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Property profile & analytics
OFF-MARKET
Office Spaces
15 3rd St Newark, OH 43055-5506
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1011894
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1992
Total area
7,397 SF
APN
054-202674-00.007
UPID
US66-1011894
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
Current use
Occupant on record · Public records
-
We Dig Newark General Contractor
-
Candlewick Commons Retirement Community Nursing Home
-
Connor Wallace Foster Care Service Social Service Agency
-
Tracy Oyler Foster Care Service Social Service Agency
-
Victoria Evans Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Evre 5 LLC · 1 yrs held
Evre 5 LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,989
Tax year 2023
Assessed value
$131,190
Assessed 2023
Previous assessed
$122,260
+7.3% YoY
Effective rate
5.33%
On assessed value
Assessed land
$18,310
Assessed improvement
$112,880
Land market value
$52,300
Improvement market value
$322,500
Total market value
$374,800
Applied tax rate
54.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1992
Stories
1
Total area
7,397 SF
APN
054-202674-00.007
UPID
US66-1011894
Jurisdiction
LICKING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1992
Stories
1
Current owner
From public records · entity-resolved
Evre 5 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
40 W MAIN ST, NEWARK, OH 43055-5531
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Evre 5 LLC
—
Deed
related
$796,400 · The Home Loan Savings Bank
Jan 30, 2026
—
Evre 5 LLC
—
Deed
related
$3,300,000 · The Home Loan Savings Bank
Nov 8, 2024
—
Evre 5 LLC
Mcre At 15 N Third Street LLC
Deed
—
Jun 7, 2023
—
Monte Christopher Real Estate LLC
—
Deed
related
$350,000 · The Community Bank
Aug 2, 2022
$500,000
Mattingly Enterprises LLC
Mcre At 15 N Third Street LLC
Warranty Deed
—
Jul 21, 2022
$225,000
Guanciale & Hess LLC
15 N Third Street LLC
Warranty Deed
—
Jul 15, 2022
—
City Of Newark
Mcre At 15 N Third Street LLC
Warranty Deed
—
Jun 27, 2017
$1,600,000
Ke Newark Offices LLC
15 N Third LLC
Warranty Deed
$1,280,000 · The Park National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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