1425 N 21st St, Newark, OH
Retail property for sale in Newark, Ohio.
- Added:
- Nov 4, 2024
- Days on Market:
- 586
- Last Refresh:
- May 20 at 8:18 pm
Property Features for 1425 N 21st St
General Information
- Standard status
- Active
- Size
- 14,560 SF
- Lot size
- 1.52 Acres
- Property subtype
- RETAIL
Listing agent Peter Block (312) 343-1800
Listing office Colliers | Chicago Rosemont (312) 343-1800
Listing date Nov 4, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Chicago Rosemont
HighLights
- Signalized hard corner location with high traffic count (30,000+ cars per day).
- Strong tenant with corporate guarantee and recently extended lease.
- Located in a high‑growth area.
- Located in the heart of Newark, approximately 40 minutes from Columbus.
- Located at a hard corner lighted intersection.
- Surrounded by major retailers including Walmart, Kohl’s, Kroger, and McDonald's; near Ohio State University.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $393.1k | $27.00 |
| − Vacancy | −$14.1k | −$0.97 |
| EGI | $379.0k | $26.03 |
| − OpEx | −$113.7k | −$7.81 |
| NOI | $265.3k | $18.22 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Kimel's Flowers — 417 W Church St, Newark, OH 43055
- Climbing Rose — 265 S 21st St, Newark, OH 43055
- XOWeddings — 30 S 23rd St, Newark, OH 43055
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Licking
- State
- Ohio
- Longitude
- -82.4281
- Latitude
- 40.0868
