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    Property profile & analytics

    425 Mt Vernon Rd Newark, OH 43055-5184

    • Apartment buildings
    • 5,510 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimation
    $415,000
    Last Sale
    Feb 16, 2025
    Location Intelligence
    Property ID
    US66-1678857
    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

    • Fairfield Studio Apartments / Apartments

    Property Details for 425 Mt Vernon Rd

    Year built
    1970
    Lot size
    1.18 lot acres
    Property size
    5,510 SF
    Property type
    Apartment buildings
    APN
    054-259614-00.000
    APU
    5425961400000

    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
    -82.4108
    Latitude
    40.069
    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
    $12,264
    $38,710
    $259,180
    $297,890
    -
    $110,600
    $740,500
    $851,100

    Comparable in this City

    • Value Estimation by Request

      249 Church St

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      APARTMENT HOUSE (5+ UNITS) • 2,688 SF
      Westmoor Ave, Newark, OH 43055
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      27 Decrow Ave

      Multifamily properties
      27 Decrow Ave, Newark, OH 43055
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      Crystal Ct

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      Crystal Ct, Newark, OH 43055
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      930 King Rd

      APARTMENT HOUSE (5+ UNITS) • 5,814 SF
      930 King Rd, Newark, OH 43055-2251
      View Details
    • Value Estimation
      $490,000
      6,577 SF

      25 Cedar Run Rd

      APARTMENT HOUSE (5+ UNITS) • 6,577 SF
      25 Cedar Run Rd, Newark, OH 43055
      View Details

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    Similar Nearby for Lease

    • $2,000 /Mo
      4,000 SF

      Versatile Office/Warehouse Space Available

      Spacious office and warehouse with adaptable environment for business operations.
      1725 Mount Vernon Rd, Newark, OH 43055
      View Details
    • $300 /Mo
      1,373 SF

      Versatile Office/Retail Space Available

      Adaptable office or retail space in high-traffic Newark location.
      1000 N 21St St, Newark, OH 43055
      View Details
    • Contact for pricing

      Land Available on North 21st

      Outlot and encap available in Newark, Ohio.
      1680 N 21St St, Newark, OH 43055
      View Details
    • Contact for pricing
      3,200 SF

      Adaptable Space for Lease

      3,200 SF space ideal for bar or restaurant.
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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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    • $899,900
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      Newark Commercial Property with Storage

      14,400 SF commercial property with self-storage units for rent.
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    425 Mt Vernon Rd
    Newark, OH 43055-5184
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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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