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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
176 Hudson Ave, Newark, OH 43055-5750
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1827055
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
6,559 SF
Lot
0.21 ac (9,060 SF)
APN
054-269952-00.000
UPID
US66-1827055
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
-
Rayco Appliance Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
Tolo Enterprises LLC · 1 yrs held
Tolo Enterprises LLC
since 2025
Last sale
$535,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$675,000
+42.5%
Office building
$630,000
+32.4%
Commercial (general)
$530,000
+12.2%
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
Method
Estimation
Statistic approach
$620,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$475,000
Current use
RESTAURANT
$675,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$630,000
Change: +32% · Conversion: Easy
COMMERCIAL (GENERAL)
$530,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$525,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $535k (Jan 14 2025)
Last sale anchor
$535k
Jan 14 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
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
$2,085
Tax year 2023
Assessed value
$50,650
Assessed 2023
Previous assessed
$50,650
+0.0% YoY
Effective rate
4.12%
On assessed value
Assessed land
$16,170
Assessed improvement
$34,480
Land market value
$46,200
Improvement market value
$98,500
Total market value
$144,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
NONE
Stories
2
Total area
6,559 SF
Lot
0.21 ac (9,060 SF)
APN
054-269952-00.000
UPID
US66-1827055
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$475,000
RESTAURANT
Est. value
$675,000
OFFICE BUILDING
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$525,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Tolo Enterprises LLC
Entity
Mailing address
255 STARE RD, NEWARK, OH 43055-4724
Ownership since
2025
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 29, 2025
—
Tolo Enterprises LLC
—
Deed
related
$398,514 · Sv Capital Ltd
Feb 13, 2025
—
Mcre At 518 Maple Avenue LLC
—
Deed
related
$300,000 · Sv Capital Ltd
Jan 14, 2025
$535,000
Tolo Enterprises LLC
Raymond T Cooksey
Warranty Deed
$400,000 · The Home Loan Savings Bank
Jul 28, 2015
$14,000
Raymond T Cooksey
Heartland Bk
Grant Deed
—
Apr 23, 2015
$45,500
Heartland Bk
Van Ness Sperry
Grant Deed
—
—
—
George Arensberg Pharmacy INC
—
Deed Of Trust
related
$200,000 · Heartland Bank
—
—
George Arensberg Pharmacy INC
—
Deed Of Trust
related
$110,000 · Heartland 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.
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