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    238-305 Deo Dr Newark, OH 43055

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    For Lease
    $2,000 /Mo ($12 SF/Yr)

    2,000 SF retail space with high visibility.

    Property size:
    2,000 SF
    Lot size:
    23.05 Acres

    Property Features for 238-305 Deo Dr

    General Information

    Size
    2,000 SF
    Lot size
    23.05 Acres

    Source: SHAI-Hess Commercial Real Estate Agent Brandon Hess

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

    Overview

    Retail Space on Deo Drive

    This property offers a 2,000-square-foot retail space featuring an open floor plan. The strip center is located on Deo Drive, connecting N 21st Street, a main shopping corridor, to SR-13. The location provides continuous road frontage, high visibility, and building and road signage opportunities. The property is situated in close proximity to several national brand box stores and restaurants, offering an excellent retail opportunity.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4255641
    Latitude
    40.0851614

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    FAQs

    What type of property is this?
    Strip mall - 2,000 SF retail space with high visibility.
    Where is this strip mall located?
    The property is located at 238-305 Deo Dr Newark, OH.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Strategic location connecting main shopping corridor (N 21st Street) to SR-13.; - High visibility with continuous road frontage.; - Great building and road signage available.
    (740) 587-7441
    Request Owner's contact information
    238-305 Deo Dr Newark, OH 43055
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    Newark, OH 43055
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    Realmo Value Estimation

    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.

    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.

    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
    238-305 Deo Dr Newark, OH 43055
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