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    247 Newark Rd Mount Vernon, OH 43050

    • Apartment buildings
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 247 Newark Rd

    Year built
    1921
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.484
    Latitude
    40.3798

    Comparable in this City

    • Value Estimation by Request

      708 Chestnut St

      Multifamily properties
      708 Chestnut St, Mount Vernon, OH 43050
      View Details
    • Value Estimation by Request

      301 Vine St

      Multifamily properties
      301 Vine St, Mount Vernon, OH 43050
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    • Value Estimation by Request

      803 Chestnut St

      Multifamily properties
      803 Chestnut St, Mount Vernon, OH 43050
      View Details
    • Value Estimation by Request
      0.48 Acres

      Johnson Ave

      MOBILE HOME PARK, TRAILER PARK • 0.48 Acres
      Johnson Ave, Mount Vernon, OH 43050
      View Details
    • Value Estimation by Request
      0.49 Acres

      610 Johnson Ave

      MOBILE HOME PARK, TRAILER PARK • 0.49 Acres
      610 Johnson Ave, Mount Vernon, OH 43050-4416
      View Details
    • Value Estimation by Request
      552 SF

      Williams St

      MOBILE HOME PARK, TRAILER PARK • 552 SF
      Williams St, Mount Vernon, OH 43050
      View Details

    Similar Nearby for Sale

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    • New
      $179,900
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      Updated Duplex in Mount Vernon

      Move-in ready duplex, ideal for investors or owner-occupants.
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    Similar Nearby for Lease

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      7,432 SF

      Coshocton Ave Retail Center

      7,432 SF Retail Space Available in Mt. Vernon, OH
      408 Coshocton Ave, Mount Vernon, OH 43050
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      Commercial Land in Knox Village

      Land with excellent visibility along Coshocton Avenue.
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    • $3 SF/Yr
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      Heartland Commerce Park Warehouse

      57,000 SF Industrial Space Available
      105 Sandusky - Shipping & Receiving, Mount Vernon, OH 43050
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    • $0.02 SF/Yr
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      Coshocton Avenue Retail Space

      Prime Mount Vernon Retail Opportunity
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      Retail Space in Busy Center

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      Mount Vernon Industrial Flex Space

      2,870 SF Flex Space, 5 Acres
      8684 Columbus Rd, Mount Vernon, OH 43050
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    247 Newark Rd
    Mount Vernon, OH 43050
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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

    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.

    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
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