Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1855 Cherry Valley Rd Newark, OH 43055

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1855 Cherry Valley Rd Newark, OH 43055

    View on Map
    • Residential income homes
    • 3,255 SF
    • 0.35 lot acres
    Off-Market
    Property ID
    US66-0608711
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 1855 Cherry Valley Rd

    Year built
    1940
    Lot size
    0.35 lot acres
    Property size
    3,255 SF
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents two single-family homes situated on a 0.35-acre lot in Newark, Ohio. The property boasts a total of 3,255 square feet, encompassing a two-story, 2,007-square-foot home with four bedrooms and two bathrooms, and a one-story, 1,248-square-foot ranch-style home, also featuring four bedrooms and two bathrooms. Both homes have undergone renovations in 2024, including updated windows, flooring, and paint. The two-story home includes a large living/kitchen area, spacious dining/den/office, a partial basement, a fenced yard, and off-street parking. The ranch-style home offers an open kitchen/dining/living room, a fenced yard, a shed, and off-street parking. Each unit currently generates $1,200 in monthly rent. Conveniently located near major roadways (SR 16/40/79/161), the property enjoys proximity to dining, shopping, entertainment, a hospital, schools, and is within 20 minutes of Intel. An easement ensures property access. One home is currently vacant and ready for immediate occupancy, while the other is occupied by a long-term tenant. The seller pays water/sewer

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.467655158295
    Latitude
    40.043199447589

    Comparable in this City

    • New
      $585,000
      0.53 Acres

      Newark Residential Portfolio Opportunity

      Residential portfolio in Newark with recent capital improvements.
      Newark, OH 43055
      View Details
    • Contact for pricing

      Duplex Investment Opportunity

      Investment property with long-term tenants generating $1940 monthly.
      249 W Church St, Newark, OH 43055
      View Details
    • New
      $159,900
      0.08 Acres

      Newark Duplex with Recent Updates

      Updated duplex in Newark, ideal for investors or owner-occupants.
      167 Essex St, Newark, OH 43055
      View Details
    • $450,000
      0.12 Acres

      Renovated Newark Quadplex Investment

      Fully occupied, renovated quadplex in Newark, offering immediate cash flow.
      311 Clinton St, Newark, OH 43055
      View Details
    • $315,000
      0.26 Acres

      Renovated Newark Duplex For Sale

      Fully renovated, side-by-side duplex with separate utilities and garage spaces.
      114-116 Maholm St, Newark, OH 43055
      View Details
    • Contact for pricing

      Investment Opportunity: Newark Duplex

      Duplex with tenants, generating $1900 monthly income.
      178 S 4Th St, Newark, OH 43055
      View Details

    Similar Nearby for Sale

    • New
      $585,000
      0.53 Acres

      Newark Residential Portfolio Opportunity

      Residential portfolio in Newark with recent capital improvements.
      Newark, OH 43055
      View Details
    • New
      $159,900
      0.08 Acres

      Newark Duplex with Recent Updates

      Updated duplex in Newark, ideal for investors or owner-occupants.
      167 Essex St, Newark, OH 43055
      View Details
    • Contact for pricing

      Duplex Investment Opportunity

      Investment property with long-term tenants generating $1940 monthly.
      249 W Church St, Newark, OH 43055
      View Details
    • $450,000
      0.12 Acres

      Renovated Newark Quadplex Investment

      Fully occupied, renovated quadplex in Newark, offering immediate cash flow.
      311 Clinton St, Newark, OH 43055
      View Details
    • $315,000
      0.26 Acres

      Renovated Newark Duplex For Sale

      Fully renovated, side-by-side duplex with separate utilities and garage spaces.
      114-116 Maholm St, Newark, OH 43055
      View Details
    • Contact for pricing

      Investment Opportunity: Newark Duplex

      Duplex with tenants, generating $1900 monthly income.
      178 S 4Th St, Newark, OH 43055
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      19,520 SF

      Temperature Controlled Warehouse For Rent

      Temperature controlled warehouse with 19' clear height and yard space.
      91 Norton Ave, Newark, OH 43055
      View Details
    • Contact for pricing
      8,500 SF

      Flexible Office/Production Space Available

      Move-in-ready, flexible office and production space in Newark, Ohio.
      1401 Mount Vernon Rd, Newark, OH 43055
      View Details
    • $10 SF/Yr

      Retail Space on Deo Drive

      Retail space with high visibility in Newark, Ohio.
      287 Deo Dr, Newark, OH 43055
      View Details
    • $7 SF/Yr

      Temperature-Controlled Warehouse with Dock Access

      19,520 SF temperature-controlled warehouse with docks and highway access.
      91 Norton Ave, Newark, OH 43055
      View Details
    • Contact for pricing
      800 SF

      Flex Space in Thriving Area

      Versatile flex space with high ceilings in prime location.
      147 Westgate Dr Northeast, Newark, OH 43055
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space with Renovation Scheduled

      Retail space for lease with upcoming facade remodel and parking.
      1012-1066 Mount Vernon Rd, Newark, OH 43055
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1855 Cherry Valley Rd
    Newark, OH 43055
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!