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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Retail space
971 Mt Vernon Rd Newark, OH 43055-4728
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2255192
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Total area
9,160 SF
Lot
0.94 ac (40,946 SF)
APN
054-270354-00.000
UPID
US66-2255192
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
-
Big League Sports Production Facility Textile Manufacturer
-
Putterz Golf Course
-
Mastodon Ice Arena & Tusky's Mini Golf Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$590k
Owner & transaction history
Mastodon 829 LLC · 2 yrs held
Mastodon 829 LLC
since 2024
Last sale
$590,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$945,000
+42.5%
Office building
$875,000
+32.4%
Commercial (general)
$745,000
+12.2%
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
$590,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$660,000
Current use
RESTAURANT
$945,000
Change: +42% · Conversion: Easy
OFFICE BUILDING
$875,000
Change: +32% · Conversion: Easy
COMMERCIAL (GENERAL)
$745,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $590k (Feb 16 2024)
Last sale anchor
$590k
Feb 16 2024
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
$64 / 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
$7,778
Tax year 2023
Assessed value
$188,760
Assessed 2023
Previous assessed
$188,760
+0.0% YoY
Effective rate
4.12%
On assessed value
Assessed land
$65,800
Assessed improvement
$122,960
Land market value
$188,000
Improvement market value
$351,300
Total market value
$539,300
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Heating
NONE
Stories
1
Total area
9,160 SF
Lot
0.94 ac (40,946 SF)
APN
054-270354-00.000
UPID
US66-2255192
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
RETAIL STORES Current
Est. value
$660,000
RESTAURANT
Est. value
$945,000
OFFICE BUILDING
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$730,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1963
Heating
NONE
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Mastodon 829 LLC
Entity
Mailing address
971 MT VERNON RD, NEWARK, OH 43055-4728
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Feb 16, 2024
—
Mastodon 829 LLC
42 Sports Complex Holding Company L
Quit Claim Deed
related
—
Oct 25, 2023
$590,000
42 Sports Complex Holding Company L
Lawrence A Carrier
Warranty Deed
—
Oct 7, 2022
—
Big League Recreation & Training Co
—
Deed
related
$57,798 · Peoples Bank
Oct 17, 2019
—
Big League Recreation & Training Co
—
Deed
related
$50,000 · Peoples Bank
Sep 22, 2014
—
Lawrence A Carrier
Big League Athletics LLC
Grant Deed
—
Sep 14, 2012
$379,800
Big League Athletics LLC
Carrier,lawrence A & Mary Jane
Grant Deed
$1,554,012 · Lawrence A & Mary J Carrier
—
—
Lawrence A Carrier
—
Deed Of Trust
related
$75,000 · Ohio Heritage 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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