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    1425 E State St Alliance, OH 44601
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    1425 E State St, Alliance, OH 44601

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    • Outlet malls
    • 62,040 SF
    • 10.51 lot acres
    For Sale
    $995,000
    View Listing →
    Commercial Land with High Visibility For Sale
    $995,000
    6.45 Acres

    Commercial Land with High Visibility

    Divisible commercial land with high traffic and thoroughfare commercial zoning.

    1425 E State St, Alliance, OH
    View Listing
    Property ID
    US66-0730909
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 1425 E State St

    Year built
    1968
    Construction
    CONCRETE
    Lot size
    10.51 lot acres
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    01-13663
    APU
    113663

    Description

    This exceptional commercial land opportunity in Alliance, Ohio, encompasses 1 to 6 acres at 1425 E State St, offering versatile options for sale or lease, and potential for build-to-suit development. The property is divisible into approximately four 1.6-acre lots, providing ample space for various commercial ventures. Boasting a highly visible location with 12,519 vehicles passing daily, this site benefits from its strategic position across from College Plaza and just one mile east of the University of Mount Union. Its proximity to the Carnation City Mall redevelopment (4 miles east), Meijer, and other retailers ensures a thriving commercial environment. Zoned B-2 Thoroughfare Commercial, the property features impressive frontage: over 540 feet on E State Street and over 740 feet on S Mahoning Avenue. This makes it ideal for restaurants, coffee shops, retail establishments, and other commercial uses. The strong demographics and high traffic count make this a compelling development opportunity in a bustling area. The property's size and zoning provide flexibility for a range of commercial projects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,521,000
      Market price range: $1.52M - $6.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Alliance
    County
    Stark
    State
    Ohio
    Longitude
    -81.0877
    Latitude
    40.9005
    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
    $9,364
    $120,260
    $56,420
    $176,680
    -
    $343,600
    $161,200
    $504,800

    Comparable in this City

    • Value Estimation
      $2,055,000
      15,300 SF

      12501 State NE St

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    • Value Estimation
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      18,000 SF

      358 Main St

      WHOLESALE OUTLET, DISCOUNT STORE
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    • Value Estimation
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      17,742 SF

      42 Main St

      WHOLESALE OUTLET, DISCOUNT STORE
      42 Main St, Alliance, OH 44601-2419
      View Details
    • Value Estimation
      $9,810,000
      206,576 SF

      2700 State St

      WHOLESALE OUTLET, DISCOUNT STORE
      2700 State St, Alliance, OH 44601-5611
      View Details
    • Value Estimation
      $14,190,000
      115,941 SF

      2595 State St

      WHOLESALE OUTLET, DISCOUNT STORE
      2595 State St, Alliance, OH 44601-5604
      View Details
    • Value Estimation
      $2,580,000
      41,485 SF

      1965 State St

      WHOLESALE OUTLET, DISCOUNT STORE
      1965 State St, Alliance, OH 44601-3522
      View Details

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      Alliance, OH Retail Investment Property

      Well-kept retail strip with diverse tenants in Alliance, Ohio.
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      Retail Property For Sale

      Retail property available for purchase in Alliance, Ohio.
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      High Visibility Commercial Property

      Prime commercial property with high traffic and endless potential.
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    Similar Nearby for Lease

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      Retail Space in Shopping Center

      4,652 SF retail space in a busy shopping center.
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      Historic Church Adaptive Reuse Potential

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      Commercial Building in High-Traffic Area

      Versatile commercial space in Alliance, OH, suitable for various businesses.
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      View Details
    • $15 SF/Yr

      Former Retail Space For Lease

      Available retail space with drive-thru and high traffic count.
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      View Details
    • $500 /Mo
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      Corner Location in Alliance, OH

      High-traffic corner location available for rent in Alliance, OH.
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      View Details
    • Contact for pricing

      Alliance Office Space For Lease

      1,790 sq ft office space in a prime location.
      885 S Sawburg Ave, Alliance, OH 44601
      View Details
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    Alliance, OH 44601
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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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