8954 Newark Road, Nashport, OH 43830

Listing Agency: EXP Realty, LLC Show Phone

Listed By: Ryan J Ruehle · License #2003013260 Show Phone

Source: Maryhatem

Added: Sep 20 Changed: Nov 6 Last Checked: Nov 6 at 8:26AM

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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 EXP Realty, LLC

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Investment Insights

Based on property information with market context.

This flex property at 8954 Newark Road includes approximately 2,000 square feet arranged for showroom, office, and flexible commercial use. The adaptable configuration has supported both a doggy day care and a used car lot, demonstrating its ability to accommodate different operating formats.

The property benefits from frontage along a corridor carrying 7k+ cars daily. An adjacent 2,000 sf area with high bay overhead doors is also available, providing an option for users needing additional space or taller-door access. The combined offering can support retail, showroom, office, and service-oriented operations, subject to applicable requirements.

Key Highlights

• Approximately 2,000 square feet of showroom, office, and flex space
• 7k+ cars daily along the frontage
• Adjacent 2,000 sf available with high bay overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,572

Suggested Prices Based on Cap Rates

Cap Rate 5%

$151,440 $151.4K

Cap Rate 7%

$108,171 $108.2K

Cap Rate 9%

$84,133 $84.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$12.7K $6.36/SF

− Vacancy

−$1.1K −$0.54/SF

EGI

$11.6K $5.82/SF

− OpEx

−$4.1K −$2.04/SF

NOI

$7.6K $3.79/SF

Area

Muskingum County, OH

Vacancy

8.42%

Lease Rate

$6.36 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$151,440

Cap Rate 7%

$108,171

Cap Rate 9%

$84,133

Alternative Uses

Best Use

Retail

$185.3K

$162.1K – $216.2K (±1% cap)

NOI $12,970 @ 7.0% cap · market cap 518.80%

Second Best

Industrial

$176.7K

$154.6K – $206.2K (±1% cap)

NOI $12,370 @ 7.0% cap · market cap 494.80%

Theoretical Best

Office A

$434.1K

$379.8K – $506.4K (±1% cap)

NOI $30,386 @ 7.0% cap · market cap 1,215.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 43830, OH

6,593

Population

2,201

Households

3

Avg Household Size

40

Median Age

40%

College-Educated

93%

High-School Grad

50.0 sq mi

ZIP Area

132

Density / Sq Mi

$112,684

Median Household Income

$49,672

Median Earnings

$925

Median Rent

$222,400

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Adaptable commercial space combines showroom, office, and flex functions for varied business operations.

Where is this flex space located?

The property is located at 8954 Newark Road Nashport, OH.

What are key features of this property?

This property features: Approximately 2,000 square feet of showroom, office, and flex space; 7k+ cars daily along the frontage; Adjacent 2,000 sf available with high bay overhead doors