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Property profile & analytics
FOR SALE
Strip malls
2337 S Union Ave, Alliance, OH 44601
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-4500303
For Sale
1 / 5
$1,300,000
2337 S Union Ave, Alliance, OH 44601
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1968
Construction
BRICK
Total area
10,269 SF
Lot
1.39 ac (60,548 SF)
APN
10-005266
UPID
US66-4500303
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Low Cost Ignition Interlock Building Supply General Contractor
-
Intoxalock Ignition Interlock Building Supply General Contractor
-
Horizon Audio of Alliance Electronics & Wireless Store Auto Parts Store
-
LifeSafer Ignition Interlock Building Supply General Contractor
-
Ohio Interlock Ignition Interlock Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$893k
Blend (final)
Blend
$835k
Owner & transaction history
Mcs Of Alliance LLC · 15 yrs held
Mcs Of Alliance LLC
since 2010
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+36.4%
Auto repair, garage
$1.0M
+16.3%
Medical building
$935,000
+6.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alliance submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alliance submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Current use
RESTAURANT
$1,200,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,025,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$935,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$900,000
Change: +2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$805,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,021
Tax year 2023
Assessed value
$226,810
Assessed 2023
Previous assessed
$226,810
+0.0% YoY
Effective rate
5.30%
On assessed value
Assessed land
$50,510
Assessed improvement
$176,300
Land market value
$144,300
Improvement market value
$503,700
Total market value
$648,000
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1968
Construction
BRICK
Heating
SPACE
Cooling
NONE
Stories
1
Units
1
Bathrooms
10
Total area
10,269 SF
Lot
1.39 ac (60,548 SF)
APN
10-005266
UPID
US66-4500303
Jurisdiction
STARK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$880,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$935,000
RETAIL STORES
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Bathrooms
10
Lot
1.39 ac
Current owner
From public records · entity-resolved
Mcs Of Alliance LLC
Entity
Free & Clear · 15 yrs held
Mailing address
1469 FERNWOOD BLVD, ALLIANCE, OH 44601-3875
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2010
—
Mcs Of Alliance LLC
Sell,michael C & Donna M
Warranty Deed
related
—
—
—
Sell,michael C & Donnna M
—
Deed Of Trust
related
$100,000 · Huntington Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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