New search
Property profile & analytics
FOR SALE
Car washes
1845 N 21St St, Newark, OH 43055
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-1381413
For Sale
1 / 100
$899,900
1845 N 21St St, Newark, OH 43055
View Listing →
Property summary
AI-generated overview
This exceptional 5,896 square foot mixed-use property sits on a 0.79-acre corner lot at 1845 N 21st Street in Newark, Ohio. Its strategic location directly off the heavily trafficked State Route 13 places it within a desirable business district, experiencing significant growth fueled by the proximity to the new Intel plant in nearby New Albany (only 22 miles away). The property's current configuration includes a fully operational car wash, with all equipment included in the sale price of $999,900. The building also boasts substantial office space, offering immediate usability and flexibility. The expansive parking area caters to high customer volume. The layout allows for diverse uses
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1994
Total area
5,896 SF
Lot
0.79 ac (34,412 SF)
APN
054-270372-00.001
UPID
US66-1381413
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$730k
Blend (final)
Blend
$735k
Owner & transaction history
Shree Ganesh Wash INC · 7 yrs held
Shree Ganesh Wash INC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$605,000
+29.1%
Office building
$565,000
+20.0%
Commercial (general)
$480,000
+1.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$470,000
Current use
RESTAURANT
$605,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$480,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
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
$125 / 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
$15,116
Tax year 2023
Assessed value
$350,000
Assessed 2023
Previous assessed
$350,000
+0.0% YoY
Effective rate
4.32%
On assessed value
Assessed land
$82,950
Assessed improvement
$267,050
Land market value
$237,000
Improvement market value
$763,000
Total market value
$1,000,000
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
Car washes
Use group
CAR WASH
Status
For Sale
Year built
1994
Heating
NONE
Stories
1
Total area
5,896 SF
Lot
0.79 ac (34,412 SF)
APN
054-270372-00.001
UPID
US66-1381413
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
AUTO REPAIR, GARAGE Current
Est. value
$470,000
RESTAURANT
Est. value
$605,000
OFFICE BUILDING
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$480,000
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1994
Heating
NONE
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Shree Ganesh Wash INC
Entity
Mailing address
1845 N 21ST ST, NEWARK, OH 43055-3178
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
—
Shree Ganesh Wash INC
—
Deed
related
$975,000 · Ameriserv Financial Bank
Dec 28, 2018
$125,000
Shree Ganesh Wash INC
Broad Street Car Wash INC
Warranty Deed
$997,100 · The Huntington National Bank
Nov 8, 2018
$460,000
Broad Street Car Wash INC
T A S Brothers L L C
Warranty Deed
$338,154 · S & T Bank
Apr 20, 2018
$375,000
T A S Brothers LLC
Bill & Joe INC
Warranty Deed
$281,250 · The Peoples Bank
Feb 27, 2012
$1,200,000
Bill & Joe INC
Tom & Russ INC
Warranty Deed
$1,118,000 · Huntington 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
