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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Parking lots & garages
22 1st St Newark, OH 43055-5608
Entity Owned
Free & Clear
Property ID
US66-1791481
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1992
Lot
0.23 ac (9,888 SF)
APN
054-201330-00.000
UPID
US66-1791481
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
United Way of Licking County Charitable Organization Social Service Agency
-
Newspaper Network-Central Ohio Publishing House Newspaper & Magazine
-
News Journal Media Marketing & Advertising Advertising Agency
-
News Herald Media Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
22 North 1st LLC
22 North 1st LLC
since 2026
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,075,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.40M (Dec 29 2020)
Last sale anchor
$1.40M
Dec 29 2020
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
—
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
$107
Tax year 2023
Assessed value
$37,180
Assessed 2023
Previous assessed
$36,020
+3.2% YoY
Effective rate
0.29%
On assessed value
Assessed land
$28,880
Assessed improvement
$8,300
Land market value
$82,500
Improvement market value
$23,700
Total market value
$106,200
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1992
Heating
NONE
Lot
0.23 ac (9,888 SF)
APN
054-201330-00.000
UPID
US66-1791481
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
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
22 North 1st LLC
Entity
Free & Clear · 0 yrs held
Mailing address
445 E DUBLIN GRANVILLE RD STE H, WORTHINGTON, OH 43085-3192
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
$1,400,000
22 North 1st LLC
Boundless Foundation INC
Warranty Deed
—
Feb 26, 2021
—
The Boundless Foundation INC
—
Deed
related
$1,190,000 · The Huntington National Bank
Dec 29, 2020
$1,400,000
Boundless Foundation INC
22 North First Street LLC
Warranty Deed
$1,300,000 · 22 North First Street LLC
Nov 20, 2019
$1,050,000
22 North First Street LLC
22 N 1st Street LLC
Warranty Deed
$840,000 · Heartland Bank
Sep 13, 2019
—
22 N 1st Street LLC
—
Grant Deed
related
$26,000,000 · Connectone Bk
Apr 20, 2018
$1,056,900
22 N 1st Street LLC
Gannett Gp Media INC
Grant Deed
—
Sep 18, 2015
—
Gannett Gp Media INC
Gannett Satellite Information
Quit Claim Deed
—
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.
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