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    Property profile & analytics

    1872 Cherry Vly Rd Newark, OH 43055-1321

    • Drive through restaurants
    • 1,920 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Last Sale
    Mar 21, 2022
    Location Intelligence
    Property ID
    US66-2628955
    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.

    Current Use by Public Records

    • Dairy Isle Cherry Valley Rd / Ice Cream Shop

    Property Details for 1872 Cherry Vly Rd

    Year built
    1976
    Lot size
    0.35 lot acres
    Property size
    1,920 SF
    Property type
    Drive through restaurants
    APN
    054-245748-00.000
    APU
    5424574800000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.4683
    Latitude
    40.0435
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,960
    $30,630
    $37,800
    $68,430
    -
    $87,500
    $108,000
    $195,500

    Comparable in this City

    • Value Estimation
      $250,000
      1,592 SF

      286 Cedar Run Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,592 SF
      286 Cedar Run Rd, Newark, OH 43055
      View Details
    • Value Estimation
      $340,000
      2,629 SF

      1215 21st St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,629 SF
      1215 21st St, Newark, OH 43055-3011
      View Details
    • Value Estimation
      $2,705,000
      1,976 SF

      1091 21st St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,976 SF
      1091 21st St, Newark, OH 43055-2956
      View Details
    • Value Estimation
      $290,000
      3,256 SF

      1175 21st St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,256 SF
      1175 21st St, Newark, OH 43055-3011
      View Details
    • Value Estimation
      $1,740,000
      3,320 SF

      100 Speedway Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,320 SF
      100 Speedway Dr, Newark, OH 43055-7385
      View Details
    • Value Estimation
      $2,250,000
      6,004 SF

      815 21st St

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,004 SF
      815 21st St, Newark, OH 43055-2915
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Adaptable Space for Lease

      3,200 SF space ideal for bar or restaurant.
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      Retail spaces available in Newark, offering accessibility and visibility.
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      Versatile Space in Newark, OH

      Move-in-ready space suitable for retail, office, or service-based businesses.
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      View Details
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    Newark, OH 43055-1321
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    Realmo Value Estimation

    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.

    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.

    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
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