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    Property profile & analytics

    1486 Granville Rd Newark, OH 43055-1538

    • Turn key restaurants
    • 8,696 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 05, 2024
    $700,000
    Location Intelligence
    Property ID
    US66-1688918
    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

    • Trek Brewing Company / Brewery

    Property Details for 1486 Granville Rd

    Year built
    1974
    Lot size
    1.60 lot acres
    Property size
    8,696 SF
    Property type
    Turn key restaurants
    APN
    054-246870-00.000
    APU
    5424687000000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4559
    Latitude
    40.0578
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN 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
    $12,739
    $105,000
    $204,230
    $309,230
    -
    $300,000
    $583,500
    $883,500

    Comparable in this City

    • Value Estimation by Request
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      1225 Church St

      RESTAURANT • 2,880 SF
      1225 Church St, Newark, OH 43055-2101
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      $315,000
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      15 Main St

      RESTAURANT • 4,559 SF
      15 Main St, Newark, OH 43055-5503
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      $265,000
      4,000 SF

      1976 Granville Rd

      RESTAURANT • 4,000 SF
      1976 Granville Rd, Newark, OH 43055-9799
      View Details
    • Value Estimation
      $390,000
      6,672 SF

      1671 21st St

      RESTAURANT • 6,672 SF
      1671 21st St, Newark, OH 43055-3147
      View Details
    • Value Estimation
      $350,000
      2,769 SF

      964 21st St

      RESTAURANT • 2,769 SF
      964 21st St, Newark, OH 43055-2922
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Adaptable Space for Lease

      3,200 SF space ideal for bar or restaurant.
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    • $12 SF/Yr
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      Commercial Space in Newark, OH

      Office building for lease, currently operating as a saloon.
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    • $21 SF/Yr
      2,746 SF

      Revived Retail Space Available

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      8,872 SF

      Retail Space in Newark, Ohio

      Retail spaces available in Newark, offering accessibility and visibility.
      1640-1680 N 21St St, Newark, OH 43055
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    • $975 /Mo
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      Versatile Space in Newark, OH

      Move-in-ready space suitable for retail, office, or service-based businesses.
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    • $3 SF/Yr
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      Creative Space in Newark Station

      Transformed warehouse offering creative spaces, retail, and dining options.
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    1486 Granville Rd
    Newark, OH 43055-1538
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    Realmo Value Estimation

    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.

    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.

    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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