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    8362 Cleveland Ave NW North Canton, OH 44720
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    8362 Cleveland Ave NW North Canton, OH 44720

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    • Commercial land
    For Sale
    $950,000
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    Commercially Zoned Land For Sale For Sale
    $950,000
    3.06 Acres

    Commercially Zoned Land For Sale

    3.06 acres of commercially zoned land in North Canton.

    8362 Cleveland Ave NW, North Canton, OH 44720
    View Listing
    Property ID
    US66-2712897
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 8362 Cleveland Ave NW

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    3.06 acres of land on commercially zoned corner in North Canton, OH. Property is located 2 miles from the Akron/Canton Regional Airport. Occupied single family home currently sits on property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.40508
    Latitude
    40.907276

    Comparable in this City

    • 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

      Prime Belden Village Development Site

      Located in a high-traffic retail and dining destination.
      7160 Frank Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing

      Commercially Zoned Land For Sale

      3.06 acres of commercially zoned land in North Canton.
      8362 Cleveland Ave NW, North Canton, OH 44720
      View Details
    • $500,000
      2 SF

      2.04 Acres on Whipple Ave

      2.04 acres for sale in ideal location.
      6415 Wise Ave NW, North Canton, OH 44720
      View Details
    • $2,950,000

      Belden Village Pad Ready Sites

      Pad ready sites with utilities in Belden Village trade area.
      7140 Frank Ave NW, North Canton, OH 44720
      View Details
    • $2,295,000
      17.03 Acres

      North Canton Commercial Land Opportunity

      17 acres of commercial land in North Canton, Ohio.
      9520-9570 Cleveland Ave NW, North Canton, OH 44720
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Jackson Township Land For Sale

      Located off I-77, zoned industrial, suitable for various uses.
      Shuffel St NW, North Canton, OH 44720
      View Details
    • $450,000

      Almost One Acre Square Lot

      Almost one acre square lot for sale.
      149 Wilbur Dr NE, North Canton, OH 44720
      View Details
    • $800,000

      1.42 Acre Redevelopment Opportunity

      Corner lot with flexible zoning and full street access.
      1017-1033 North Main St, North Canton, OH 44720
      View Details
    • $300,000
      0.78 Acres

      North Canton Land For Sale

      Prime commercial/residential land near Belden Village and Hall of Fame.
      Cleveland Ave NW, 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

      Prime Belden Village Development Site

      Located in a high-traffic retail and dining destination.
      7160 Frank Ave NW, North Canton, OH 44720
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Belden Village Retail Location

      Located in a high-traffic retail and dining destination.
      7160 Frank Ave NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      4 SF

      Belden Village Prime Development Opportunity

      Prime outparcel development opportunity in Belden Village trade area.
      7160 Frank Ave Northwest, North Canton, OH 44720
      View Details
    • Contact for pricing

      Redevelopment Opportunity in North Canton

      2.25 acres of parking, retail and outlots available.
      101 E Maple St, North Canton, OH 44720
      View Details
    • Contact for pricing

      North Canton Professional Office Space

      Professional office space with high visibility and ample parking.
      1177 S Main St, North Canton, OH 44720
      View Details
    • $7 SF/Yr
      3,500 SF

      Retail Space on Main Street

      Retail space with dock door and high visibility available.
      938 S Main St, 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
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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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