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    1987 Coffman Rd Newark, OH 43055

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    For Sale
    $775,000

    7,368 SF flex space with warehouse and parking.

    Property size:
    7,368 SF
    Lot size:
    1.90 Acres

    Property Features for 1987 Coffman Rd

    General Information

    Size
    7,368 SF
    Lot size
    1.90 Acres

    Source: SHAI-Hess Commercial Real Estate Agent Stephen Layman

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

    Overview

    Versatile Flex Space Building

    This 7,368 square foot building features a blend of office and flex space. The warehouse includes two 12-foot drive-in doors and radiant heated floors with drains throughout. The property is serviced by city water and sewer with 3-phase electric. Situated on a 1.89-acre lot, the property offers 12 paved parking spaces and an additional gravel lot for expanded parking or outdoor storage.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drumms Family Billiards Pool Hall Drumm's Family Billiards Pool Hall

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4700458
    Latitude
    40.0378502

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    FAQs

    What type of property is this?
    Flex space - 7,368 SF flex space with warehouse and parking.
    Where is this flex space located?
    The property is located at 1987 Coffman Rd Newark, OH.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - 7,368 sq ft of versatile office and flex space; - 1.89-acre lot with 12 paved parking spaces plus additional gravel lot; - Warehouse with **two 12-foot drive-in doors**
    (740) 404-3446
    Request Owner's contact information
    1987 Coffman Rd 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
    1987 Coffman Rd Newark, OH 43055
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