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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Office buildings
59 Grant St, Newark, OH 43055-3939
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0142170
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1912
Total area
16,792 SF
Lot
0.82 ac (35,719 SF)
APN
054-186964-00.000
UPID
US66-0142170
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
-
Jobes Henderson & Associates Civil Engineer Environmental Engineer
-
National Youth Advocate Program Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.15M
Owner & transaction history
National Youth Advocate Program INC · 3 yrs held
National Youth Advocate Program INC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+7.6%
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 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
$750,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,610,000
Current use
RESTAURANT
$1,730,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,360,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,340,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.25M (Dec 14 2022)
Last sale anchor
$1.25M
Dec 14 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
$68 / 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
$18,240
Tax year 2023
Assessed value
$422,420
Assessed 2023
Previous assessed
$422,420
+0.0% YoY
Effective rate
4.32%
On assessed value
Assessed land
$57,400
Assessed improvement
$365,020
Land market value
$164,000
Improvement market value
$1,042,900
Total market value
$1,206,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1912
Heating
NONE
Stories
2
Total area
16,792 SF
Lot
0.82 ac (35,719 SF)
APN
054-186964-00.000
UPID
US66-0142170
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1912
Heating
NONE
Stories
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
National Youth Advocate Program INC
Entity
Mailing address
1801 WATERMARK DR STE #200, COLUMBUS, OH 43215-7088
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
$1,250,000
National Youth Advocate Program INC
2 Js LLC
Warranty Deed
—
Nov 29, 2022
—
2 J S LLC
—
Deed
related
$100,000 · Park National Bank
Mar 9, 2020
—
2 J S LLC
—
Deed
related
$80,000 · The Park National Bank
Dec 15, 2009
—
Mid-ohio Dev Corp
—
Deed Of Trust
related
$1,500,000 · Herbert J JR Murphy
May 6, 2009
$115,000
Scott G Dunbar
Desaavedra,john P & Helen I
Warranty Deed
$90,000 · First Fed'l S & L Assn Newark
Jul 18, 2007
—
Granville Township
Granville Township
Quit Claim Deed
related
—
Jun 19, 2007
—
2 Js LLC
Jobes Henderson & Assocs INC
Warranty Deed
$950,783 · Park National Bank
May 29, 2007
—
Alan H Jones
Jones,alan H & Connie S
Quit Claim Deed
related
—
—
—
Jobes Henderson & Associates I
—
Deed Of Trust
related
$200,483 · Huntington National Bank
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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