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2650 Richville Dr 15,560 SF 100% Leased Office Building Massillon, OH 44646 $2,940,482 CAD ($188.98 CAD/SF) 7.50% Cap Rate

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.
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)
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 00701515 | Total Assessment | $822,655 CAD |
| Land Assessment | $109,228 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $713,428 CAD | Tax Year | 2025 |
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
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2650 Richville Dr
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