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    Property profile & analytics

    2040 Cherry Vly Rd Newark, OH 43055-1105

    • Office buildings
    • 15,813 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimation
    $95,000
    Last Sale
    Feb 04, 2021
    $47,500
    Location Intelligence
    Property ID
    US66-1357173
    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

    • Olympic Academy of Gymnastics / Gymnastics Center
    • Consumer Support Services Inc / Social Services Organization

    Property Details for 2040 Cherry Vly Rd

    Year built
    1980
    Lot size
    1.08 lot acres
    Property size
    15,813 SF
    Property type
    Office buildings
    APN
    054-233274-02.004
    APU
    5423327402004

    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
    -82.4732
    Latitude
    40.0457
    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
    $12,559
    $44,310
    $260,820
    $305,130
    -
    $126,600
    $745,200
    $871,800

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      21st S St

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      $335,000
      4,543 SF

      1805 Main St, Unit 1821

      OFFICE BUILDING • 4,543 SF
      1805 Main St, Newark, OH 43055-1135
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    • Value Estimation
      $295,000
      2,815 SF

      70 Chalfant Rd

      OFFICE BUILDING • 2,815 SF
      70 Chalfant Rd, Newark, OH 43055
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    • Value Estimation
      $350,000
      5,000 SF

      692 Church St

      OFFICE BUILDING • 5,000 SF
      692 Church St, Newark, OH 43055-4269
      View Details
    • Value Estimation
      $215,000
      4,760 SF

      42 3rd St

      OFFICE BUILDING • 4,760 SF
      42 3rd St, Newark, OH 43055-5533
      View Details
    • Value Estimation
      $215,000
      2,400 SF

      2034 Cherry Vly Rd

      OFFICE BUILDING • 2,400 SF
      2034 Cherry Vly Rd, Newark, OH 43055-1104
      View Details

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    Similar Nearby for Lease

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      850 SF office space in downtown Newark for lease.
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      Downtown Newark Office Space Available

      3,720 SF office space in multi-tenant Newark building.
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    • $11 SF/Yr
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      1984 Coffman Rd, Newark , OH

      Office space • 20,000 SF
      1984 Coffman Rd, Newark, OH 43055
      View Details
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    Newark, OH 43055-1105
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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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