Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    534 Market St Zanesville, OH 43701
    Property profile & analytics

    534 Market St, Zanesville, OH 43701

    View on Map
    • Office Units
    • 9,480 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US66-3315021
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Anita P. Jackson, PHD / Physician
    • Triple A Optical / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Steven D. Gifford, PC / Counselor

    Property Details for 534 Market St

    Year built
    1920
    Lot size
    0.11 lot acres
    Property size
    9,480 SF
    Property type
    Office Units
    APN
    81-64-01-01-000

    Description

    This vacant, three-story office building at 534 Market Street in Zanesville, Ohio, presents a unique investment opportunity. Boasting 9,480 square feet of finished commercial space, this Class C property offers significant potential for owner-users or investors. Built in 1920, the building features multiple restrooms and water hookups on all three floors, along with ample natural light from numerous windows. The property sits on a 0.11-acre lot and is zoned C-3, allowing for flexibility in its future use. Previous uses include office space and a multi-tenant building. While a small private parking area is available, abundant street parking is also readily accessible. Public utilities are connected. The asking price is $199,900, translating to $21.09 per square foot. This property offers the potential for continued commercial use or even conversion to residential housing, subject to necessary approvals. The APN is 81-64-01-01-000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Zanesville
    County
    Muskingum
    State
    Ohio
    Longitude
    -82.005297620337
    Latitude
    39.941778538656

    Comparable in this City

    • $119,900
      1,300 SF

      Versatile Commercial Building in Zanesville

      High-visibility commercial building suitable for retail, office, or warehouse.
      711 Pine St, Zanesville, OH 43701
      View Details
    • New
      $99,900
      Pending

      Commercial Property with Residential Potential

      Commercial space with residential unit in high-traffic location.
      1918 Maple Ave, Zanesville, OH 43701
      View Details
    • $1,500,000
      2.80 Acres

      Versatile Commercial Property in Zanesville

      6,600 sq ft building ideal for service-based operations and trades.
      1545 Highpointe Ct, Zanesville, OH 43701
      View Details
    • $850,000
      0.75 Acres

      Colony Business Center For Sale

      Six-unit office complex, fully occupied, with ample parking.
      3608 Maple Ave, Zanesville, OH 43701
      View Details
    • $1,500,000

      Versatile Zanesville Commercial Building

      10,000 SF building with medical office and retail potential.
      1927 Maysville Ave, Zanesville, OH 43701
      View Details
    • $805,000

      Historic Building with Modern Upgrades

      Landmark building in downtown Zanesville with flexible space.
      333 Market St, Zanesville, OH 43701
      View Details

    Similar Nearby for Sale

    • $119,900
      1,300 SF

      Versatile Commercial Building in Zanesville

      High-visibility commercial building suitable for retail, office, or warehouse.
      711 Pine St, Zanesville, OH 43701
      View Details
    • $1,500,000
      2.80 Acres

      Versatile Commercial Property in Zanesville

      6,600 sq ft building ideal for service-based operations and trades.
      1545 Highpointe Ct, Zanesville, OH 43701
      View Details
    • New
      $99,900
      Pending

      Commercial Property with Residential Potential

      Commercial space with residential unit in high-traffic location.
      1918 Maple Ave, Zanesville, OH 43701
      View Details
    • $850,000
      0.75 Acres

      Colony Business Center For Sale

      Six-unit office complex, fully occupied, with ample parking.
      3608 Maple Ave, Zanesville, OH 43701
      View Details
    • $1,500,000

      Versatile Zanesville Commercial Building

      10,000 SF building with medical office and retail potential.
      1927 Maysville Ave, Zanesville, OH 43701
      View Details
    • $805,000

      Historic Building with Modern Upgrades

      Landmark building in downtown Zanesville with flexible space.
      333 Market St, Zanesville, OH 43701
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo
      74,923 SF

      South Zanesville Warehouse For Lease

      Spacious warehouse with office space, convenient location, and efficient logistics.
      120 Graham St, South Zanesville, OH 43701
      View Details
    • $675 /Mo
      34,848 SF

      Downtown Retail or Office Space

      Former retail space suitable for retail or office use.
      241 Market St, Zanesville, OH 43701
      View Details
    • $11 SF/Yr
      22,216 SF

      Zanesville Office Space Available

      Professional office space in downtown Zanesville, move-in ready.
      320 Main St, Zanesville, OH 43701
      View Details
    • $1.00 SF/Yr
      9,932 SF

      Zanesville Office Space Available

      First floor office space with utilities included in Zanesville, OH.
      47 N 4Th St, Zanesville, OH 43701
      View Details
    • $350 /Mo
      125 SF

      Professional Office Building Suites Available

      Multi-suite office building with utilities included and ample parking.
      1100 Brandywine Blvd, Zanesville, OH 43701
      View Details
    • $350 /Mo
      2,614 SF

      Zanesville Office Suites Available

      Professional office building with multiple suites for rent in Zanesville.
      1100 Brandywine Blvd, Zanesville, OH 43701
      View Details

    Property Visit Statistics

    • Visits by month
      486
    • Visitors by month
      219
    • Avg Time on site
      34 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    534 Market St
    Zanesville, OH 43701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    534 Market St, Zanesville, OH, 43701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!