New search
Property profile & analytics
FOR LEASE
Office buildings
1000 N 21St St, Newark, OH 43055
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-1790936
For Lease
1 / 2
$14 SF/Yr
1000 N 21St St, Newark, OH 43055
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
2,573 SF
Lot
0.32 ac (13,939 SF)
APN
054-259542-00.000
UPID
US66-1790936
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Farmers Insurance - Jeffrey Anderson Insurance Agency
-
Russ & Associates Accounting and Tax Specialists, LLC Accounting Firm Tax Preparation
-
Forgrave Financial Strategies Financial Advisor
-
Safe Place Bedding LLC Production Facility
-
Retirement Specialists of Central Ohio Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kiger Investments LLC · 7 yrs held
Kiger Investments LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,907
Tax year 2023
Assessed value
$167,930
Assessed 2023
Previous assessed
$167,930
+0.0% YoY
Effective rate
4.11%
On assessed value
Assessed land
$61,600
Assessed improvement
$106,330
Land market value
$176,000
Improvement market value
$303,800
Total market value
$479,800
Applied tax rate
54.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1974
Heating
NONE
Stories
1
Total area
2,573 SF
Lot
0.32 ac (13,939 SF)
APN
054-259542-00.000
UPID
US66-1790936
Jurisdiction
LICKING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Kiger Investments LLC
Entity
Mailing address
4777 NATIONAL RD SE, HEBRON, OH 43025-8400
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2018
$225,000
Kiger Investments LLC
Mbbp Ents
Quit Claim Deed
related
—
Nov 2, 2018
$375,000
Carson Realty I LLC
Kiger Investments LLC
Warranty Deed
$200,798 · Heartland Bank
Feb 9, 2018
—
Mbbp Enterprises An Ohio Partnershi
—
Deed
related
$101,250 · Heartland Bank
Oct 21, 2016
—
Mbbp Ents
—
Deed
related
$102,000 · Heartland Bk
Oct 21, 2015
$315,000
Mbbp Enterprieses
Mhpbb Enterprises
Warranty Deed
—
—
—
Mbbp Ents
—
Deed Of Trust
related
$102,000 · Heartland Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
