Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Alliance Land Lease Opportunity Title is generated by Realmo AI

    2360 W State St, Alliance, OH 44601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10,000 /Mo

    1.77 acre commercial land for lease in Alliance, Ohio.

    Type:Land
    Lot size:
    1.77 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 10:57 pm

    Property Features for 2360 W State St

    General Information

    Standard status
    Active
    Lot size
    1.77 Acres
    Property subtype
    Land

    Spaces For Lease

    at 2360 W State St Contact us

    We can help!

    Listing Contact
    Dan Spring, SIOR

    Listing agent Dan Spring, SIOR

    Listing office

    Listing date Mar 6, 2026

    Source Naiglobal

    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 Dan Spring, SIOR

    HighLights

    • Highly traveled W State Street (Route 62) location.
    • 1.77 acres available for land lease.
    • Zoning allows for office, retail, medical, etc.
    • Level lot with almost 200’ of frontage.
    • Located just east of Meijer.
    • Close to other retailers and restaurants.

    Overview

    This 1.77-acre commercial land is available for lease and is located on West State Street (Route 62) in Alliance, Ohio. The property is situated just east of Meijer, with proximity to various retailers and restaurants. The level lot features almost 200 feet of frontage. Zoning allows for office, retail, and medical uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Alliance
    County
    Stark
    State
    Ohio
    Longitude
    -81.1487
    Latitude
    40.9018

    Nearby Similar for Lease

    • $750/Mo

      Corner Location Office Space

      High-traffic exposure, affordable rent, additional space available.
      1930 Suite B S Freedom Avenue, Alliance, OH 44601
      View Details
    • $2,900/Mo

      Commercial Building in High-Traffic Area

      Versatile commercial space in Alliance, OH, suitable for various businesses.
      1420 W Main Street, Alliance, OH 44601
      View Details
    • $5 SF/Yr

      Alliance, OH Commercial Property

      Commercial property for lease with office, industrial, and warehouse space.
      1065 S Liberty Avenue, Alliance, OH 44601
      View Details
    • $5 SF/Yr
      4,750 SF

      Versatile Commercial Space for Lease

      Adaptable commercial property with office, industrial, and warehouse space.
      1065 S Liberty Ave, Alliance, OH, 44601-4061
      View Details
    • $4 SF/Yr
      320,000 SF

      Alliance Industrial Facility For Lease

      500,000 SF industrial facility with suites from 10,000 SF.
      16123 Armour St NE, Alliance, OH 44601
      View Details
    • $10,000/Mo
      1 SF

      Alliance Land Lease Opportunity

      1.77 acre commercial land for lease in Alliance, Ohio.
      2360 W State St, Alliance, OH 44601
      View Details
    • $15 SF/Yr

      Former Retail Space For Lease

      Available retail space with drive-thru and high traffic count.
      1895 W State St, Alliance, OH 44601
      View Details
    • $4 SF/Yr
      404,942 SF

      Alliance Industrial Facility For Lease

      500,000 SF industrial facility with suites from 10,000 SF.
      16123 Armour St NE, Alliance, OH 44601
      View Details
    • Contact for pricing
      4,652 SF

      Retail Space in Shopping Center

      4,652 SF retail space in a busy shopping center.
      22019 State Route 62, Alliance, OH
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      2500 W State St, Alliance, OH 44601
      View Details
    • $12 SF/Yr
      2,350 SF

      Alliance, OH Commercial Space Available

      2,250 sq ft unit ideal for medical or professional office.
      885 S Sawburg Avenue, Alliance, OH 44601
      View Details
    • $12 SF/Yr
      2,350 SF

      Alliance, OH - Prime Location

      2,350 sq ft unit ideal for medical or professional office.
      885 S Sawburg Avenue, Alliance, OH 44601
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.77 acre commercial land for lease in Alliance, Ohio.
    Where is this commercial land located?
    The property is located at 2360 W State St Alliance, OH.
    What is the lease rate?
    The lease rate is $10,000 /Mo.
    What are key features of this property?
    This property features: Highly traveled W State Street (Route 62) location.; 1.77 acres available for land lease.; Zoning allows for office, retail, medical, etc.
    (330) 497-6249
    We can help!
    Listing Contact
    Dan Spring, SIOR
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2360 W State St, Alliance, OH 44601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!