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Property profile & analytics
FOR SALE
Commercial real estate
1987 Coffman Rd Newark, OH 43055
Entity Owned
~
Est. High Equity
Property ID
US66-6166659
For Sale
1 / 17
$825,000
1987 Coffman Rd, Newark, OH 43055
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
7,368 SF
Lot
1.9 ac (82,764 SF)
APN
054-217608-00.003
UPID
US66-6166659
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
-
Drumms Family Billiards Arcade & Gaming Center
-
Drumm's Family Billiards Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$565k
Owner & transaction history
Boundless Strategic Resources INC
Boundless Strategic Resources INC
since 2025
Last sale
$765,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$760,000
+27.0%
Office building
$705,000
+18.0%
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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$600,000
Current use
RESTAURANT
$760,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$705,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$590,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$535,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $765k (Dec 2 2025)
Last sale anchor
$765k
Dec 2 2025
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
$77 / 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
$6,856
Tax year 2023
Assessed value
$165,870
Assessed 2023
Previous assessed
$165,870
+0.0% YoY
Effective rate
4.13%
On assessed value
Assessed land
$44,210
Assessed improvement
$121,660
Land market value
$126,300
Improvement market value
$347,600
Total market value
$473,900
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
2003
Heating
NONE
Stories
1
Total area
7,368 SF
Lot
1.9 ac (82,764 SF)
APN
054-217608-00.003
UPID
US66-6166659
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
COMMERCIAL (GENERAL) Current
Est. value
$600,000
RESTAURANT
Est. value
$760,000
OFFICE BUILDING
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$590,000
RETAIL STORES
Est. value
$535,000
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2003
Heating
NONE
Stories
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Boundless Strategic Resources INC
Entity
Mailing address
3413 FALLSBURG RD NE, NEWARK, OH 43055-9672
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
$765,000
Boundless Strategic Resources INC
Ernest L Drumm
Warranty Deed
—
Sep 7, 2021
—
Ernest L Drumm
—
Deed
related
$158,000 · Community Capital Development Corporatio
Dec 22, 2020
$430,000
Ernest L Drumm
Klarity Medical Products LLC
Warranty Deed
$215,000 · Heartland Bank
Jul 30, 2019
—
Klarity Medical Products LLC
—
Deed
related
—
Jul 19, 2019
—
Klarity Medical Products LLC
—
Trustees Deed
related
$536,000 · Heartland Bk
Jun 26, 2018
—
Klarity Medical Products LLC
—
Trustees Deed
related
$325,000 · Heartland Bk
Oct 28, 2016
$324,600
Klarity Medical Products LLC
Sepa Holdings LLC
Warranty Deed
—
Aug 23, 2016
—
Sepa Holdings LLC
—
Deed
related
$150,000 · The Huntington National Bank
Apr 3, 2014
$282,000
Sepa Holdings LLC
Bromberg & Lepley Props LLC
Warranty Deed
related
$225,600 · Heartland Bk
Oct 24, 2006
$245,000
Bromberg Properties
Norton,dale A & Deborah A
Warranty Deed
$196,000 · Fifth Third Bank
—
—
Klarity Medical Products LLC
—
Loan Modification
related
—
—
—
Bromberg & Lepley Props LLC
—
Deed Of Trust
related
$173,968 · Fifth Third 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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