Listing Agency: Platz Realty Group Show Phone

Listed By: Bill Kutlick Show Phone

Source: Moodyscre

Added: Dec 9, 2025 Changed: Oct 10 Last Checked: Oct 14 at 10:40PM

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Investment Insights

Based on property information with market context.

This freestanding flex property combines commercial building space with a heated accessory structure designed for varied operational needs. The main building includes a hood and Ansul system, walk-in cooler, restrooms, and a full kitchen. A separate outbuilding adds five garage bays and additional restroom facilities, supporting indoor vehicle storage alongside showroom, office, banquet, training, EMS, or service-oriented functions. The building was constructed in 1993.

The property occupies 1.15 acres at 1036 E State St in Alliance, Ohio, approximately one mile east of the University of Mount Union. Its combination of food-service infrastructure, garage capacity, and multi-use interior features creates a flexible setting for organizations requiring both customer-facing and operational areas.

Key Highlights

• Heated outbuilding with five garage bays
• Main building includes hood and Ansul system plus a walk‑in cooler
• Full kitchen and restroom facilities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,826

Cap Rate

3.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$476,520 $476.5K

Cap Rate 7%

$340,371 $340.4K

Cap Rate 9%

$264,733 $264.7K

Market Conditions

NOI Build-Up for 7,052 SF

Gross rent

$34.6K $4.91/SF

− Vacancy

−$589 −$0.08/SF

EGI

$34.0K $4.83/SF

− OpEx

−$10.2K −$1.45/SF

NOI

$23.8K $3.38/SF

Area

Stark County, OH

Vacancy

1.70%

Lease Rate

$4.91 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$476,520

Cap Rate 7%

$340,371

Cap Rate 9%

$264,733

Alternative Uses

Best Use

Retail

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,884 @ 7.0% cap · market cap 18.54%

Second Best

Office B

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,206 @ 7.0% cap · market cap 12.26%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

The Wayfarer's Roost Disc ... Golf Course

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store HVAC Service Parking Lot & Garage Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

277

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 44601, OH

33,688

Population

14,532

Households

2.3

Avg Household Size

41

Median Age

17%

College-Educated

90%

High-School Grad

82.0 sq mi

ZIP Area

411

Density / Sq Mi

$61,887

Median Household Income

$33,773

Median Earnings

$803

Median Rent

$142,600

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial building with a heated multi-bay outbuilding, food-service infrastructure, and separate office and showroom capability.

Where is this flex space located?

The property is located at 1036 E State St Alliance, OH.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Heated outbuilding with five garage bays; Main building includes hood and Ansul system plus a walk‑in cooler; Full kitchen and restroom facilities