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 Market59
Property Features for 122 E College St
General Information
Standard status
Active
Size
5,222 SF
Property subtype
OFFICE
Listing Agency:
Platz Realty Group
(330) 347-9677
Listed By:
Shea MacMillan · License #SAL.2023005004
(330) 360-9299
Source:
Moodyscre
Added: Jun 2
Changed: Jul 29
Last Checked: Jul 29 at 3:27AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.2k | $21.48 |
| − Vacancy | −$28.0k | −$5.37 |
| EGI | $84.1k | $16.11 |
| − OpEx | −$21.0k | −$4.03 |
| NOI | $63.1k | $12.08 |
5,222 SF · lease $21.48/SF/yr · vacancy 25.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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.
