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    135 Deo Dr Newark, OH 43055

    Sponsored
    For Lease
    $20 SF/Yr

    Class A medical office suites, excellent location.

    Lot size:
    24,392 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A medical office building, constructed in 2007, offers 24,392 square feet of space in Newark, Ohio. The single-story building features three suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 114,392 square feet. Currently, 6,400 square feet is available. The property sits on a 6.97-acre lot and boasts 802 parking spaces, providing ample convenience for patients and staff. The building features a 16-foot ceiling height. Located at 135 Deo Dr, Newark, OH 43055, this property enjoys a prime location with excellent visibility and access from Deo Drive and Mount Vernon Road, near major roadways including US Route 16. The property benefits from its proximity to a thriving retail corridor, including major retailers like Walmart, Kroger, Home Depot, and numerous restaurants and amenities. The area is experiencing significant population growth fueled by major tech company expansions in the Columbus MSA, resulting in a strong and affluent demographic profile. The property is zoned for General Business and has an APN of 5427027000000. Taxes are $1.85 per square foot. This presents a unique opportunity for medical practices seeking a high-visibility location within a rapidly growing market. The property is situated in the Licking County submarket of the Columbus MSA.

    Property Features for 135 Deo Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,392 SF
    Class
    A
    Total Rate
    40653.33

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    1st Fl, Ste 200 - First Gen
    Size
    3,200 SF
    Rate per SF
    $20
    Space
    1st Fl, Ste 100 - Second Gen
    Size
    3,200 SF
    Rate per SF
    $20
    Space
    Build to Suit
    Size
    90,000 SF
    Rate per SF
    $20

    HighLights

    • Intel's $28B Columbus investment is 20 miles away, fueling expected population growth in Licking County.
    • Licking County attracts high‑tech investment, with existing presence from Intel, Meta, Google, and Amazon.
    • Proximity to Ohio State University (2.5 miles) and Denison University (6 miles).
    • Owner seeks joint venture partners for high‑cash‑flow businesses serving the local community.
    • 24,392 SF retail center, 100% occupied by a high‑performing 24/7 Planet Fitness, plus a 90,000+ SF outlot.
    • 6,400 SF available (divisible), 16' ceilings, 80' glass frontage; expandable to 13,000+ SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.419984435353
    Latitude
    40.084972082856

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    FAQs

    What type of property is this?
    Individual retail property - Class A medical office suites, excellent location.
    Where is this individual retail property located?
    The property is located at 135 Deo Dr Newark, OH.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Intel's $28B Columbus investment is 20 miles away, fueling expected population growth in Licking County.; Licking County attracts high-tech investment, with existing presence from Intel, Meta, Google, and Amazon.; Proximity to Ohio State University (2.5 miles) and Denison University (6 miles).
    Request Owner's contact information
    135 Deo Dr Newark, OH 43055
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    Newark, OH 43055
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    Realmo Value Estimation

    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

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    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.

    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
    135 Deo Dr Newark, OH 43055
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