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Property profile & analytics
OFF-MARKET
Flex space
171 Riverside Dr Newark, OH 43055-5754
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0193311
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1920
Total area
18,780 SF
Lot
7.61 ac (331,492 SF)
APN
054-270078-00.000
UPID
US66-0193311
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
-
Mound City Products Inc Industrial Manufacturer Production Facility
-
Owens Corning Factory Production Facility
-
Newark Plumbing & Drain Services Plumbing Service General Contractor
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
Lrc Group 2 LLC · 3 yrs held
Lrc Group 2 LLC
since 2022
Last sale
$600,000
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
$9,474
Tax year 2023
Assessed value
$177,840
Assessed 2023
Previous assessed
$122,510
+45.2% YoY
Effective rate
5.33%
On assessed value
Assessed land
$119,390
Assessed improvement
$58,450
Land market value
$341,100
Improvement market value
$167,000
Total market value
$508,100
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Total area
18,780 SF
Lot
7.61 ac (331,492 SF)
APN
054-270078-00.000
UPID
US66-0193311
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
1920
Heating
NONE
Stories
1
Lot
7.61 ac
Current owner
From public records · entity-resolved
Lrc Group 2 LLC
Entity
Mailing address
460 TRILLIUM DR, GALLOWAY, OH 43119-9673
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
$600,000
Lrc Group 2 LLC
Mcre At 171 Riverside Drive LLC
Limited Warranty Deed
—
Mar 5, 2021
—
Mcre At 171 Westgate Drive LLC
—
Deed
related
$4,568,000 · Park National Bank
Oct 6, 2020
$350,000
Mcre At 171 Riverside Drive LLC
Judith Handel
Warranty Deed
$297,500 · Park National Bank
May 11, 2020
—
Judith Handel
Arthur T Handel JR.
Affidavit Of Death
related
—
Oct 17, 2014
$195,000
Arthur T Handel JR.
American Car Crushing INC
Grant Deed
—
Dec 29, 2010
$315,000
American Car Crushing INC
J Johnson Investments LLC
Warranty Deed
—
Jul 2, 2004
$275,000
J Johnson Invest LLC
Cumbee,john E
Grant Deed
—
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.
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