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    Property profile & analytics

    1240 High Ave New Philadelphia, OH 44663-6943

    • Turn key restaurants
    • 4,447 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US66-6042995
    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

    • El San Jose Mexican Restaurant / Mexican Restaurant

    Property Details for 1240 High Ave

    Year built
    2009
    Lot size
    0.50 lot acres
    Property size
    4,447 SF
    Property type
    Turn key restaurants
    APN
    43-08046.000
    APU
    4308046000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $305,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $265,000
      Mixed-Use
      $250,000
      Hospitality
      $260,000
      Educational
      $255,000
      Residential Income
      $305,000
      Energy
      $335,000
      Income-Based Land
      $305,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    New Philadelphia
    County
    Tuscarawas
    State
    Ohio
    Longitude
    -81.4723
    Latitude
    40.493
    CBSA code
    35420
    CBSA name
    NEW PHILADELPHIA-DOVER, OH MICROPOLITAN 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
    $10,506
    $131,720
    $512,770
    $644,490
    -
    $131,720
    $512,770
    $644,490

    Comparable in this City

    • Value Estimation
      $555,000
      3,900 SF

      235 Broadway St

      RESTAURANT • 3,900 SF
      235 Broadway St, New Philadelphia, OH 44663-2625
      View Details
    • Value Estimation
      $210,000
      3,166 SF

      347 Tuscarawas NW Ave

      RESTAURANT • 3,166 SF
      347 Tuscarawas NW Ave, New Philadelphia, OH 44663-1529
      View Details
    • Value Estimation by Request

      1157 High Ave

      RESTAURANT
      1157 High Ave, New Philadelphia, OH 44663-9680
      View Details
    • Value Estimation by Request
      6,375 SF

      1072 High Ave

      RESTAURANT • 6,375 SF
      1072 High Ave, New Philadelphia, OH 44663-6937
      View Details
    • Value Estimation
      $330,000
      2,220 SF

      119 Commercial SW Ave

      RESTAURANT • 2,220 SF
      119 Commercial SW Ave, New Philadelphia, OH 44663-2226
      View Details
    • Value Estimation by Request
      1,938 SF

      110 Ashwood NW Ln

      RESTAURANT • 1,938 SF
      110 Ashwood NW Ln, New Philadelphia, OH 44663-2606
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Prime Outlot Near Rural King

      1-Acre Commercial Land in Ohio
      1203 Front Ave, New Philadelphia, OH 44663
      View Details
    • Contact for pricing
      62,088 SF

      New Philadelphia Retail Center

      High-Occupancy Shopping Center, Strong NOI
      324 Bluebell Dr, New Philadelphia, OH 44663
      View Details
    • $4,150,000
      112,586 SF

      Mixed-Use Investment Opportunity

      Retail, office, and warehouse spaces available for lease or sale.
      1109-1139 Bowers Ave NW, New Philadelphia, OH 44663
      View Details
    • $219,900
      1.33 Acres

      Vacant Land Near Golf Course

      1.3 acres of vacant land near local amenities.
      Whispering Pines Dr NE, New Philadelphia, OH 44663
      View Details
    • $375,000
      0.01 Acres

      Turnkey Triplex Investment Property

      Fully occupied triplex in New Philadelphia, immediate rental income.
      837 2Nd St SE, New Philadelphia, OH 44663
      View Details
    • $1,700,000
      45,702 SF

      Truss Road Industrial Complex

      Ohio Industrial Portfolio: 45,702 SF
      1490 Truss Rd, New Philadelphia, OH 44663
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      New Philadelphia Retail Center

      Prime Retail Space, I-77 & Rt 250
      324 Bluebell Dr, New Philadelphia, OH 44663
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in New Philadelphia

      3,000 SF retail space available in New Philadelphia, Ohio.
      240-408 Bluebell Dr NW, New Philadelphia, OH 44663
      View Details
    • $1,222 /Mo
      314,242 SF

      Versatile Retail Space Available

      3,450 SF retail space in a high-traffic shopping center.
      1260 Monroe St NW, New Philadelphia, OH 44663
      View Details
    • $1,853 /Mo
      314,242 SF

      Versatile Retail Space Available

      4,680 SF retail space in a high-traffic business hub.
      1260 Monroe St NW, New Philadelphia, OH 44663
      View Details
    • $9 SF/Yr
      23,510 SF

      Monroe Plaza Executive Offices

      Prime New Philadelphia Office Space Available
      1257-1309 Monroe St, New Philadelphia, OH 44663
      View Details
    • $13 SF/Yr
      2,600 SF

      End Cap Unit with Drive-in

      2,600 SF end cap unit with two drive-in doors.
      1241-1303 Monroe St NW, New Philadelphia, OH 44663
      View Details

    Property Visit Statistics

    • Visits by month
      65.8k
    • Visitors by month
      34.2k
    • Avg Time on site
      15 min
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    1240 High Ave
    New Philadelphia, OH 44663-6943
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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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