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    Aultman NW Ave North Canton, OH 44720

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    Aultman NW Ave North Canton, OH 44720

    View on Map
    • Parking lots & garages
    • 8,000 SF
    • 1.07 lot acres
    Off-Market
    Last Sale Oct 1, 2025
    $700,000
    Property ID
    US66-3344033
    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
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for Aultman NW Ave

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    1.07 lot acres
    Property size
    8,000 SF
    Property type
    Parking lots & garages
    APN
    20-00039
    APU
    2000039

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $400,000
      Market price range: $253k - $1.31M
      AI Estimate
      $595,000
      Market price range: $273k - $2.11M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $820,000
      Current use
      AUTO REPAIR, GARAGE
      $850,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $690,000
      Change: -16% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $685,000
      Change: -16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $680,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.4189
    Latitude
    40.9271
    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
    $1,491
    $21,320
    $77,070
    $98,390
    -
    $60,900
    $220,200
    $281,100

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      Main N St

      PARKING GARAGE, PARKING STRUCTURE • 5,000 SF
      Main N St, North Canton, OH 44720
      View Details
    • Value Estimation
      $515,000
      1,800 SF

      220 Applegrove NE St

      PARKING GARAGE, PARKING STRUCTURE • 1,800 SF
      220 Applegrove NE St, North Canton, OH 44720-1610
      View Details
    • Value Estimation
      $630,000
      8,674 SF

      4833 Applegrove NW St

      PARKING GARAGE, PARKING STRUCTURE • 8,674 SF
      4833 Applegrove NW St, North Canton, OH 44720-7163
      View Details
    • Value Estimation by Request
      3,517 SF

      1581 Applegrove NW St

      PARKING GARAGE, PARKING STRUCTURE • 3,517 SF
      1581 Applegrove NW St, North Canton, OH 44720-6008
      View Details
    • Value Estimation
      $1,020,000
      23,693 SF

      7250 Whipple NW Ave

      PARKING GARAGE, PARKING STRUCTURE • 23,693 SF
      7250 Whipple NW Ave, North Canton, OH 44720-7138
      View Details
    • Value Estimation by Request
      2.37 Acres

      8230 Pittsburg NW Ave

      PARKING GARAGE, PARKING STRUCTURE • 2.37 Acres
      8230 Pittsburg NW Ave, North Canton, OH 44720-5619
      View Details

    Similar Nearby for Sale

    • $349,000
      6,600 SF

      Downtown Canton Freestanding Building

      Freestanding building in downtown Canton for owner/user or redevelopment.
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      Versatile Commercial Property with Acreage

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      Prime Belden Village Development Site

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      Former Retail Space For Sale

      10,036 SF retail space available for sale or lease.
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      Papa John's Leased Investment Property

      Leased Papa John's on Main St with future development potential.
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    Similar Nearby for Lease

    • $7 SF/Yr
      3,500 SF

      Retail Space on Main Street

      Retail space with dock door and high visibility available.
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      Retail Space in High-Traffic Area

      Retail space available in a busy, high-traffic location.
      4300 Portage St NW, North Canton, OH 44720
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in North Canton

      Retail space available in a large shopping center.
      4720 Mega St NW, North Canton, OH 44720
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    • Contact for pricing

      Dominant Regional Power Center

      Top quality retail asset in North Canton, Ohio market.
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      View Details
    • Contact for pricing
      46,042 SF

      Dominant Regional Power Center Space

      Retail space in a top-quality regional power center.
      5577 Dressler Rd NW, North Canton, OH 44720
      View Details
    • $28 SF/Yr
      1,560 SF

      North Canton Retail Space Available

      Redesigned retail space in North Canton, available Spring 2026.
      1200 N Main St, North Canton, OH 44720
      View Details
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    Aultman NW Ave
    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.

    More about this property
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