Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1640-1680 N 21St St Newark, OH 43055

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available in Newark, offering accessibility and visibility.

    Property size:
    8,872 SF
    Lot size:
    9.90 Acres

    Property Features for 1640-1680 N 21St St

    General Information

    Size
    8,872 SF
    Lot size
    9.90 Acres

    We can help!

    Listing Contact
    Luke Streng
    Source: Moodyscre

    Listing Agent: Luke Streng

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

    Learn more

    Overview

    Retail Space in Newark, Ohio

    Retail spaces are available for rent along North 21st Street in Newark, Ohio, situated within the Habitat for Humanity ReStore and Ollie’s Bargain Outlet center. The location provides accessibility and visibility. Traffic counts along North 21st Street near the site reach 12,378 vehicles per day, according to a 2022 count. The property size is 8,872 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.425309
    Latitude
    40.093286

    Nearby Similar for Lease

    • $975 /Mo
      6,400 SF

      Versatile Space in Newark, OH

      Move-in-ready space suitable for retail, office, or service-based businesses.
      124 S 30Th St, Newark, OH 43055
      View Details
    • $899,900
      44,431 SF

      Newark Commercial Property with Storage

      14,400 SF commercial property with self-storage units for rent.
      695 Mckinley Ave, Newark, OH 43055
      View Details
    • Contact for pricing
      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
    • $11 SF/Yr
      8,500 SF

      Flexible Office/Production Space Available

      Move-in-ready, flexible office and production space in Newark, Ohio.
      1401 Mount Vernon Rd, Newark, OH 43055
      View Details
    • $11 SF/Yr
      15,230 SF

      Renovated Flex Space in Newark

      Move-in-ready, flexible office/production space in a manufacturing corridor.
      1425 Mount Vernon Rd, Newark, OH 43055
      View Details
    • $300 /Mo
      1,373 SF

      Versatile Office/Retail Space Available

      Adaptable office or retail space in high-traffic Newark location.
      1000 N 21St St, Newark, OH 43055
      View Details
    • $20 SF/Yr
      24,392 SF

      Newark Medical Office Space

      Class A medical office suites, excellent location.
      135 Deo Dr, Newark, OH 43055
      View Details
    • $3 SF/Yr
      50,000 SF

      Creative Space in Newark Station

      Transformed warehouse offering creative spaces, retail, and dining options.
      325 W Main St, Newark, OH 43055
      View Details
    • $4,500 /Mo
      12,220 SF

      Historic Mixed-Use Building For Rent

      Historic mixed-use building with office and flex space available for rent.
      48 S 4Th St, Newark, OH 43056
      View Details
    • $8 SF/Yr
      3,600 SF

      Versatile Flex/Warehouse Space Available

      3,600 SF flex/warehouse space with offices and garage doors.
      211 Montgomery Ave, Newark, OH 43055
      View Details
    • $2,500 /Mo
      1,200 SF

      Spa Space in Cherry Valley

      Well-appointed spa space for lease within Cherry Valley Hotel.
      2299 Cherry Valley Rd SE, Newark, OH 43055
      View Details
    • Contact for pricing
      27,368 SF

      Log Pond Plaza Retail Center

      Newark, Ohio Strip Mall - High Traffic
      1257-1299 Log Pond Dr, Newark, OH 43055
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available in Newark, offering accessibility and visibility.
    Where is this retail space located?
    The property is located at 1640-1680 N 21St St Newark, OH.
    What are key features of this property?
    This property features: - Great accessibility and visibility; - Located in the Habitat for Humanity Restore and Ollie’s Bargain Outlet center; - Outlot and encap available
    (614) 781-5130
    Request Owner's contact information
    1640-1680 N 21St St Newark, OH 43055
    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.
    1640-1680 N 21St St
    Newark, OH 43055
    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
    1640-1680 N 21St St Newark, OH 43055
    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

    We can help!
    Listing Contact
    Luke Streng
    Real Estate License ID: OH 2007004532
    (614) 781-5130
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.