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Property profile & analytics
OFF-MARKET
Investment properties
641 State St Alliance, OH 44601-4913
Trust Owned
6-yr Hold
Free & Clear
Property ID
US66-2487281
Property summary
AI-generated overview
This exceptional 2,752 square foot office building presents a unique owner-user opportunity in a prime Alliance, Ohio location. Situated on a 0.84-acre lot at the corner of E State St and MLK Blvd, this two-story, 1960-built structure offers significant potential. The property is zoned B3 & R1, providing flexibility for various uses. The building's spacious layout allows for efficient workflow, and the second floor presents a possibility for conversion into an apartment, adding to the property's versatility and potential rental income. A detached garage provides convenient additional storage or workspace. The asking price is $325,000. The property includes two APNs: 103979 and 113033. This is a rare chance to acquire a well-located, adaptable commercial property in a thriving area. The building's solid construction and desirable location make it an attractive investment for both business owners and investors seeking a strong return. Don't miss this opportunity to own a piece of Alliance's commercial landscape. Contact us today to schedule a showing.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1918
Construction
BRICK
Total area
2,752 SF
Lot
0.27 ac (11,731 SF)
APN
01-03979
UPID
US66-2487281
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
-
Laurie Esper Physician
-
John Dean Yerkey Alternative Medicine Practice
-
Dr. Joseph Tait Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Koinoglou,maria Trust · 6 yrs held
Koinoglou,maria Trust
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,853
Tax year 2023
Assessed value
$34,970
Assessed 2023
Previous assessed
$34,970
+0.0% YoY
Effective rate
5.30%
On assessed value
Assessed land
$13,230
Assessed improvement
$21,740
Land market value
$37,800
Improvement market value
$62,100
Total market value
$99,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1918
Construction
BRICK
Heating
YES
Cooling
NONE
Buildings
2
Stories
2
Units
1
Bathrooms
2
Total area
2,752 SF
Lot
0.27 ac (11,731 SF)
APN
01-03979
UPID
US66-2487281
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
Building & site characteristics
From public records
Year built
1918
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
1
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Koinoglou,maria Trust
Trust
Free & Clear · 6 yrs held
Mailing address
2794 SHILLINGFORD CIR NW, NORTH CANTON, OH 44720-8226
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2019
—
Koinoglou,maria Trust
Nick G Koinoglou
Quit Claim Deed
related
—
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.
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