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Property profile & analytics
OFF-MARKET
Office buildings
9 3rd St, Newark, OH 43055-5506
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-5957021
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Office Of Stacy J. Jewell Law Firm Child Welfare Organization
-
FirstLight Home Care of Licking and Fairfield Counties Home Health Care Service
-
Anderson Layman Co Real Estate Agency
-
Hand James R Law Firm
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
Mpw Properties LLC · 2 yrs held
Mpw Properties LLC
since 2023
Last sale
$515,000
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
$3,639
Tax year 2023
Assessed value
$165,830
Assessed 2023
Previous assessed
$165,830
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$37,030
Assessed improvement
$128,800
Land market value
$105,800
Improvement market value
$368,000
Total market value
$473,800
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
1910
Heating
NONE
Stories
2
Total area
3,168 SF
Lot
0.13 ac (5,793 SF)
APN
054-203094-00.000
UPID
US66-5957021
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
1910
Heating
NONE
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Mpw Properties LLC
Entity
Mailing address
9711 LANCASTER RD, HEBRON, OH 43025-9764
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$515,000
Mpw Properties LLC
9 11 North Third Ltd
Warranty Deed
—
Nov 14, 2017
—
9 Holdings LLC
—
Deed
related
$28,000 · The Community Bank
Jun 2, 2017
—
9 Holdings LLC
Jewell,stacy J
Quitclaim Deed
related
—
Jan 18, 2017
$65,000
Stacy J Jewell
Susan P Hand
Warranty Deed
—
Sep 26, 2016
—
9-11 North Third Ltd
—
Deed
related
$265,000 · Columbus First Bk
—
—
9-11 North Third Ltd
—
Deed Of Trust
related
$265,000 · Columbus First Bk
—
—
9-11 N Third Ltd
—
Deed Of Trust
related
$3,263,500 · 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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