Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    211 Montgomery Ave Newark, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,600 SF flex/warehouse space with offices and garage doors.

    Type:FLEX_R_AND_D
    Property size:
    3,600 SF
    Lot size:
    0.30 Acres
    Added:
    Aug 14, 2025
    Days on Market:
    259
    Last Refresh:
    Apr 5 at 10:44 pm

    Property Features for 211 Montgomery Ave

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Lot size
    0.30 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 211 Montgomery Ave Contact us

    We can help!

    Listing Contact
    Eddie Hunt
    Eddie Hunt

    Listing agent Eddie Hunt

    Listing office SHAI-Hess Commercial Real Estate

    Listing date Aug 14, 2025

    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 SHAI-Hess Commercial Real Estate

    Overview

    Versatile Flex/Warehouse Space Available

    This 3,600 square foot flex/warehouse space is suitable for small businesses, contractors, or light industrial users. The unit includes three 14-foot overhead garage doors to facilitate loading and unloading. It also features two private offices and two restrooms. The office areas are air-conditioned, providing year-round comfort. The warehouse space is heated with gas heat. This space is suited for storage, light manufacturing, or service operations. The property is located in a convenient and accessible location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Perkins Performance LLC Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.3741
    Latitude
    40.0653

    Nearby Similar for Lease

    • $2,000/Mo

      Refinished Basement Office Suite

      Independent office suite with private entrances and parking.
      130 W Main Street, Newark, OH 43055
      View Details
    • $3,000/Mo

      Downtown Newark Commercial Space Available

      1,800 sq ft commercial space in vibrant downtown Newark.
      4 N Park Place, 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 Road, Newark, OH 43055
      View Details
    • $12 SF/Yr

      Commercial Space in Newark, OH

      Office building for lease, currently operating as a saloon.
      N 22 Street, 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 Street, 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. Third Street, Newark, OH 43055
      View Details
    • $1,000/Mo

      Downtown Newark Office Space Available

      Office space in downtown Newark with parking included.
      29 N 4th Street, 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
    • $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
    • $2,000/Mo

      Versatile Office/Warehouse Space Available

      Spacious office and warehouse with adaptable environment for business operations.
      1725 Mount Vernon Rd, 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

    FAQs

    What type of property is this?
    Flex space - 3,600 SF flex/warehouse space with offices and garage doors.
    Where is this flex space located?
    The property is located at 211 Montgomery Ave Newark, OH.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 3,600 SF flex/warehouse space suitable for various business types.; Three 14‑foot overhead garage doors for efficient loading.; Two private offices and two restrooms.
    (740) 404-1259 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eddie Hunt
    Eddie Hunt
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!