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Property profile & analytics
OFF-MARKET
Warehouses
80 Westgate Dr, Newark, OH 43055-9313
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-5858229
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1966
Total area
1,509 SF
Lot
0.76 ac (33,106 SF)
APN
020-043656-00.000
UPID
US66-5858229
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
-
Courtney Churry LMT Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ao At 80 Westgate LLC · 4 yrs held
Ao At 80 Westgate LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,209
Tax year 2023
Assessed value
$171,050
Assessed 2023
Previous assessed
$171,050
+0.0% YoY
Effective rate
6.55%
On assessed value
Assessed land
$39,900
Assessed improvement
$131,150
Land market value
$114,000
Improvement market value
$374,700
Total market value
$488,700
Applied tax rate
20.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1966
Heating
NONE
Stories
1
Total area
1,509 SF
Lot
0.76 ac (33,106 SF)
APN
020-043656-00.000
UPID
US66-5858229
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
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Ao At 80 Westgate LLC
Entity
Mailing address
80 WESTGATE DR, NEWARK, OH 43055-9313
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
Always Forward Fitness And Adventur
—
Deed
related
$275,000 · The Community Bank
Dec 12, 2022
—
Deanleigh Properties LLC
—
Deed
related
$85,000 · North Valley Bank
May 17, 2022
—
Ao At 80 Westgate LLC
Always Forward Fitness And Adventur
Warranty Deed
$275,000 · Ohio Statewide Development Corporation
Jan 10, 2022
$550,000
Always Forward Fitness And Adventur
Mcre At 80 Westgate Drive
Warranty Deed
$275,000 · The Community Bank
Mar 5, 2021
—
Mcre At 100 Manning Street LLC
—
Deed
related
$4,568,000 · Park National Bank
Nov 6, 2020
—
Mcre T 80 Westgate Drive LLC
Cyanna Education Services LLC
Grant Deed
—
Feb 28, 2020
$46,000
Cyanna Education Services LLC
Shumaker Construction Ltd
Warranty Deed
$460,000 · The Park National Bank
Nov 26, 2018
—
Shumaker Construction Ltd
—
Trustees Deed
related
$240,000 · Park Nat'l Bk
Aug 13, 2018
—
Shumaker Construction Ltd
—
Deed
related
$150,000 · The Park National Bank
Jun 15, 2017
$400,000
Shumaker Construction Ltd
Atlas Nci I Spe LLC
Limited Warranty Deed
$331,000 · The Park National Bank
Nov 10, 2016
$533,334
Atlas Ncspe 1 LLC
Sheriff Of Licking County|burgin,susan G
Trustees Deed
related
—
Nov 3, 2005
$607,900
David A Burgin
Caroline L Fetter
Warranty Deed
$1,025,000 · Branch Banking And Trust Co
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.
Try Rey
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