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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Office buildings
33 5th St Zanesville, OH 43701-3510
Individually Owned
3-yr Hold
Free & Clear
Property ID
US66-3351610
Property summary
AI-generated overview
This exceptional 12,300 square foot, two-story office building is located in downtown Zanesville, Ohio, at 33 S 5th St, and is offered at $1,350,000. The property, built in 1952, sits on a 0.42-acre lot and boasts 32 paved parking spaces. Previously a bank, the building offers a blend of open floor plans, private offices, and restrooms on each floor. Architectural details include soaring ceilings and beautiful woodwork on the first floor. The first floor is handicap accessible, and a finished lower level provides ample space for meetings or gatherings. A rooftop patio adds a unique amenity. The building includes multiple breakrooms, training areas, and larger executive offices, making it suitable for various professional uses, including healthcare, call centers, or any business requiring substantial office space. The property is zoned C-3 and has three APNs: 81-65-02-18-000, 81-65-02-17-000, and 81-65-02-19-000. Currently 100% occupied, this is an owner/user investment opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1952
Total area
13,142 SF
Lot
0.21 ac (9,235 SF)
APN
81-65-02-18-000
UPID
US66-3351610
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$799k
Blend (final)
Blend
$1.33M
Owner & transaction history
Muskingum Valley Health Centers · 3 yrs held
Muskingum Valley Health Centers
since 2022
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+20.7%
Apartment house (5+ units)
$1.2M
+2.6%
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 Zanesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Zanesville 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
$1,435,000
ML approach
$1,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,180,000
Current use
AUTO REPAIR, GARAGE
$1,425,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,210,000
Change: +3% · Conversion: Easy
RETAIL STORES
$975,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.30M (Sep 29 2022)
Last sale anchor
$1.30M
Sep 29 2022
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
$101 / 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
$10,709
Tax year 2023
Assessed value
$227,570
Assessed 2023
Previous assessed
$227,570
+0.0% YoY
Effective rate
4.71%
On assessed value
Assessed land
$10,220
Assessed improvement
$217,350
Land market value
$29,200
Improvement market value
$621,000
Total market value
$650,200
Applied tax rate
80.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1952
Heating
NONE
Stories
4
Total area
13,142 SF
Lot
0.21 ac (9,235 SF)
APN
81-65-02-18-000
UPID
US66-3351610
Jurisdiction
MUSKINGUM
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
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES
Est. value
$975,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1952
Heating
NONE
Stories
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Muskingum Valley Health Centers
Individual
Free & Clear · 3 yrs held
Mailing address
716 ADAIR AVE, ZANESVILLE, OH 43701-2843
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
$1,300,000
Muskingum Valley Health Centers
Quality Care Partners
Warranty 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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