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    1725 Mount Vernon Rd Newark, OH 43055

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    For Lease
    $2,000/Mo $6 SF/Yr (calc)

    Spacious office and warehouse with adaptable environment for business operations.

    Type:Industrial
    Property size:
    4,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    159
    Last Refresh:
    Apr 6 at 12:30 am

    Property Features for 1725 Mount Vernon Rd

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1980

    Spaces For Lease

    at 1725 Mount Vernon Rd Contact us

    We can help!

    Listing Contact
    Joseph Curry

    Listing agent Joseph Curry License #OH #2015001037

    Listing office

    Listing date Nov 21, 2025

    Source Svn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Joseph Curry

    Overview

    Versatile Office/Warehouse Space Available

    This expansive office/warehouse offers a versatile space for business operations. The property includes four offices and a large warehouse area. The building features sturdy masonry walls and steel bar joists. The warehouse has 10' ceilings and existing electrical infrastructure to accommodate various business needs. Newark, Ohio, where the property is located, is approximately 25 miles east of Columbus, Ohio, and serves as the county seat of Licking County. Columbus is the 14th largest city in the Nation and the fastest growing city in the Midwest in both population and jobs. Newark is home to the second-largest Ohio State University branch campus, with over 10,000 college students. Major employers in the area include Licking Memorial Hospital, The Ohio State University, Victoria's Secret Corporate, State Farm Insurance, and Owens Corning. The population of Newark, Ohio, is approximately 50,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardinal Electric LLC Electrical Service CM Machine Tools Building Supply

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Accounting Firm Auto Parts Store

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

    Similar Places Nearby

    • Newark Mini Warehouse — 150 W Canal St, Newark, OH 43055
    • U Store - It Self Storage — 344 Wilson St, Newark, OH 43055
    • Ballet Self Storage Facility — 62 W Main St, Newark, OH 43055
    • 79 Mini Storage — 35 S Park Pl, Hanover, OH 43055
    • Mr. Storage — 344 Wilson St, Newark, OH 43055

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4256
    Latitude
    40.1034

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    FAQs

    What type of property is this?
    Warehouse - Spacious office and warehouse with adaptable environment for business operations.
    Where is this warehouse located?
    The property is located at 1725 Mount Vernon Rd Newark, OH.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Expansive warehouse space suitable for various business operations.; Four dedicated office spaces.; Sturdy masonry walls and steel bar joist construction.
    (740) 485-2100
    We can help!
    Listing Contact
    Joseph Curry
    Real Estate License ID: OH #2015001037
    Learn More
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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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