Property profile

9 3rd St Newark, OH 43055

OFF-MARKET
Office buildings
Property ID
US66-5957021
3,168 SF 0.13 ac lot Built 1910
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This stunning, recently renovated Class A office building at 9 N 3rd St in Newark, Ohio offers seven individual suites ranging from 172 to 298 square feet. Located in Licking County, this two-story, 2,392 square foot building boasts original pine hardwood floors and a stylish new tin ceiling. Built in 1910 and completely renovated in 2024, the property is currently fully vacant and ready for immediate occupancy. The building features multiple tenancy options, perfect for a variety of businesses. While there is no elevator, the building's size and layout make it easily accessible. All utilities are included in the lease rates, providing a convenient and cost-effective solution. High-speed, secure corporate-level Wi-Fi access is also included, ensuring seamless connectivity for tenants. This exceptional property presents a unique opportunity to establish a presence in a revitalized downtown Newark location. The building's blend of historic charm and modern amenities makes it an ideal space for businesses seeking a prestigious and functional workspace. Contact us today to learn more about leasing opportunities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1910
Total area 3,168 SF
Lot 0.13 ac (5,793 SF)
APN 054-203094-00.000
UPID US66-5957021

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
  • Law Firm Child Welfare Organization
  • Home Health Care Service
  • Real Estate Agency
  • Law Firm

Location

9 3rd St Newark, OH 43055-5506
Newark metro Census 759000 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2023
Last sale
$515,000
7 recorded transactions
2023
$515,000
2017
Price N/A
2017
Price N/A
2017
$65,000
2016
Price N/A
1969
Price N/A
1969
Price N/A

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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