Property profile

1402 Residence Dr 1484 Newark, OH 43055

OFF-MARKET
Apartment buildings
Property ID
US66-1141859
7,400 SF 10.5 ac lot Built 1993
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1993
Total area 7,400 SF
Lot 10.5 ac (457,380 SF)
APN 054-269904-00.009
UPID US66-1141859

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1402 Residence Dr, Unit 1484 Newark, OH 43055-7900
Newark metro Census 754104 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.05M
Comparable Approach Comparable
$912k
Blend (final) Blend
$980k

Owner & transaction history

since 2008
2 recorded transactions
2017
Price N/A
2008
$3.2M

Zoning & alternative use

Top alternative use upside
Industrial (general) $670,000 +12.6%
Commercial (general) $650,000 +9.4%
Restaurant $615,000 +3.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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