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

    501 S Union Avenue, Alliance, OH 44601

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    COMMERCIAL - Alliance, OH

    Property size:
    1,798 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $0.00/SF
    Added:
    May 27, 2026
    Days on Market:
    3
    Last Refresh:
    May 29 at 9:06 pm

    Property Features for 501 S Union Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Driveway, Garage
    Standard status
    Active
    APN
    00108080
    Size
    1,798 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    2018 WH
    Tax Annual Amount
    4344

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1889
    Floors in Building
    2

    We can help!

    Listing Contact
    Todd D Bosley

    Listing agent Todd D Bosley License #2023003963

    Listing office Coldwell Banker Schmidt Realty 4200 Munson Street NW, Strongsville, OH

    Listing date May 27, 2026

    MLS# 5213383

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial opportunity with approximately 1,798 sq ft on a 0.22‑acre lot.
    • Convenient location with easy access to major roads, local businesses, and downtown amenities.
    • Flexible layout suitable for owner‑users, investors, or a variety of commercial uses.
    • Includes a full basement and garage.
    • Additional driveway parking available.
    • Auction date: Wednesday, June 10th, 2026.

    Overview

    This commercial property in Alliance, Ohio, features approximately 1,798 sq ft of space on a 0.22-acre lot. The property offers a flexible layout and includes a full basement, garage, and additional driveway parking. Its location provides easy access to major roads, local businesses, and downtown amenities. This property is suitable for owner-users, investors, or a variety of commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crossroads Tattoos Tattoo & Piercing Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Alliance
    County
    Stark
    State
    Ohio
    Longitude
    -81.106243
    Latitude
    40.917329

    Nearby Similar for Sale

    • $359,900
      3,000 SF

      Versatile Commercial Building in Alliance, OH

      All-brick building in high-traffic area, ideal for various businesses.
      1420 W Main Street, Alliance, OH 44601
      View Details
    • $299,900
      3,000 SF

      Versatile Commercial Building in Alliance, OH

      All-brick building with flexible space in high-traffic area.
      1420 W Main Street, Alliance, OH 44601
      View Details
    • $1,300,000

      Alliance, OH Retail Investment Property

      Well-kept retail strip with diverse tenants in Alliance, Ohio.
      2337 S Union Avenue, Alliance, OH 44601
      View Details
    • $149,900

      Salon with Business Potential

      Versatile property with excellent visibility on a main road.
      700 N Union Avenue, Alliance, OH 44601
      View Details
    • $205,900
      1,622 SF

      Updated Duplex in Alliance, Ohio

      Turnkey duplex, ideal for investors or owner-occupants.
      900 S Seneca Avenue, Alliance, OH 44601
      View Details
    • $164,900
      2,250 SF

      Lexington Township Duplex on Acreage

      Spacious duplex on 1.06 acres in Lexington Township.
      11371 Walnut Avenue NE, Alliance, OH 44601
      View Details
    • $230,000

      Residential Land in Quiet Cul-de-Sac

      Build-ready 6.05-acre lot near Alliance with approvals in place.
      29 Colony Drive, Alliance, OH 44601
      View Details
    • $259,900

      Commercial Land in Alliance, Ohio

      5-acre commercial land with industrial zoning and city utilities.
      W Main Street, Alliance, OH 44601
      View Details
    • $99,900

      High Visibility Commercial Property

      Prime commercial property with high traffic and endless potential.
      1077 W State Street, Alliance, OH 44601
      View Details
    • $180,500

      Residential Land in Quiet Cul-de-Sac

      Build-ready 4.78-acre lot near Alliance with utilities approvals.
      31 Colony Drive, Alliance, OH 44601
      View Details
    • $195,000
      4,000 SF

      Thriving Deli and Retail Store

      Retail store on 2.64 acres with frontage.
      22810 Alliance-Sebring Road, Alliance, OH 44601
      View Details
    • $75,000

      Alliance, OH Vacant Commercial Lot

      Cleared commercial lot with utilities and high visibility.
      317 E State Street, Alliance, OH 44601
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property in Alliance, OH, with flexible layout and convenient location.
    Where is this commercial land located?
    The property is located at 501 S Union Avenue Alliance, OH.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Commercial opportunity with approximately 1,798 sq ft on a 0.22‑acre lot.; Convenient location with easy access to major roads, local businesses, and downtown amenities.; Flexible layout suitable for owner‑users, investors, or a variety of commercial uses.
    (330) 323-9775
    We can help!
    Listing Contact
    Todd D Bosley
    Real Estate License ID: 2023003963
    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
    501 S Union Avenue, 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!