Add Listing
    For Lease
    • 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

    1000 N 21St St Newark, OH 43055

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Adaptable office or retail space in high-traffic Newark location.

    Property size:
    157 SF
    Lot size:
    0.32 Acres

    Property Features for 1000 N 21St St

    General Information

    Size
    157 SF
    Lot size
    0.32 Acres

    We can help!

    Listing Contact
    Joe Gebhart
    Joe Gebhart
    Source: Moodyscre

    Listing Agency: SHAI-Hess Commercial Real Estate Listing Agent: Joe Gebhart

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

    Learn more

    Property Insight Report

    Overview

    Versatile Office/Retail Space Available

    This lease opportunity features versatile spaces suitable for office or small retail use. The main level offers 777 square feet, providing an adaptable layout to accommodate various business needs. The lower level includes a 157-square-foot office space, ideal for a private workspace. Located on North 21st Street in Newark, the property benefits from high visibility with nearly 28,000 vehicles passing by each day. The location offers easy access to State Route 16 and convenient connections to Heath and nearby areas. This proximity to major transportation routes ensures excellent accessibility, making it an ideal spot for businesses looking to grow in a vibrant, high-traffic location. The total property size is 1373 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Jeffrey ... Insurance Agency Russ & Associates Accounting ... Accounting Firm Forgrave Financial Strategies Financial Advisor Safe Place Bedding ... Production Facility Retirement Specialists of Central ... Financial Advisor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4281564
    Latitude
    40.075969

    Nearby Similar for Lease

    • $3,000 /Mo
      1,800 SF

      Downtown Newark Commercial Space Available

      1,800 sq ft commercial space in vibrant downtown Newark.
      4 N Park Pl, 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
    • $12 SF/Yr
      2,645 SF

      Commercial Space in Newark, OH

      Office building for lease, currently operating as a saloon.
      22 N Street Rd, Newark, OH 43055
      View Details
    • $10 SF/Yr

      Newark Flex Space with Garage

      Versatile 2,152 SF flex space in downtown Newark.
      63 N 4Th St, Newark, OH 43055
      View Details
    • $11 SF/Yr

      Downtown Newark Office Space Available

      6,240 SF office space with downtown views for rent.
      15 N 3Rd St, Newark, OH 43055
      View Details
    • $24 SF/Yr

      Office Suite with Private Entrance

      Lower-level office suite with storage and signage available for lease.
      1234 W Main St, Newark, OH 43055
      View Details
    • $10 SF/Yr

      High Visibility Retail Space Newark

      Functional retail space in high-traffic Newark location.
      277 Deo Dr, Newark, OH 43055
      View Details
    • $3 SF/Yr

      Vibrant Creative Space in Newark

      Transformed warehouse featuring creative spaces, retail, and dining options.
      325 W Main St, Newark, OH 43055
      View Details
    • $14 SF/Yr

      Functional Office Suite For Lease

      5,000 SF office suite with a functional layout.
      906 Sharon Valley Rd, Newark, OH 43055
      View Details
    • $8 SF/Yr

      Newark Flex/Warehouse Space Available

      Versatile 1,200 SF flex/warehouse space, ideal for various businesses.
      211 Montgomery Ave, Newark, OH 43055
      View Details
    • $10 SF/Yr

      Downtown Newark Retail Space

      Prime retail space in downtown Newark with on-site parking.
      55 W Church St, Newark, OH 43055
      View Details
    • $5,750 /Mo

      Historic Bank Branch Office Space

      Unique office space in Newark's vibrant business district.
      42 N 3Rd St, Newark, OH 43055
      View Details

    FAQs

    What type of property is this?
    Office units - Adaptable office or retail space in high-traffic Newark location.
    Where is this office units located?
    The property is located at 1000 N 21St St Newark, OH.
    What are key features of this property?
    This property features: - High visibility location on N 21st Street with nearly 28,000 vehicles passing daily.; - Versatile main level space of 777 SF suitable for office or small retail.; - Convenient access to SR-16 and connections to Heath and nearby areas.
    (740) 334-2863 Call to check price and availability
    Request Owner's contact information
    1000 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.
    1000 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
    1000 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Gebhart
    Joe Gebhart
    (740) 334-2863 (740) 587-7441 (740) 587-7334
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!