261 Granville St, Newark, OH
Highly visible 844 SF retail building near Downtown Newark.
- Added:
- Apr 26, 2022
- Days on Market:
- 1510
- Last Refresh:
- May 20 at 8:17 pm
Property Features for 261 Granville St
General Information
- Standard status
- Active
- Size
- 844 SF
- Lot size
- 0.29 Acres
- Property subtype
- RETAIL
Listing agent Joe Gebhart (740) 334-2863
Listing office SHAI-Hess Commercial Real Estate (740) 334-2863
Listing date Apr 26, 2022
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
HighLights
- Highly visible corner lot
- 844 SF building
- Close to Newark High School
- Minutes away from Downtown Newark
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 | $22.8k | $27.00 |
| − Vacancy | −$816 | −$0.97 |
| EGI | $22.0k | $26.03 |
| − OpEx | −$6.6k | −$7.81 |
| NOI | $15.4k | $18.22 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Kimel's Flowers — 417 W Church St, Newark, OH 43055
- Petals 'N' Plants Florist Shoppe — newark, oh 43055
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Licking
- State
- Ohio
- Longitude
- -82.4168
- Latitude
- 40.0621
