200 Enterprise Dr Newcomerstown, OH 43832-8954
Property Lookup
Property profile & analytics
200 Enterprise Dr Newcomerstown, OH 43832-8954
- Manufacturing properties
- 2,160 SF
- 5.00 lot acres
Property ID
US66-1521847
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.
Location Intelligence
Current Use by Public Records
- Paragon Integrated Services Group / Corporate Office
Property Details for 200 Enterprise Dr
- Year built
- 1999
- Lot size
- 5.00 lot acres
- Property size
- 2,160 SF
- Property type
- Manufacturing properties
- APN
- 45-02540.001
- APU
- 4502540001
Description
This exceptional investment opportunity presents a fee-simple ownership of a 62,310-square-foot warehouse located at 200 Enterprise Dr, Newcomerstown, OH 43832. The property, built in 1989 and situated on a five-acre lot, is currently 100% occupied under a long-term, absolute NNN lease with Paragon, commencing January 1, 2024, and expiring December 31, 2030 (6.1 years remaining). The asking price is $3,500,000, representing a compelling $56.17 per square foot and a 7.95% cap rate based on a Net Operating Income (NOI) of $278,100. The warehouse boasts a single-tenant occupancy, minimizing management complexities. The building features two spacious clear-span bays (100' x 200' and 100' x 400'), offering ample storage and operational space. The high ceilings, ranging from 18' to 21' at the center, provide significant vertical clearance. Three dock-high doors equipped with levelers, along with four 28' x 14' ground-level power doors, ensure efficient loading and unloading. A comprehensive sprinkler system and a robust 400 Amp 480/277 Volt 3-Phase power supply enhance safety and operational capabilities. Further enhancing the property's functionality is a substantial 15,000 square foot loading pad and an outside storage area. There are no lease options available. This is a prime opportunity for a passive income investment with a strong, long-term tenant.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Newcomerstown
- County
- Tuscarawas
- State
- Ohio
- Longitude
- -81.5662
- Latitude
- 40.2811
- CBSA code
- 35420
- CBSA name
- NEW PHILADELPHIA-DOVER, OH MICROPOLITAN 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
$24,159
$77,860
$1,396,400
$1,474,260
-
$77,860
$1,396,400
$1,474,260
