Third-Floor Office
New
For Sale
Contact for pricing
68 W Church Street 315A, Newark, OH 43055
A private workspace with elevator access and parking options suits office, medical, counseling, and service businesses.
Property Size426 SF
Price / SF$1.40
Days on Market4
Property Features for 68 W Church Street 315A
General Information
Standard status
Active
Size
426 SF
Elevators
Yes
Additional Details
Floor
3
Property Use
Office
Amenities
keyless entry
ADA-compliant restroom
flexible layouts
build-to-suit options
Listing Agency:
Real Estate Opportunity
(614) 924-0410
Listed By:
Ann Adams · License #2014003309
(614) 483-2315
Source:
Maryhatem
Added: Oct 30
Last Checked: Nov 1 at 5:30AM
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 426-square-foot private office suite occupies the third floor of a recently updated building. Elevator access and keyless entry serve the suite, and the building includes an ADA-compliant restroom. Connecting suites and build-to-suit layouts are available for businesses seeking a flexible office configuration.
The property is at 68 W Church Street in downtown Newark. Parking options include off-street spaces and covered parking.
The property is at 68 W Church Street in downtown Newark. Parking options include off-street spaces and covered parking.
Key Highlights
- 426‑square‑foot private office suite on the third floor
- Elevator access and keyless entry
- Recently updated building with an ADA‑compliant restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,245
Suggested Prices Based on Cap Rates
Cap Rate 5%
$104,900
$104.9K
Cap Rate 7%
$74,929
$74.9K
Cap Rate 9%
$58,278
$58.3K
Market Conditions
NOI Build-Up for 426 SF
Gross rent
$9.2K $21.60/SF
− Vacancy
−$2.2K −$5.18/SF
EGI
$7.0K $16.42/SF
− OpEx
−$1.7K −$4.10/SF
NOI
$5.2K $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%
$104,900
Cap Rate 7%
$74,929
Cap Rate 9%
$58,278
Alternative Uses
Best Use
Healthcare Medical
$89.8K
$78.5K – $104.7K
NOI $6,283 @ 7.0% cap · market cap 1,055.97%
Second Best
Office B
$74.9K
$65.6K – $87.4K
NOI $5,245 @ 7.0% cap · market cap 881.51%
Theoretical Best
Flex RnD
$342.1K
$299.4K – $399.2K
NOI $23,949 @ 7.0% cap · market cap 4,025.04%
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 - A private workspace with elevator access and parking options suits office, medical, counseling, and service businesses.
Where is this office unit located?
The property is located at 68 W Church Street 315A Newark, OH.
What are key features of this property?
This property features: 426‑square‑foot private office suite on the third floor; Elevator access and keyless entry; Recently updated building with an ADA‑compliant restroom
