Property profile

592 Newark Granville Rd Granville, OH 43023

FOR SALE
Office Spaces
Property ID
US66-2933703
871 SF 0.1 ac lot Built 1987
Individually Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard
No photos on file
For Sale
$239,000 871 SF
592 Newark Granville Rd, Granville, OH 43023
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Property summary

AI-generated overview

This 871 square foot special purpose property, located at 592 Newark Granville Road in Granville, Ohio, is currently listed at $250,000 ($287.03/sq ft). Built in 1987, the property is ideally situated across from the Denison Golf Course. Currently leased to a dentist until May 29, 2026, this presents a strong investment opportunity with a stable tenant. The lease agreement stipulates that the tenant is responsible for all utilities, while the owner covers real estate taxes and condo fees. A monthly condo owner association (COA) fee of $178.12 is also associated with the property. The unit includes handicap access, ensuring compliance with accessibility standards. There is no on-site real estate signage. The property's lot size is not specified. This turnkey investment offers a blend of stable income and a desirable location in the Village of Granville, Ohio, zip code 43023. The net rentable square footage is 871 square feet, matching the total square footage. This presents a rare opportunity to acquire a well-maintained and strategically located commercial property in a thriving community. Serious inquiries only.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1987
Total area 871 SF
Lot 0.1 ac (4,356 SF)
APN 020-043650-00.003
UPID US66-2933703

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office

Location

592 Newark Granville Rd Granville, OH 43023
Granville metro Census 757701 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$110k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2021
Last sale
$164,000
2 recorded transactions
2021
$164,000
2016
$125,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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