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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Retail space
124 30th St Newark, OH 43055-1961
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1149499
Property summary
AI-generated overview
This exceptional 6,400 square foot special purpose property, located at 124 S 30th Street, Newark, OH 43055, presents a unique investment opportunity. Currently configured as a salon/spa, this multi-tenant building offers a minimum divisible space of 797 square feet, with 1,595 square feet currently vacant. The building sits on a 0.55-acre lot and boasts 35 total parking spaces, ensuring ample convenience for clients and staff. The property features prominent street-facing visibility on S 30th Street, near the intersection with Steel Ave. Its design includes purpose-built cutouts ideal for salon or spa operations, along with a dedicated professional administration area. The interior ambiance is contemporary and modern, enhanced by abundant natural light. This location offers a compelling blend of urban convenience and local charm, situated near the Midland Theatre, The Works Museum, and the Newark Earthworks. The property's APN is 054-229308-00.000. This is an excellent opportunity to establish or expand a thriving business in a vibrant and desirable location. The building's single suite layout offers flexibility for a variety of uses within the special purpose designation. Contact us today to learn more about this exceptional property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Total area
6,476 SF
Lot
0.55 ac (23,958 SF)
APN
054-229308-00.000
UPID
US66-1149499
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
-
Amy Haberman at Sandra’s Salon Hair Salon
-
FantasyColor & Hair Salon
-
BNB Beauty formally David Sanor Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$628k
Blend (final)
Blend
$620k
Owner & transaction history
Triple J&r Homes Ohio LLC · 3 yrs held
Triple J&r Homes Ohio LLC
since 2022
Last sale
$645,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$665,000
+42.5%
Office building
$620,000
+32.4%
Commercial (general)
$525,000
+12.2%
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
Method
Estimation
Statistic approach
$385,000
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$470,000
Current use
RESTAURANT
$665,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$620,000
Change: +32% · Conversion: Easy
COMMERCIAL (GENERAL)
$525,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$515,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $645k (Jul 29 2022)
Last sale anchor
$645k
Jul 29 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
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
$8,232
Tax year 2023
Assessed value
$200,100
Assessed 2023
Previous assessed
$200,100
+0.0% YoY
Effective rate
4.11%
On assessed value
Assessed land
$43,330
Assessed improvement
$156,770
Land market value
$123,800
Improvement market value
$447,900
Total market value
$571,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Total area
6,476 SF
Lot
0.55 ac (23,958 SF)
APN
054-229308-00.000
UPID
US66-1149499
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$470,000
RESTAURANT
Est. value
$665,000
OFFICE BUILDING
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$515,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Triple J&r Homes Ohio LLC
Entity
Mailing address
305 VINEYARD TOWN CTR #225, MORGAN HILL, CA 95037-5674
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$645,000
Triple J&r Homes Ohio LLC
Magnolia Tree Properties LLC
Limited Warranty Deed
$516,000 · Premier Bank
Mar 10, 2020
—
Magnolia Tree Properties LLC
—
Deed
related
$170,000 · The Park National Bank
Mar 6, 2018
$587,000
Magnolia Tree Properties LLC
Sbw LLC
Warranty Deed
$255,338 · The Park National Bank
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.
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