Office Suite with Private
New
For Sale
Contact for pricing
68 W Church Street 3E, Newark, OH 43055
Third-floor workspace includes a reception area, elevator access, and options to connect with adjoining suites.
Property Size818 SF
Price / SF$1.00
Days on Market3
Property Features for 68 W Church Street 3E
General Information
Standard status
Active
Size
818 SF
Elevators
Yes
Space & Availability
Floor
3
Condition
Built-Out
Additional Details
Property Use
Office, Medical, Counseling, Service-Based
Amenities
keyless entry
ADA-compliant restroom
Listing Agency:
Real Estate Opportunity
(614) 924-0410
Listed By:
Ann Adams · License #2014003309
(614) 483-2315
Source:
Maryhatem
Added: Oct 28
Last Checked: Oct 28 at 2:52PM
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 Real Estate Opportunity
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 818-square-foot office suite is on the third floor at 68 W Church Street. Its layout provides a reception area and four private offices, with keyless entry and elevator service. The updated building also has an ADA-compliant restroom and offers connecting suites and build-to-suit layouts.
Off-street parking, including covered spaces, serves the property at this Newark address.
Off-street parking, including covered spaces, serves the property at this Newark address.
Key Highlights
- 818‑square‑foot suite on the third floor at 68 W Church Street, Newark, OH 43055
- Four private offices plus a reception area
- Elevator access and keyless entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,071
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,420
$201.4K
Cap Rate 7%
$143,871
$143.9K
Cap Rate 9%
$111,900
$111.9K
Market Conditions
NOI Build-Up for 818 SF
Gross rent
$17.7K $21.60/SF
− Vacancy
−$4.2K −$5.18/SF
EGI
$13.4K $16.42/SF
− OpEx
−$3.4K −$4.10/SF
NOI
$10.1K $12.31/SF
Area
Licking County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,420
Cap Rate 7%
$143,871
Cap Rate 9%
$111,900
Alternative Uses
Best Use
Office B
$143.9K
$125.9K – $167.9K
NOI $10,071 @ 7.0% cap · market cap 1,231.17%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$657.0K
$574.8K – $766.5K
NOI $45,987 @ 7.0% cap · market cap 5,621.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 43055, OH
62,590
Population
27,046
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
112.7 sq mi
ZIP Area
555
Density / Sq Mi
$61,807
Median Household Income
$39,412
Median Earnings
$920
Median Rent
$185,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Third-floor workspace includes a reception area, elevator access, and options to connect with adjoining suites.
Where is this office unit located?
The property is located at 68 W Church Street 3E Newark, OH.
What are key features of this property?
This property features: 818‑square‑foot suite on the third floor at 68 W Church Street, Newark, OH 43055; Four private offices plus a reception area; Elevator access and keyless entry
