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    Property profile & analytics

    955 21St St Newark, OH 43055

    • Drug stores
    • 10,242 SF
    • 1.75 lot acres
    For Sale
    View listing
    $2,515,000
    Value Estimation
    Last Sale
    Jan 15, 2020
    Location Intelligence
    Property ID
    US66-0641719
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • CVS Photo / Passport Photo Processor / Digital Printer
    • MinuteClinic at CVS / Walk-In Clinic / Local Medical Services
    • Redbox / Movie Rental Kiosk / Dvd Store
    • MoneyGram / Money Transfer Service
    • CVS / Convenience Store / Cosmetics Store

    Property Details for 955 21St St

    Year built
    1998
    Lot size
    1.75 lot acres
    Property size
    10,242 SF
    Property type
    Drug stores
    APN
    054-259398-00.000
    APU
    5425939800000

    Description

    This fee-simple, 10,242 sq ft CVS Pharmacy in Newark, OH, presents a compelling investment opportunity. Boasting a 5.00% cap rate and a strong $125,730 NOI, this property benefits from a long-term, absolute NNN lease with a credit-rated tenant, CVS Pharmacy. Built in 1998 on a 1.75-acre lot, the property features a remaining lease term of 5.2 years with six 5-year renewal options remaining, and the tenant recently exercised a renewal in June 2024. The property enjoys a prime location at a signalized intersection with high daily traffic counts, surrounded by other national retailers. The location is further enhanced by its proximity to major state highways and a strong demographic profile within a 5-mile radius, including a high average household income. This location consistently outperforms other CVS locations nationwide, ranking in the top 40% nationally and top 19% in Ohio. The property is 100% occupied and offers a management-free investment opportunity with zero landlord responsibilities, as the tenant covers all CAM, taxes, and insurance. The property's strong performance, coupled with the long-term lease and corporate guarantee, makes it an attractive addition to any investment portfolio. The asking price is $2,515,000.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4294
    Latitude
    40.0742
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,360
    $336,880
    $352,490
    $689,370
    -
    $962,500
    $1,007,100
    $1,969,600

    Comparable in this City

    • Value Estimation by Request
      14,509 SF

      1425 21st St

      DRUG STORE, PHARMACY • 14,509 SF
      1425 21st St, Newark, OH 43055-3069
      View Details
    • Value Estimation by Request
      0.35 Acres

      Jacksontown Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 0.35 Acres
      Jacksontown Rd, Newark, OH 43055
      View Details
    • Value Estimation by Request
      0.01 Acres

      330 National Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      330 National Dr, Newark, OH 43055-4837
      View Details
    • Value Estimation by Request
      1.76 Acres

      Marion Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.76 Acres
      Marion Rd, Newark, OH 43055
      View Details
    • Value Estimation by Request
      2,730 SF

      153 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 2,730 SF
      153 2nd St, Newark, OH 43055-5441
      View Details
    • Value Estimation by Request
      1,254 SF

      41 Church St

      RETAIL STORES (PERSONAL SERVICES) • 1,254 SF
      41 Church St, Newark, OH 43055-5662
      View Details

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    955 21St St
    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

    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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