Renovated Office
122 E College St, Alliance, OH 44601
For Sale
Contact for pricing
Office building with many recent renovations, offered for sale at a listed price.
Property Size5,222 SF
Price / SF$210.65
Days on Market160
Property Features for 122 E College St
General Information
Standard status
Size
Property subtype
Listing Agency:
Platz Realty Group
(330) 757-4889
Listed By:
Matthew Wilson
(330) 347-9677
Source:
Moodyscre
Added: Jun 2
Changed: Oct 26
Last Checked: Nov 8 at 8:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platz Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building features many recent renovations. The property is offered for sale.
Located at 122 E College St in Alliance, Ohio, the building is positioned as a dedicated office asset within a commercial setting.
With a total size of 5,222 square feet, the property provides a compact footprint for office use.
Located at 122 E College St in Alliance, Ohio, the building is positioned as a dedicated office asset within a commercial setting.
With a total size of 5,222 square feet, the property provides a compact footprint for office use.
Key Highlights
- Office building offered for sale with many recent renovations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,095
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,900
$1.3M
Cap Rate 7%
$901,357
$901.4K
Cap Rate 9%
$701,056
$701.1K
Market Conditions
NOI Build-Up for 5,222 SF
Gross rent
$112.2K $21.48/SF
− Vacancy
−$28.0K −$5.37/SF
EGI
$84.1K $16.11/SF
− OpEx
−$21.0K −$4.03/SF
NOI
$63.1K $12.08/SF
Area
Stark County, OH
Vacancy
25.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,900
Cap Rate 7%
$901,357
Cap Rate 9%
$701,056
Alternative Uses
Best Use
Office B
$901.4K
$788.7K – $1.05M
NOI $63,095 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,439 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
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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
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Market
Properties on Market for Office buildings in Stark County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office building with many recent renovations, offered for sale at a listed price.
Where is this office building located?
The property is located at 122 E College St Alliance, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Office building offered for sale with many recent renovations.
