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Property profile & analytics
OFF-MARKET Estimated value $1,020,000
Community centers

135 Deo Dr Newark, OH 43055-3081

24,200 SF 6.97 ac lot Built 2007
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US66-1790951
Property summary
AI-generated overview

This exceptional Class A medical office building, constructed in 2007, offers 24,392 square feet of space in Newark, Ohio. The single-story building features three suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 114,392 square feet. Currently, 6,400 square feet is available. The property sits on a 6.97-acre lot and boasts 802 parking spaces, providing ample convenience for patients and staff. The building features a 16-foot ceiling height. Located at 135 Deo Dr, Newark, OH 43055, this property enjoys a prime location with excellent visibility and access from Deo Drive and Mount Vernon Road, near major roadways including US Route 16. The property benefits from its proximity to a thriving retail corridor, including major retailers like Walmart, Kroger, Home Depot, and numerous restaurants and amenities. The area is experiencing significant population growth fueled by major tech company expansions in the Columbus MSA, resulting in a strong and affluent demographic profile. The property is zoned for General Business and has an APN of 5427027000000. Taxes are $1.85 per square foot. This presents a unique opportunity for medical practices seeking a high-visibility location within a rapidly growing market. The property is situated in the Licking County submarket of the Columbus MSA.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 2007
Total area 24,200 SF
Lot 6.97 ac (303,613 SF)
APN 054-270270-00.000
UPID US66-1790951
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.02M
Blend (final) Blend
$1.02M
Owner & transaction history
Deo Drive Development LLC · 10 yrs held
Deo Drive Development LLC
since 2015
3 recorded transactions
2018
Price N/A
2015
$3.8M
2014
$2.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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