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    827 Market St Zanesville, OH 43701
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    Property profile & analytics

    827 Market St, Zanesville, OH 43701

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    • Small apartment buildings
    Off-Market
    Property ID
    US66-3244178
    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

    • Small apartment buildings

    Property Details for 827 Market St

    Year built
    1901
    Property type
    Small apartment buildings

    Description

    This charming two-unit apartment building, located at 827 Market Street in Zanesville, Ohio, presents a compelling investment opportunity. Built in 1901, the property sits on a 3,484.8 square foot lot and is currently generating a monthly income of $1,350. A rent increase is scheduled for November, promising even greater returns. Each unit features laundry hookups; the upstairs unit has one bedroom, while the downstairs unit offers two bedrooms. The asking price is $142,900, translating to $66.53 per square foot. The property is in good condition and has been recently updated. The owner currently covers water, sewer, and trash expenses. Potential buyers should allow at least 24 hours' notice for showings, respecting the rights of current tenants. This property is priced to sell quickly, so don't miss out on this chance to acquire a profitable multifamily investment in a convenient Zanesville location. The property's zip code is 43701, and it is situated in Muskingum County.

    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
    -82.0020083
    Latitude
    39.9418124

    Comparable in this City

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      Single-Family Investment Home

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      High-Visibility Mixed-Use Zanesville

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      Zanesville Industrial Facility with Cranes

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      Prime Development Land Available

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    Similar Nearby for Sale

    • $420,000
      5.17 Acres

      Zanesville Multifamily Investment Opportunity

      Multifamily property with multiple units and expansion potential.
      3875 Roseville Rd, Zanesville, OH 43701
      View Details
    • New
      $279,900
      0.21 Acres

      Zanesville Multifamily Home For Sale

      Historic home with updated interiors and strong rental income.
      1019 Findley Ave, Zanesville, OH 43701
      View Details
    • New
      $200,000
      0.16 Acres

      Single-Family Investment Home

      Well-maintained rental with month-to-month tenant interest in staying and O-1 zoning offering potential office use.
      2411 Bell St, Zanesville, OH 43701
      View Details
    • $749,900
      7,676 SF

      High-Visibility Mixed-Use Zanesville

      I-70 access, 7676 sq ft, 2.24 acres
      2885 Pike, Zanesville, OH 43701
      View Details
    • $2,000,000

      Zanesville Industrial Facility with Cranes

      13,788 SF industrial facility with cranes and easy highway access.
      999 Zane St, Zanesville, OH 43701
      View Details
    • Contact for pricing

      Prime Development Land Available

      Two parcels in Zanesville, ready for development with utilities.
      930 Orchard St, Zanesville, OH 43701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Zanesville Warehouse/Manufacturing Space Available

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    • $1,000 /Mo
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      Retail Shop with Patio

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      Zanesville Office Suites Available

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      Zanesville Office Space Available

      Second-floor office space with receptionist area and professional offices.
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      Move-in Ready Office Space

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      Prime Commercial Space on Northpointe

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    827 Market St
    Zanesville, OH 43701
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    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
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