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    Multi-Use Education and Gym Building Title is generated by Realmo AI

    715 South Arch Avenue, Alliance, OH 44601

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    Two full floors offer flexible space for education, coworking, or community use with a dedicated lower-level gymnasium.

    Type:Special Purpose
    Property size:
    22,202 SF
    Price / SF:
    $6/SF
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:41 am

    Property Features for 715 South Arch Avenue

    General Information

    Standard status
    Active
    Size
    22,202 SF
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    Corianne Voltz
    Corianne Voltz

    Listing agent Corianne Voltz License #OH C20160002982

    Listing office Colliers - Cleveland, Ohio

    Listing date Jun 3, 2026

    Source Crexi

    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 Colliers - Cleveland, Ohio

    HighLights

    • Two full floors totaling approx. 22,202 SF (approx. 11,101 SF each) suitable for single‑tenant or multi‑tenant occupancy
    • Lower‑level gymnasium plus classroom and expansive open‑area setup supports education, community, and other multi‑use uses
    • Flexible layout can work as education, coworking, events, office, or community space
    • Year built: 1959
    • Located in downtown Alliance near retail and restaurants with nearby surrounding commercial activity
    • Accessible via public transportation with bus line proximity

    Overview

    The property is a multi-use building configured with classrooms, expansive open areas, and a lower-level gymnasium. It provides two full floors of approximately 11,101 square feet each, supporting either single-tenant occupancy or a multi-tenant layout depending on how the space is planned. The current configuration lends itself to a variety of uses, including education and community-oriented programming, as well as creative office, coworking, events, or fitness-focused operations where a gymnasium is a key component.

    The building is located in downtown Alliance and positioned near retail and restaurants, with surrounding commercial activity. Access is supported by proximity to public transportation, which can be convenient for users and visitors who arrive by bus.

    For buyers and operator-users, the scale and flexibility of the two-floor layout make it suitable for owner-users, nonprofits, or redevelopment groups looking for a distinctive property that can accommodate education and community programming alongside flexible open-area uses. The existing classroom and gymnasium features can reduce the amount of reconfiguration needed for organizations that want both instructional and activity space under one roof.
    Location Intelligence

    Current Use by Public Records

    Center Empowerment Church

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alliance
    County
    Stark
    State
    Ohio
    Longitude
    -81.1015095
    Latitude
    40.9149358

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    FAQs

    What type of property is this?
    Coworking space - Two full floors offer flexible space for education, coworking, or community use with a dedicated lower-level gymnasium.
    Where is this coworking space located?
    The property is located at 715 South Arch Avenue Alliance, OH.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Two full floors totaling approx. 22,202 SF (approx. 11,101 SF each) suitable for single‑tenant or multi‑tenant occupancy; Lower‑level gymnasium plus classroom and expansive open‑area setup supports education, community, and other multi‑use uses; Flexible layout can work as education, coworking, events, office, or community space
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Corianne Voltz
    Corianne Voltz
    Real Estate License ID: OH C20160002982
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    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.

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