Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16123 Armour St Alliance, OH 44601

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $9,999,999

    Massive industrial complex, prime location, high potential.

    Property Features for 16123 Armour St

    General Information

    Property type
    Investment properties
    Lot Size
    6,696,479 SF

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    Peter R Kiko Jr

    Listing Agency: richard t. kiko agency, inc. Listing Agent: Peter R Kiko Jr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a substantial 480,000 square foot industrial complex situated on a sprawling 153.73-acre lot in Alliance, Ohio. The property boasts significant frontage of approximately 5,756 feet, providing excellent accessibility and visibility. The complex is strategically located and benefits from readily available public utilities, including 3-phase electric service, making it ideal for a variety of industrial uses. A significant portion of the property is currently leased, generating existing income streams. The expansive 153.73-acre site includes a 22+ acre aggregated lot, offering ample space for expansion, future development, or additional buildings. This property presents a rare chance to acquire a large-scale industrial asset with substantial existing infrastructure and significant growth potential. The scale and location of this complex make it an attractive proposition for businesses seeking a substantial footprint in a well-established industrial area. Further details regarding the current lease agreements and potential for expansion are available upon request. This is a truly unique opportunity to acquire a significant industrial property in a prime location. Serious inquiries only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Department Store Storage Facility HVAC Service Grocery & Convenience Store Bar & Pub Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alliance
    County
    Stark
    State
    Ohio
    Longitude
    -81.09055
    Latitude
    40.94558

    Nearby Similar for Sale

    • $399,900
      Pending

      Renovated 4-Unit Apartment Complex

      Renovated 4-unit apartment complex in a desirable location.
      203 Glamorgan St, Alliance, OH 44601
      View Details
    • $119,900
      5,500 SF

      Mixed-Use Property in Downtown Alliance

      Versatile mixed-use property with storefront and apartment in Alliance, OH.
      361 E Main St, Alliance, OH 44601
      View Details
    • $179,900
      1,612 SF

      Duplex Near Mount Union University

      Investment opportunity near University of Mount Union with detached garage.
      2408 S Linden Ave, Alliance, OH 44601
      View Details
    • $139,900
      Pending

      Main Street Retail Opportunity

      Two-story retail property on thriving Main Street in Alliance, OH.
      250 E Main St, Alliance, OH 44601
      View Details
    • $119,900
      0.15 Acres

      High Visibility Commercial Property

      Prime commercial property with high traffic and endless potential.
      1077 W State St, Alliance, OH 44601
      View Details
    • $209,900
      Pending

      Turn-Key Duplex Near College

      Duplex near college with proven student rental history.
      2117 Miller Ave, Alliance, OH 44601
      View Details
    • $175,000
      0.14 Acres

      Salon with Business Potential

      Versatile property with excellent visibility on a main road.
      700 N Union Ave, Alliance, OH 44601
      View Details
    • $384,900
      0.62 Acres

      Commercial Building in High-Traffic Area

      Versatile commercial space in Alliance, OH, suitable for various businesses.
      1420 W Main St, Alliance, OH 44601
      View Details
    • $329,900
      0.62 Acres

      Commercial Building in High-Traffic Area

      Versatile commercial building in Alliance, OH, suitable for various businesses.
      1420 W Main St, Alliance, OH 44601
      View Details
    • $225,000
      2.64 Acres

      Retail Store on Large Lot

      Thriving deli and retail store on 2.64 acres.
      22810 Alliance-Sebring Rd, Alliance, OH 44601
      View Details
    • $670,000
      26,300 SF

      Alliance Ohio Church For Sale

      Church with sanctuary, classrooms, offices, fellowship area, and parking.
      1441 W Vine St, Alliance, OH 44601
      View Details
    • $175,000
      6,600 SF

      Downtown Alliance Redevelopment Opportunity

      Two-story building in revitalizing downtown area with redevelopment potential.
      317 E Main St, Alliance, OH 44601
      View Details

    FAQs

    What type of property is this?
    Investment property - Massive industrial complex, prime location, high potential.
    Where is this investment property located?
    The property is located at 16123 Armour St Alliance, OH.
    What is the asking price?
    The asking price for this property is $9,999,999.
    (330) 749-7898
    Request Owner's contact information
    16123 Armour St Alliance, OH 44601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16123 Armour St
    Alliance, OH 44601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16123 Armour St Alliance, OH 44601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Peter R Kiko Jr
    Real Estate License ID: 2018000907
    (330) 749-7898 (330) 705-5996 (330) 453-9187
    Learn more
    Google sign-in failed. Please try again or use another login method.