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    Property profile & analytics

    1840 State St Ste B Alliance, OH 44601-3593

    • Strip malls
    • 30,845 SF
    • 5.27 lot acres
    OFF-MARKET
    Value Estimations
    $2,755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4405642
    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

    • AMVONET / Training Center / Tutoring Service
    • Alliance Farmers Market / Specialty Food Shop / Farmer's Market
    • Alliance Ventures / Property Management Company
    • Hot Pots Pottery / (Bike/Boat/Book/etc) Store
    • Handy Backup / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 1840 State St Ste B

    Year built
    1998
    Construction
    BRICK
    Lot size
    5.27 lot acres
    Property size
    30,845 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    10-001061
    APU
    10001061

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,572,000
      Market price range: $1.77M - $4.01M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,645,000
      Current use
      RESTAURANT
      $3,605,000
      Change: +36% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,075,000
      Change: +16% Conversion: Difficult
      MEDICAL BUILDING
      $2,815,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $2,700,000
      Change: +2% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,420,000
      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
    -81.1393
    Latitude
    40.9031
    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
    $40,069
    $357,140
    $550,060
    $907,200
    -
    $1,020,400
    $1,571,600
    $2,592,000

    Comparable in this City

    • Value Estimation
      $550,000
      7,821 SF

      1306 State St

      SHOPPING CENTER, STRIP CENTER • 7,821 SF
      1306 State St, Alliance, OH 44601-3613
      View Details
    • Value Estimation by Request
      6,000 SF

      546 Un Ave

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      546 Un Ave, Alliance, OH 44601-2929
      View Details
    • Value Estimation
      $690,000
      11,602 SF

      1170 State St

      SHOPPING CENTER, STRIP CENTER • 11,602 SF
      1170 State St, Alliance, OH 44601-4624
      View Details
    • Value Estimation
      $975,000
      10,080 SF

      1630 State St

      SHOPPING CENTER, STRIP CENTER • 10,080 SF
      1630 State St, Alliance, OH 44601-3693
      View Details
    • Value Estimation
      $1,045,000
      11,404 SF

      2445 State St

      SHOPPING CENTER, STRIP CENTER • 11,404 SF
      2445 State St, Alliance, OH 44601-5602
      View Details
    • Value Estimation
      $3,430,000
      41,164 SF

      2618 State St

      SHOPPING CENTER, STRIP CENTER • 41,164 SF
      2618 State St, Alliance, OH 44601-5699
      View Details

    Similar Nearby for Sale

    • $2,100,000
      11,279 SF

      Former Retail Building For Sale

      Former Rite Aid available for sale or lease in Ohio.
      1895 W State St, Alliance, OH 44601
      View Details
    • New
      $195,000
      4,000 SF

      Thriving Deli and Retail Store

      Retail store on 2.64 acres with frontage.
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    • $175,000
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      Versatile property with excellent visibility on a main road.
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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.
      361 E Main St, Alliance, OH 44601
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    • $2,100,000

      Former Rite Aid For Sale

      Corner lot property with drive-thru and high traffic count.
      1895 W State St, Alliance, OH 44601
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    • $119,900
      0.15 Acres

      High Visibility Commercial Property

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

    • 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 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
    • $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
    • Contact for pricing
      1,571 SF

      Meijer In-Store Retail Space

      Prime Retail, High Traffic, Midwest
      2500 State St, 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
    • $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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    Alliance, OH 44601-3593
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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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