Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vibrant Creative Space in Newark Title is generated by Realmo AI

    325 W Main St, Newark, OH 43055

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr

    Transformed warehouse featuring creative spaces, retail, and dining options.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 5 at 11:52 pm

    Property Features for 325 W Main St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1945

    Spaces For Lease

    at 325 W Main St Contact us

    We can help!

    Listing Contact
    Steve Layman

    Listing agent Steve Layman

    Listing office

    Listing date Mar 6, 2026

    Source Shai-hess

    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 Steve Layman

    HighLights

    • Prime location on W Main St in the heart of Newark's bustling city center.
    • Part of Newark Station, a redeveloped warehouse featuring loft apartments, art studios, offices, and event spaces.
    • Features an outdoor plaza, small‑batch coffee roasting with retail, and upscale dining.
    • Close proximity to the Canal Market District, providing community events and fresh local produce.
    • Surrounded by boutique shops, cozy cafes, and inviting restaurants.
    • High visibility and foot traffic due to nearby shopping centers and local landmarks.

    Overview

    Newark Station is a redeveloped former warehouse transformed into a vibrant creative space. The property features loft apartments, art studios, offices, and event spaces, all centered around an outdoor plaza. The venue also offers small-batch coffee roasting with retail options and upscale dining. Located on W Main St in the bustling city center of Newark, the area provides a mix of historical charm and modern convenience. The location is suitable for retail or free-standing building tenants. The picturesque downtown area features boutique shops, cafes, and restaurants. The Canal Market District provides a hub for community events and fresh local produce. The location benefits from bustling commercial activity, including shopping centers and local landmarks, ensuring a steady flow of potential customers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mid-State Warehouses Warehouse & Storage Newark Station Tour Operator Earthworks Cafe & Lounge Cafe & Coffee Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.388
    Latitude
    40.0594

    Nearby Similar for Lease

    • $2,000/Mo
      1,450 SF

      Refinished Basement Office Suite

      Independent office suite with private entrances and parking.
      130 W Main Street, Newark, OH 43055
      View Details
    • $3,000/Mo
      1,800 SF

      Downtown Newark Commercial Space Available

      1,800 sq ft commercial space in vibrant downtown Newark.
      4 N Park Place, Newark, OH 43055
      View Details
    • $10 SF/Yr
      2,152 SF

      Newark Flex Space with Garage

      Versatile 2,152 SF flex space in downtown Newark.
      63 N 4th St, Newark, OH 43055
      View Details
    • $11 SF/Yr
      6,240 SF

      Downtown Newark Office Space Available

      6,240 SF office space with downtown views for rent.
      15 N. Third Street, Newark, OH 43055
      View Details
    • $24 SF/Yr
      544 SF

      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
    • $14 SF/Yr
      5,000 SF

      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
      2,645 SF

      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
      10,650 SF

      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
      6,920 SF

      Historic Bank Branch Office Space

      Unique office space in Newark's vibrant business district.
      42 N 3rd Street, Newark, OH 43055
      View Details
    • $10 SF/Yr
      1,700 SF

      High Visibility Retail Space Newark

      Functional retail space in high-traffic Newark location.
      277 Deo Drive, Newark, OH 43055
      View Details
    • $15 SF/Yr
      1,373 SF

      Versatile Space on N 21st

      Adaptable space suitable for office or small retail business.
      1000 N 21st St, Newark, OH 43055
      View Details
    • $12 SF/Yr
      1,425 SF

      Retail Space in Newark, OH

      Charming retail space with high visibility and ample parking.
      225 South 21st Street, Newark, OH 43055
      View Details

    FAQs

    What type of property is this?
    Creative space - Transformed warehouse featuring creative spaces, retail, and dining options.
    Where is this creative space located?
    The property is located at 325 W Main St Newark, OH.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Prime location on W Main St in the heart of Newark's bustling city center.; Part of Newark Station, a redeveloped warehouse featuring loft apartments, art studios, offices, and event spaces.; Features an outdoor plaza, small‑batch coffee roasting with retail, and upscale dining.
    (740) 404-3446
    We can help!
    Listing Contact
    Steve Layman
    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

    Thank You for Inquiry
    325 W Main St, Newark, OH 43055
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!