192431
    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
    $8,155,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 8247 Pittsburg NW Ave

    Year built
    2018
    Construction
    FRAME
    Lot size
    13.43 lot acres
    Property type
    Warehouses
    APN
    10-010739
    APU
    10010739

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 17, 2019 — Arg Cdncnoho001 LLC — Grant Deed · related $204M · Keybank USA
    Jun 27, 2019 $17,600,000 Arg Cdncnoho001 LLC North Canton Pittsburg LLC Grant Deed —
    Jan 18, 2018 — Rohrer Properties Ltd Rohrer Properties Ltd Quit Claim Deed · related —
    Jan 18, 2018 $1,250,800 Jackson Township Mt Pleasant L Rohrer Properties Ltd Warranty Deed —
    Jul 20, 2011 $500,000 Kenan Advantage Group INC Rohrer Properties Ltd Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,305,000
      6.5%
      $6,745,000
      7%
      $6,265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,156,000
      Market price range: $4.80M - $9.16M
      AI Estimate
      $8,556,000
      Market price range: $2.52M - $8.56M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,590,000
      Current use
      RESTAURANT
      $12,120,000
      Change: +84% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $11,330,000
      Change: +72% Conversion: Easy
      RETAIL STORES
      $9,225,000
      Change: +40% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $9,165,000
      Change: +39% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $9,105,000
      Change: +38% Conversion: Difficult
      OFFICE BUILDING
      $8,675,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.424
    Latitude
    40.9036
    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
    $393,969
    $484,820
    $6,291,180
    $6,776,000
    -
    $1,385,200
    $17,974,800
    $19,360,000

    Comparable in this City

    • Value Estimation by Request
      3,330 SF

      6000 Frank NW Ave

      WAREHOUSE, STORAGE
      6000 Frank NW Ave, North Canton, OH 44720-7548
      View Details
    • Value Estimation by Request
      0.07 Acres

      5480 Frank NW Ave

      WAREHOUSE, STORAGE
      5480 Frank NW Ave, Canton, OH 44720-7536
      View Details
    • Value Estimation
      $1,500,000
      4,600 SF

      8423 Wales NW Ave

      MINI-WAREHOUSE, STORAGE
      8423 Wales NW Ave, North Canton, OH 44720-5351
      View Details
    • Value Estimation
      $515,000
      6,144 SF

      6616 Promway NW Ave

      WAREHOUSE, STORAGE
      6616 Promway NW Ave, North Canton, OH 44720-7316
      View Details
    • Value Estimation by Request
      7,440 SF

      7855 Freedom NW Ave

      WAREHOUSE, STORAGE
      7855 Freedom NW Ave, North Canton, OH 44720-6907
      View Details
    • Value Estimation
      $2,440,000
      48,037 SF

      9067 Pleasantwood NW Ave

      WAREHOUSE, STORAGE
      9067 Pleasantwood NW Ave, North Canton, OH 44720
      View Details

    Similar Nearby for Sale

    • 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
    • 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

    Similar Nearby for Lease

    • $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
      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
      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
    • $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
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    North Canton, OH 44720-5677
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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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