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    200 Speedway Dr Newark, OH

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    For Sale
    $1,050,000

    Highly visible development site accessible from Thornwood Crossing Exit.

    Lot size:
    2.10 Acres

    Property Features for 200 Speedway Dr

    General Information

    Lot size
    2.10 Acres

    Source: SHAI-Hess Commercial Real Estate Agent J. Park Shai III

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

    Overview

    Development Site Near SR-16

    This outstanding development site is located next to fast food and retail locations. It offers high visibility from SR-16 and is easily accessible from the Thornwood Crossing Exit. The location is phenomenal and provides extremely high visibility.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Auto Repair Shop Kitchen & Bath HVAC Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.384262
    Latitude
    40.121636

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    FAQs

    What type of property is this?
    Land - Highly visible development site accessible from Thornwood Crossing Exit.
    Where is this land located?
    The property is located at 200 Speedway Dr Newark, OH.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Highly visible from SR-16 and extremely high visibility; - Next to fast food/retail locations; - Easily accessible from Thornwood Crossing Exit
    (740) 404-0665
    Request Owner's contact information
    200 Speedway Dr Newark, OH
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    Newark, OH
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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
    200 Speedway Dr Newark, OH
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