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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1277 Maple Ave Zanesville, OH 43701-2849

    • Office Properties & Spaces
    • 2,849 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jul 12, 2022
    $187,500
    Value Estimations
    $190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0563661
    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

    • Tracey Bateson: Allstate Insurance / Motorcycle Insurance Agency / Renter'S Insurance Agency

    Property Details for 1277 Maple Ave

    Year built
    1940
    Lot size
    0.23 lot acres
    Property size
    2,849 SF
    Property type
    Office Properties & Spaces
    APN
    84-06-01-01-000
    APU
    84060101000

    Description

    This stunning 1940 stone building at 1277 Maple Avenue, Zanesville, Ohio, presents a unique commercial opportunity. Priced at $374,000, this special purpose property boasts a generous 5,478 square feet (calculated from price per square foot and asking price) situated on a sizable 10,018.8 square foot lot. The building features six offices, a comfortable waiting area, and two bathrooms, providing ample space for a variety of businesses. A full basement offers additional storage or expansion potential. The property also includes a detached two-car garage and numerous parking spaces, ensuring convenient access for clients and employees. Recent upgrades include new flooring and interior paint, enhancing the building's appeal and functionality. Located in the desirable Zanesville, OH, 43701 area, this property benefits from its prime location on Maple Avenue, offering excellent visibility and accessibility. This is an exceptional opportunity to acquire a well-maintained, historically significant commercial building in a thriving location. The combination of its attractive features, convenient amenities, and strategic location makes this property an ideal investment for discerning buyers seeking a strong foothold in the Zanesville market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $165,000
      ML approach
      $155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $260,000
      Market price range: $67.8k - $272k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $160,000
      Current use
      OFFICE BUILDING
      $255,000
      Change: +58% Conversion: Easy
      RETAIL STORES
      $210,000
      Change: +31% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Zanesville
    County
    Muskingum
    State
    Ohio
    Longitude
    -82.011
    Latitude
    39.955
    CBSA code
    49780
    CBSA name
    ZANESVILLE, 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
    $3,039
    $25,865
    $38,605
    $64,470
    -
    $73,900
    $110,300
    $184,200

    Comparable in this City

    • Value Estimation
      $205,000
      0.13 Acres

      Zanesville, OH 43701

      OFFICE (GENERAL) • 0.13 Acres
      Zanesville, OH 43701
      View Details
    • Value Estimation
      $285,000
      2,038 SF

      720 Market St

      OFFICE (GENERAL) • 2,038 SF
      720 Market St, Zanesville, OH 43701-3716
      View Details
    • Value Estimation
      $180,000
      880 SF

      80 Maysville Ave

      OFFICE (GENERAL) • 880 SF
      80 Maysville Ave, Zanesville, OH 43701-6135
      View Details
    • Value Estimation
      $265,000
      1,904 SF

      549 Van Horn Ave

      OFFICE (GENERAL) • 1,904 SF
      549 Van Horn Ave, Zanesville, OH 43701-2545
      View Details
    • Value Estimation by Request

      3999 Northpointe Dr

      CONDOMINIUM OFFICES
      3999 Northpointe Dr, Zanesville, OH 43701-7361
      View Details
    • Value Estimation by Request

      Zanesville, OH 43701

      CONDOMINIUM OFFICES
      Zanesville, OH 43701
      View Details

    Similar Nearby for Sale

    • $1,200,000

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    • $899,000
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      Fully Occupied Office Complex

      Six-unit office complex with ample parking and yearly leases.
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      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      1,000 SF

      Zanesville Office Space for Lease

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      View Details
    • $20 SF/Yr
      189,968 SF

      Northpointe Center Retail Space

      Zanesville, OH shopping center; strong tenants.
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      View Details
    • $9 SF/Yr
      27,878 SF

      Versatile Commercial Property in Zanesville

      Mixed-use commercial property with high visibility and ample parking.
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      View Details
    • $4,800 /Mo
      3,000 SF

      Versatile Shop with Office Space

      3900 SF shop with office space for lease.
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    • $1.00 SF/Yr
      9,932 SF

      Downtown Zanesville Office Suites

      Office suites in downtown Zanesville, across from the courthouse.
      47 N 4Th St, Zanesville, OH 43701
      View Details
    • $1.00 SF/Yr
      9,932 SF

      Downtown Zanesville Office Space Available

      1875 SF office space in the heart of Zanesville.
      47 N 4Th St, Zanesville, OH 43701
      View Details
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    1277 Maple Ave
    Zanesville, OH 43701-2849
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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