Add Listing
    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

    277 Deo Dr Newark, OH 43055

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr

    Functional retail space in high-traffic Newark location.

    We can help!

    Listing Contact
    Brandon Hess
    Brandon Hess
    Source: Shai-hess

    Listing Agent: Brandon Hess

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

    Learn more

    Overview

    High Visibility Retail Space Newark

    This 1,700 square foot retail space is located on Deo Drive in Newark, Ohio. The property benefits from continuous road frontage, high visibility, and building and road signage. Situated in a highly populated area near national brand businesses and both single-family and multi-family housing, the property is positioned near the main shopping corridor of N 21st Street and SR-13. The space features an open front showroom and service counter. The back-of-house area is designed for efficiency, including a 3-bay sink, hand-wash and mop sinks, and a large break room/office. This layout is suitable for operators requiring both retail presence and support space.
    Location Intelligence

    Current Use by Public Records

    Darcy's Barber Shop Barber Shop Damn Good Popcorn (Bike/Boat/Book/etc) Store Cien Credit Repair ... Financial Advisor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.42292
    Latitude
    40.086211

    Nearby Similar for Lease

    • $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
    • $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
    • $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
    • $2,500 /Mo

      Charming Retail/Office Space in Newark

      2,118 SF retail/office space with historic charm in downtown Newark.
      5 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
    • $1,000 /Mo

      Downtown Newark Office Space Available

      Office space in downtown Newark with parking included.
      29 N 4Th St, Newark, OH 43055
      View Details
    • $2,000 /Mo
      2,000 SF

      Retail Space on Deo Drive

      2,000 SF retail space with high visibility.
      238-305 Deo Dr, Newark, OH 43055
      View Details
    • $2,000 /Mo
      4,000 SF

      Versatile Office/Warehouse Space Available

      Spacious office and warehouse with adaptable environment for business operations.
      1725 Mount Vernon Rd, Newark, OH 43055
      View Details
    • $10 SF/Yr

      Retail Space on Deo Drive

      Retail space with high visibility in Newark, Ohio.
      287 Deo Dr, 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
    • $11 SF/Yr

      Office Space with Tenant Improvement

      Office space available with tenant improvement allowance in Newark.
      1984 Coffman 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

    FAQs

    What type of property is this?
    Retail space - Functional retail space in high-traffic Newark location.
    Where is this retail space located?
    The property is located at 277 Deo Dr Newark, OH.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Strategically located on Deo Drive connecting N 21st Street and SR-13, offering high visibility and accessibility.; - Functional 1,700 SF retail space with open showroom and service counter.; - Efficient back-of-house with 3-bay sink, hand-wash and mop sinks, and large break room/office.
    (740) 587-7441
    Request Owner's contact information
    277 Deo Dr 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.
    277 Deo Dr
    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
    277 Deo Dr 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
    Brandon Hess
    Brandon Hess
    (740) 587-7441 (740) 819-2673
    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!