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    Property profile & analytics

    22 1st St Newark, OH 43055-5608

    • Office buildings
    • 42,103 SF
    • 1.84 lot acres
    OFF-MARKET
    Value Estimation
    $1,220,000
    Last Sale
    Dec 29, 2020
    $1,400,000
    Location Intelligence
    Property ID
    US66-2362422
    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

    • ChargePoint Charging Station / Electric Vehicle Charging Station
    • United Way of Licking County / Non-Profit Organization
    • Newspaper Network-Central Ohio / Newspaper Publisher
    • News Journal Media / Advertising Agency
    • News Herald Media / Advertising Agency

    Property Details for 22 1st St

    Year built
    1992
    Lot size
    1.84 lot acres
    Property size
    42,103 SF
    Property type
    Office buildings
    APN
    054-201906-00.000
    APU
    5420190600000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,075,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,615,000
      6.5%
      $1,540,000
      7%
      $1,615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,250,000
      Geo Method
      $1,300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,465,000
      Retail
      $1,485,000
      Mixed-Use
      $1,710,000
      Hospitality
      $1,625,000
      Educational
      $1,465,000
      Residential Income
      $1,460,000
      Energy
      $1,410,000
      Income-Based Land
      $1,655,000
      Food Service
      $1,625,000

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Licking
    State
    Ohio
    Longitude
    -82.3987
    Latitude
    40.0599
    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
    $2,189
    $112,700
    $396,590
    $509,290
    -
    $322,000
    $1,133,100
    $1,455,100

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      21st S St

      OFFICE BUILDING • 0.12 Acres
      21st S St, Newark, OH 43055
      View Details
    • Value Estimation
      $295,000
      2,815 SF

      70 Chalfant Rd

      OFFICE BUILDING • 2,815 SF
      70 Chalfant Rd, Newark, OH 43055
      View Details
    • 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
      $335,000
      4,543 SF

      1805 Main St, Unit 1821

      OFFICE BUILDING • 4,543 SF
      1805 Main St, Newark, OH 43055-1135
      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

    Similar Nearby for Sale

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      52,117 SF

      Office and Warehouse Building Newark

      Two-story office and warehouse building with highway access.
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      Two Office Buildings Near SR 16

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      2,400 SF

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      Multi-tenant building with 2,400 SF available near hospital.
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    Similar Nearby for Lease

    • New
      $12 SF/Yr
      2,645 SF

      Commercial Space in Newark, OH

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      View Details
    • $2,000 /Mo
      4,000 SF

      Versatile Office/Warehouse Space Available

      Spacious office and warehouse with adaptable environment for business operations.
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    • $300 /Mo
      1,373 SF

      Versatile Office/Retail Space Available

      Adaptable office or retail space in high-traffic Newark location.
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    • $975 /Mo
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      Versatile Space in Newark, OH

      Move-in-ready space suitable for retail, office, or service-based businesses.
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    • $850 /Mo
      850 SF

      Downtown Newark Office Space Available

      850 SF office space in downtown Newark for lease.
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    • $12 SF/Yr
      3,720 SF

      Downtown Newark Office Space Available

      3,720 SF office space in multi-tenant Newark building.
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      View Details
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    22 1st St
    Newark, OH 43055-5608
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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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