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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Apartment buildings
930 King Rd Newark, OH 43055-2251
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1979909
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Total area
5,814 SF
Lot
6.93 ac (301,871 SF)
APN
054-286422-02.000
UPID
US66-1979909
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
-
Excel Electronics Electronics & Wireless Store Computer & Electronic Repair
-
Newark Village Square Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$560k
Owner & transaction history
Newark Village Square Apartmen · 10 yrs held
Newark Village Square Apartmen
since 2016
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$525,000
+12.6%
Commercial (general)
$510,000
+9.4%
Restaurant
$485,000
+3.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
$350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$465,000
Current use
INDUSTRIAL (GENERAL)
$525,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$510,000
Change: +9% · Conversion: Moderate
RESTAURANT
$485,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$480,000
Change: +2% · Conversion: Moderate
AUTO REPAIR, GARAGE
$475,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$455,000
Change: -2% · Conversion: Moderate
RETAIL STORES
$375,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
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
$52,148
Tax year 2023
Assessed value
$1,265,600
Assessed 2023
Previous assessed
$1,265,600
+0.0% YoY
Effective rate
4.12%
On assessed value
Assessed land
$242,550
Assessed improvement
$1,023,050
Land market value
$693,000
Improvement market value
$2,923,000
Total market value
$3,616,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1992
Heating
NONE
Stories
1
Total area
5,814 SF
Lot
6.93 ac (301,871 SF)
APN
054-286422-02.000
UPID
US66-1979909
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$465,000
INDUSTRIAL (GENERAL)
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$510,000
RESTAURANT
Est. value
$485,000
OFFICE BUILDING
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$475,000
MEDICAL BUILDING
Est. value
$455,000
RETAIL STORES
Est. value
$375,000
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Stories
1
Lot
6.93 ac
Current owner
From public records · entity-resolved
Newark Village Square Apartmen
Individual
Mailing address
45 N 4TH ST #200, COLUMBUS, OH 43215-3602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2016
—
Newark Village Square Apartmen
—
Deed
related
$1,320,420 · First Fed'l Bk/midwest
—
—
Newark Village Square Apartmen
—
Deed Of Trust
related
$1,320,420 · First Fed'l Bk/midwest
—
—
Newark Village Apartments LLC
—
Deed Of Trust
related
$1,000,000 · Wallick Asset Mgmt LLC
—
—
Village Square Newark
—
Deed Of Trust
related
$1,536,000 · Red Mortgage Capital INC
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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