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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1328 Johnson Ave Alliance, OH 44601-1170

    • Garden apartment buildings
    • 2,976 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    8%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US66-1261957
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 1328 Johnson Ave

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    2,976 SF
    Property type
    Garden apartment buildings
    APN
    77-00496
    APU
    7700496

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $335,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $252,000
      Market price range: $103k - $479k
      AI Estimate
      $229,000
      Market price range: $128k - $288k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $235,000
      Current use
      AUTO REPAIR, GARAGE
      $295,000
      Change: +27% Conversion: Difficult
      MEDICAL BUILDING
      $270,000
      Change: +16% Conversion: Moderate
      RETAIL STORES
      $260,000
      Change: +12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $255,000
      Change: +9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alliance
    County
    Stark
    State
    Ohio
    Longitude
    -81.1217
    Latitude
    40.9363
    CBSA code
    15940
    CBSA name
    CANTON-MASSILLON, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,501
    $6,200
    $27,790
    $33,990
    -
    $17,700
    $79,400
    $97,100

    Comparable in this City

    • Value Estimation
      $230,000
      5,916 SF

      35 Harrison St

      GARDEN APT, COURT APT (5+ UNITS) • 5,916 SF
      35 Harrison St, Alliance, OH 44601-1707
      View Details
    • Value Estimation
      $285,000
      2,976 SF

      1342 Johnson Ave

      GARDEN APT, COURT APT (5+ UNITS) • 2,976 SF
      1342 Johnson Ave, Alliance, OH 44601-1169
      View Details
    • Value Estimation
      $285,000
      2,976 SF

      1300 Johnson Ave

      GARDEN APT, COURT APT (5+ UNITS) • 2,976 SF
      1300 Johnson Ave, Alliance, OH 44601-1172
      View Details
    • Value Estimation
      $305,000
      3,806 SF

      618 Vine St

      GARDEN APT, COURT APT (5+ UNITS) • 3,806 SF
      618 Vine St, Alliance, OH 44601-6603
      View Details
    • Value Estimation
      $450,000
      3,456 SF

      1767 Westwood Ave

      GARDEN APT, COURT APT (5+ UNITS) • 3,456 SF
      1767 Westwood Ave, Alliance, OH 44601-3596
      View Details
    • Value Estimation by Request
      6,272 SF

      2144 Tanglewood Ave

      GARDEN APT, COURT APT (5+ UNITS) • 6,272 SF
      2144 Tanglewood Ave, Alliance, OH 44601-4490
      View Details

    Similar Nearby for Sale

    • $399,900
      Pending

      Renovated 4-Unit Apartment Complex

      Renovated 4-unit apartment complex in a desirable location.
      203 Glamorgan St, Alliance, OH 44601
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    • $119,900
      5,500 SF

      Mixed-Use Property in Downtown Alliance

      Versatile mixed-use property with storefront and apartment in Alliance, OH.
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    • New
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      Duplex Near Mount Union University

      Investment opportunity near University of Mount Union with detached garage.
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    • New
      $129,900
      Pending

      Multi-Use Property with Income Potential

      Multi-use property with two apartments, storefront, and large garage.
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      View Details
    • $209,900
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      Turn-Key Duplex Near College

      Duplex near college with proven student rental history.
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    • Contact for pricing
      1.00 Acre

      Alliance Commercial Land - State Street

      High-visibility commercial land, divisible parcels.
      1425 State St, Alliance, OH 44601
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,000 SF

      Alliance, OH Commercial Space

      Spacious 3,800 sq ft unit ideal for medical or professional office.
      885 S Sawburg Ave, Alliance, OH 44601
      View Details
    • $12 SF/Yr

      Alliance Office Space For Lease

      3,800 sq ft office space in prime Alliance location.
      S Sawburg Ave, Alliance, OH 44601
      View Details
    • $67,796
      77,101 SF

      Alliance Commercial Land Lease Opportunity

      1.77 acres, high-traffic location, flexible zoning.
      2360 State St, Alliance, OH 44601
      View Details
    • $2,900 /Mo
      27,007 SF

      Commercial Building in High-Traffic Area

      Versatile commercial space in Alliance, OH, suitable for various businesses.
      1420 W Main 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
    • $5 SF/Yr
      10,498 SF

      Alliance, OH Commercial Property

      Commercial property for lease with office, industrial, and warehouse space.
      1065 S Liberty Ave, Alliance, OH 44601
      View Details
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    1328 Johnson Ave
    Alliance, OH 44601-1170
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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.

    More about this property
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