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    919 Cherry St E Canal Fulton, OH 44614
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    Property profile & analytics

    919 Cherry St E, Canal Fulton, OH 44614

    View on Map
    • Community centers
    • 30,912 SF
    • 11.09 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Canal Fulton Office Space For Lease
    $15 SF/Yr

    Canal Fulton Office Space

    Office space available for lease in Canal Fulton, Ohio.

    919 Cherry St E, Canal Fulton, OH 44614
    View Listing
    Property ID
    US66-0722628
    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

    • Community centers

    Property Details for 919 Cherry St E

    Year built
    1974
    Construction
    BRICK
    Lot size
    11.09 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    95-03315
    APU
    9503315

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2022 — 919 Cherry Street LLC — Deed · related $2M · Citizens Bank NA
    Jan 25, 2013 $338,000 919 Cherry Street LLC Ib Property Holdings LLC Grant Deed —
    Oct 7, 2010 $800,000 Ib Property Holdings LLC Sheriff Of Stark County Trustees Deed · related —
    Jan 15, 2008 $1,300,000 Jasvinder S Mudher Lockhart Dev Warranty Deed $910k · Interbay Funding LLC

    Description

    Heritage Square Plaza, located at 919 Cherry St E in Canal Fulton, Ohio (zip code 44614), offers flexible office space for lease. This Class B property, built in 1974, comprises a single two-story building totaling 39,908 square feet situated on a 9.59-acre lot (417,740 square feet). The property is zoned B1 and currently features multiple tenants. The building offers a variety of office space configurations, suitable for traditional office uses, coworking setups, or creative office environments. Units range from a minimum of 596 square feet to a maximum contiguous space of 1,595 square feet. Currently, 2,191 square feet of space is available for lease. The property features ample parking to accommodate tenants and their clients. While there are no elevators, the building is only two stories. The property is ideally situated in Stark County, Ohio, providing easy access to local amenities and transportation routes. Interested parties should inquire about available space and lease terms. This is a great opportunity to secure office space in a well-maintained building with a variety of options to suit different business needs. The property's location and flexible space options make it an attractive choice for businesses of all sizes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $791,000
      Market price range: $702k - $1.70M

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

    Location Insight

    • Map
    • Local Demand
    City
    Canal Fulton
    County
    Stark
    State
    Ohio
    Longitude
    -81.5879
    Latitude
    40.895
    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
    $21,069
    $75,290
    $383,010
    $458,300
    -
    $215,100
    $1,094,300
    $1,309,400

    Comparable in this City

    • Value Estimation
      $1,710,000
      19,440 SF

      2105 Locust S St

      MINI-MALL
      2105 Locust S St, Canal Fulton, OH 44614-9339
      View Details
    • Value Estimation
      $1,100,000
      12,633 SF

      2166 Locust S St

      SHOPPING CENTER, STRIP CENTER
      2166 Locust S St, Canal Fulton, OH 44614-9468
      View Details
    • Value Estimation
      $1,090,000
      7,500 SF

      2406 Locust S St

      WHOLESALE OUTLET, DISCOUNT STORE
      2406 Locust S St, Canal Fulton, OH 44614-9390
      View Details
    • Value Estimation
      $5,110,000
      26,847 SF

      2490 Locust S St

      WHOLESALE OUTLET, DISCOUNT STORE
      2490 Locust S St, Canal Fulton, OH 44614-9394
      View Details
    • Value Estimation
      $700,000
      6,468 SF

      987 Cherry E St

      SHOPPING CENTER, STRIP CENTER
      987 Cherry E St, Canal Fulton, OH 44614-9656
      View Details
    • Value Estimation
      $1,705,000
      10,713 SF

      Portage NW St

      WHOLESALE OUTLET, DISCOUNT STORE
      Portage NW St, Canal Fulton, OH 44614
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,824 SF

      Retail Property in Canal Fulton

      Retail property available for sale in Canal Fulton, Ohio.
      2105 Locust St S, Canal Fulton, OH 44614
      View Details
    • $95,000
      0.42 Acres

      Residential Homesite in Lakewood Estates

      Premium homesite in Canal Fulton's desirable Lakewood Estates community.
      27 E Lakewood Dr, Canal Fulton, OH 44614
      View Details
    • Contact for pricing
      10,000 SF

      Former Daycare Space For Lease

      10,000 SF former daycare space with new outdoor playground.
      2254 Locust St S, Canal Fulton, OH 44614
      View Details
    • $99,000
      0.51 Acres

      Residential Homesite in Lakewood Estates

      Premium homesite in Canal Fulton's desirable Lakewood Estates community.
      14 W Lakewood Dr, Canal Fulton, OH 44614
      View Details
    • $95,000
      0.41 Acres

      Residential Homesite in Lakewood Estates

      Premium homesite in Canal Fulton's desirable Lakewood Estates community.
      18 W Lakewood Dr, Canal Fulton, OH 44614
      View Details
    • $220,000
      5.34 Acres

      Residential Land in Canal Fulton

      5.34 acre vacant lot, perfect to build your dream home.
      Lafayette Dr NW, Canal Fulton, OH 44614
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,580 SF

      Retail Space with Drive-Thru

      1,580 sq ft retail space with drive-thru window.
      2384 Locust St S, Canal Fulton, OH 44614
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, 867 SqFt.
      2180 Locust St, Canal Fulton, OH 44614
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Canal Fulton, Ohio.
      2275 Locust St, Canal Fulton, OH 44614
      View Details
    • Contact for pricing

      Retail Property in Canal Fulton

      Retail property with 3,200 square feet of space.
      420 Beverly Ave, Canal Fulton, OH 44614
      View Details
    • Contact for pricing
      2,000 SF

      Iconic Downtown End-Cap Retail Space

      Prime retail/restaurant space in Canal Fulton's landmark building.
      128-142 N Canal St, Canal Fulton, OH 44614
      View Details
    • Contact for pricing
      700 SF

      Office Space in Heritage Square

      Office space for rent in a neighborhood plaza with ample parking.
      919 Cherry St E, Canal Fulton, OH 44614
      View Details
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    Canal Fulton, OH 44614
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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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