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Property profile & analytics
FOR SALE
Warehouses

195 Union St Newark, OH 43055

5,000 SF 15.05 ac lot Built 1962
Entity Owned 4-yr Hold Free & Clear
Property ID
US66-1977483
Property summary
AI-generated overview

This exceptional single-tenant office building at 195 Union Street offers a total of 34,880 square feet on a 15.05 square foot lot, conveniently located near Wehrle Ave. The property features two available first-floor office suites within Suite F, ideal for a variety of businesses. Office 1, a 203-square-foot interior office, boasts a private entrance off the main hallway, while Office 2 offers 157 square feet of space with two walls of windows providing ample natural light. The gross rent for Office 1 is $450 per month, and Office 2 is $400 per month. Both suites benefit from the inclusion of all utilities in the rental price. Tenants also enjoy access to a shared conference room. Ample parking is available surrounding the building. Please note that this property is not suitable for insurance agencies, real estate companies, or financial planners. The property's Assessor's Parcel Number (APN) is 054-217740-00.000. This presents a unique opportunity for a small business seeking a well-maintained, convenient, and all-inclusive office space. The building is a single-suite property, offering a private and efficient work environment.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1962
Total area 5,000 SF
Lot 15.05 ac (655,578 SF)
APN 054-217740-00.000
UPID US66-1977483
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
  • Equitas Health Newark Gym & Fitness Center Alternative Medicine Practice
  • The Center for New Beginnings Domestic Abuse Treatment Center Social Services Organization
  • The Buckeye Ranch - Newark Foster Care Service Social Service Agency
  • Baris Bonnie G Foster Care Service Social Service Agency
  • Capital Home Health Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Hope Timber Properties LLC · 4 yrs held
Hope Timber Properties LLC
since 2021
Last sale
$225,000
7 recorded transactions
2021
$225,000
2021
Price N/A
2018
Price N/A
2016
Price N/A
2016
Price N/A
2016
Price N/A
2012
$330,750
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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