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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    The Ojays NE Pkwy Canton, OH 44705

    • Parking lots & garages
    • 2,170 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3904202
    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.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for The Ojays NE Pkwy

    Lot size
    0.05 lot acres
    Property size
    2,170 SF
    Property type
    Parking lots & garages
    APN
    02-37233
    APU
    237233

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $225,000
      Current use
      MEDICAL BUILDING
      $385,000
      Change: +72% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $230,000
      Change: +3% Conversion: Difficult
      RETAIL STORES
      $185,000
      Change: -16% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $185,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Stark
    State
    Ohio
    Longitude
    -81.3561
    Latitude
    40.8066
    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
    $71
    $350
    $490
    $840
    -
    $1,000
    $1,400
    $2,400

    Comparable in this City

    • Value Estimation
      $255,000
      0.02 Acres

      1462 Gibbs NE Ave, Unit 1464

      PARKING GARAGE, PARKING STRUCTURE • 0.02 Acres
      1462 Gibbs NE Ave, Canton, OH 44705-1200
      View Details
    • Value Estimation
      $260,000
      0.47 Acres

      3315 Harmont NE Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.47 Acres
      3315 Harmont NE Ave, Canton, OH 44705-4218
      View Details
    • Value Estimation
      $250,000
      0.09 Acres

      Mahoning NE Rd

      PARKING GARAGE, PARKING STRUCTURE • 0.09 Acres
      Mahoning NE Rd, Canton, OH 44705
      View Details
    • Value Estimation
      $260,000
      1,500 SF

      Fletcher NE Ave

      PARKING GARAGE, PARKING STRUCTURE • 1,500 SF
      Fletcher NE Ave, Canton, OH 44705
      View Details
    • Value Estimation
      $260,000
      2,244 SF

      Mahoning NE Rd

      PARKING GARAGE, PARKING STRUCTURE • 2,244 SF
      Mahoning NE Rd, Canton, OH 44705
      View Details
    • Value Estimation
      $205,000
      2,880 SF

      2114 Harmon NE St

      PARKING GARAGE, PARKING STRUCTURE • 2,880 SF
      2114 Harmon NE St, Canton, OH 44705-2352
      View Details

    Similar Nearby for Sale

    • $329,000
      0.69 Acres

      Turnkey Restaurant on State Route

      Commercial property with fully operational restaurant in high-traffic location.
      3020 Harrisburg Rd NE, Canton, OH 44705
      View Details
    • $2,550,000
      101,559 SF

      Redevelopment Opportunity on Atlantic Blvd

      101,000 SF retail/industrial building on 8.07 acres.
      3000 Atlantic Blvd NE, Canton, OH 44705
      View Details
    • $450,000
      0.36 Acres

      Canton Retail Opportunity For Sale

      Retail property with high visibility and easy access to major routes.
      2105 Columbus Rd NE, Canton, OH 44705
      View Details
    • $301,000

      Plain Township Land For Sale

      6.31 acres of land in Plain Township, zoned I-1.
      2807 Columbus Rd NE, Canton, OH 44705
      View Details
    • $299,900
      9,024 SF

      Canton Warehouse: Huge Potential

      9,000 sq ft warehouse, 0.65 acres
      1905 23Rd St, Canton, OH 44705
      View Details
    • $175,000
      3,700 SF

      700 sf office building. Office area has 10 offices

      a conference room and a storage room. Property is mostly fenced in.\r\n \r\n """"}"""
      2318 13Th St, Canton, OH 44705
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      362,855 SF

      Former Recreation Center For Lease

      Versatile Canton property suitable for fitness, daycare, or community programs.
      2600 25Th St NE, Canton, OH 44705
      View Details
    • $8 SF/Yr
      21,920 SF

      Canton Retail Space - Mahoning Rd NE

      Prime Canton retail space, flexible layouts available.
      2901 Mahoning Rd, Canton, OH 44705
      View Details
    • Contact for pricing
      7 SF

      Commercial Outlot Near Aldi

      0.75 acre commercial outlot for lease near Aldi.
      3801 Harmont Ave NE, Canton, OH 44705
      View Details
    • Contact for pricing

      0.75 Acre Out Parcel

      0.75 acre parcel near Route 62 and Harmont Ave.
      3715 Harmont Ave NE, Canton, OH 44705
      View Details
    • $500 /Mo
      9,024 SF

      Warehouse Suites Available For Lease

      Two warehouse suites available for lease, can be combined.
      1905 23Rd St NE, Canton, OH 44705
      View Details
    • $4 SF/Yr
      25,785 SF

      Warehouse and Office Space Available

      Warehouse and office space for lease with high visibility.
      2580 Atlantic Blvd Ne, Canton, OH 44705
      View Details
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    The Ojays NE Pkwy
    Canton, OH 44705
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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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