Property profile

195 Union St Newark, OH 43055

FOR SALE
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Property ID
US66-1977483
5,000 SF 15.05 ac Built 1962
Last sale Aug 2021·$225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

A multi-tenant professional office building located at 195 Union Street, Newark, Ohio, offering approximately 30,692± square feet of space across multiple tenant suites. The property is situated just off the Grant Street exit on SR-79 and provides convenient access to downtown Newark and nearby government, financial, dining, and daily-services amenities. The building is configured for office use with a shared parking lot and an asphalt surface scheduled for improvements in summer 2026 to…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$42k
Tax billed · 2023
Assessed value$1.03M
Assessed land$150k
Assessed improvement$876k
Effective rate4.12%

Value estimate

· Nov 2026
$165k
$149k – $182k
AI approach$175k
NOI build-up
Gross scheduled income$753k
Vacancy & credit loss−$181k
Operating expenses−$143k
NOI · 27.71% cap applied$429k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$57/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$30 – $81
Qualifying comparables5

Cap rate analysis

How does the asset earn?
27.71%
$429k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLICKING

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office21.8
Realty agency18.9
Parking Facility11.9

Location

195 Union St Newark, OH 43055
County assessor Recorded deeds · 10 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12970 Marne, Newark, OH 43055 $190,000 Feb 2025 4,896 SF
1410 Main, Newark, OH 43055-9055 $550,000 Oct 2023 4,344 SF
160 Clinton, Newark, OH 43055-5749 $55,600 Mar 2023 4,615 SF
635 Mckinley, Newark, OH 43055-6738 $200,000 Sep 2022 4,877 SF
10 Sisal, Newark, OH 43055-5842 $14,238 Jun 2022 5,600 SF
211 Montgomery, Newark, OH 43055-7713 $260,000 Jun 2022 6,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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