Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6523 Parr Road Newark, OH 43056

    View on Map
    Claim this Listing
    For Sale
    $195,000

    LAND - Newark, OH

    Lot size:
    8.13 Acres
    Added:
    Feb 15, 2026
    Days on Market:
    64
    Last Refresh:
    Apr 20 at 2:06 am

    Property Features for 6523 Parr Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    016-037458-00.011
    Lot size
    8.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    8.135 AC SEC 10 & 11 R11 T1 Q1
    Tax Annual Amount
    924

    We can help!

    Listing Contact
    Michael Patterson

    Listing agent Michael Patterson License #2023002937

    Listing office Town & Country 807 Adair Avenue, ZANESVILLE, OH

    Listing date Feb 15, 2026

    MLS# 5187063 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    8.135 Acre Newark Land Parcel

    This 8.135-acre lot in Newark, Ohio, presents an opportunity for building a private retreat or home. The property features a mix of open and wooded areas and offers generous road frontage. Electric and gas hookups are accessible. Suited for investors or individuals looking to build a home, the lot provides opportunities and woodland scenery. The location offers a balance of rural living and proximity to amenities in Newark and Heath.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.306839
    Latitude
    39.997485

    Nearby Similar for Sale

    • $129,900

      Downtown Newark Turn-Key Retail Business

      Profitable retail food business in a vibrant downtown location.
      4 N Park Place, Newark, OH 43055
      View Details
    • $315,000

      Renovated Newark Duplex For Sale

      Fully renovated, side-by-side duplex with separate utilities and garage spaces.
      114-116 Maholm Street, Newark, OH 43055
      View Details
    • $599,900

      Newark Multifamily Investment Opportunity

      Residential portfolio with diversified unit mix in Newark, Ohio.
      Newark, OH 43055
      View Details
    • $399,000

      Secluded 22-Acre Land Parcel

      22 acres of secluded land with potential homesite in Newark.
      7035 Pleasant Chapel Road, Newark, OH 43056
      View Details
    • $345,000
      8,464 SF

      Versatile Industrial Space in Newark

      8,464 SF industrial space with additional below-grade area.
      355 W Main St, Newark, OH 43055
      View Details
    • $159,900

      Newark Duplex with Income Potential

      Refreshed duplex in Newark, Ohio, ideal for investors.
      167 Essex Street, Newark, OH 43055
      View Details
    • $92,000

      Wooded Land in Newark, Ohio

      Almost 5 acres of wooded land for residential development.
      277 Merry Wood Drive NE, Newark, OH 43055
      View Details
    • $2,500,000
      44,000 SF

      Retail Strip Center Investment Opportunity

      44,000 SF retail strip center anchored by Family Dollar.
      1012 - 1066 Mount Vernon Road, Newark, OH 43055
      View Details
    • $14

      Newark Office Space For Sale

      Customizable office space near Licking Memorial Hospital.
      336 North 40th Street, Newark, OH 43055
      View Details
    • $1,795,000
      30,692 SF

      Multi-Tenant Office Building Investment

      Fully leased office building with strong income and 8% CAP.
      195 Union Street, Newark, OH 43055
      View Details
    • $129,900

      Land For Sale, Newark, OH

      2.17 acre commercial land available in Newark, Ohio.
      20 Cherry Street, Newark, OH 43055
      View Details
    • $2,515,000
      10,242 SF

      CVS NNN Investment Opportunity

      Long-term CVS lease with corporate guaranty in Newark, OH.
      955 N 21st St, Newark, OH 43055
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land for building a private retreat or home.
    Where is this residential land & home lot located?
    The property is located at 6523 Parr Road Newark, OH.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Large 8.135 Acre Lot ideal for building a private retreat or home.; Mix of open and wooded areas offer a beautiful natural setting.; Generous Road Frontage.
    (740) 418-7321
    We can help!
    Listing Contact
    Michael Patterson
    Real Estate License ID: 2023002937
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!