135 Deo Dr Newark, OH 43055-3081
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.