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Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Warehouses
126 New Pace Rd Newcomerstown, OH 43832-1200
Entity Owned
Absentee Owner
Free & Clear
Property ID
US66-1928988
Property summary
AI-generated overview
This multi-tenant industrial warehouse, located at 126 New Pace Rd, Newcomerstown, OH 43832, presents a compelling value-add investment opportunity. The 55,500 square foot facility sits on a 2.557-acre lot and boasts 100% occupancy with three tenants under a gross lease. The current lease term has approximately 1.1 years remaining. The property features six loading docks and four drive-in doors, catering to diverse operational needs. Ceiling heights vary from 14 to 21 feet, with Bay #4 offering clear span construction. Electrical capacity is substantial, with Bay #1 featuring a 1200 Amp, 240 Volt, 3-Phase system and Bay #3 equipped with a 600 Amp, 480/277 Volt, 3-Phase system. A sprinkler system is in place throughout the building. Built in 1972, this fee simple ownership (land and building) offers a strong NOI of $211,667, resulting in an 8.82% cap rate at an asking price of $2,400,000 ($43.24/sq ft). No ground lease or lease options are available. This property is ideal for investors seeking immediate cash flow and potential for future value appreciation. The property is currently fully leased, providing a stable income stream.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Total area
53,408 SF
Lot
2.56 ac (111,383 SF)
APN
45-02442.000
UPID
US66-1928988
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
-
Universal Wellhead Services Holdings Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.74M
Owner & transaction history
BMS ENTERPRISE LLC
BMS ENTERPRISE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.7M
+30.0%
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 Newcomerstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newcomerstown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,090,000
Current use
INDUSTRIAL (GENERAL)
$2,720,000
Change: +30% · Conversion: Easy
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±10%
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
$33 / 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
$17,084
Tax year 2023
Assessed value
$1,043,750
Assessed 2023
Previous assessed
$364,658
+186.2% YoY
Effective rate
1.64%
On assessed value
Assessed land
$38,740
Assessed improvement
$1,005,010
Land market value
$38,740
Improvement market value
$1,005,010
Total market value
$1,043,750
Applied tax rate
45.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Heating
FLOOR/WALL FURNACE
Cooling
NONE
Stories
1
Total area
53,408 SF
Lot
2.56 ac (111,383 SF)
APN
45-02442.000
UPID
US66-1928988
Jurisdiction
TUSCARAWAS
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
WAREHOUSE, STORAGE Current
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1971
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
2.56 ac
Current owner
From public records · entity-resolved
BMS ENTERPRISE LLC
Entity
Free & Clear · 0 yrs held
Mailing address
554 LAUREL CHERRY LN, VENICE, FL 34293-7244
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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