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Investment Highlights

  • Offered at $2,120,000 with a 7.5% capitalization rate.
  • Income-producing investment with established cash flow characteristics.
  • Attractive acquisition for investors targeting yield-focused real estate investments.
  • Structured to accommodate 1031 exchange buyers seeking replacement property opportunities.
  • Opportunity to acquire a commercial asset in the Massillon, Ohio market.
  • Sale terms positioned to support tax-deferred exchange strategies.

Executive Summary

2650 Richville Drive offers investors the opportunity to acquire a net-leased commercial asset in Massillon, Ohio, at a sale price of $2,120,000. The property is being marketed at a 7.5% capitalization rate, providing an established income stream and a clearly defined return profile for investors seeking stable cash-flow-producing real estate.
Located within the Canton-Massillon metropolitan area, the property benefits from access to a regional economic base supported by manufacturing, healthcare, logistics, retail, and professional services employers. Its position within Stark County provides connectivity to major transportation corridors serving Northeast Ohio, supporting long-term tenant accessibility and market relevance.
The offering is well suited for investors seeking a replacement asset for a 1031 exchange. The combination of in-place income, a defined cap rate, and exchange-friendly sale structure presents an opportunity for buyers looking to preserve capital gains while transitioning into a stabilized investment property. Whether acquired as part of a portfolio strategy or as a standalone investment, the asset offers a straightforward acquisition profile with immediate income potential.
With a purchase price of $2,120,000 and a 7.5% cap rate, 2650 Richville Drive presents an opportunity to secure a commercial investment property designed to meet the objectives of yield-oriented investors and 1031 exchange buyers seeking long-term income generation and asset preservation.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
15,560 SF
Building Class
B
Year Built
2004
Price
$2,940,482 CAD
Price Per SF
$188.98 CAD
Cap Rate
7.50%
NOI
$220,536 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,560 SF
Building FAR
0.14
Lot Size
2.50 AC
Parking
91 Spaces (5.85 Spaces per 1,000 SF Leased)
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
00701515
Land Assessment
$109,228 CAD
Improvements Assessment
$713,428 CAD
Total Assessment
$822,655 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 41772598

  • Date on Market: 2026-08-17

  • Last Updated:

  • Address: 2650 Richville Dr, Massillon, OH 44646

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