135 Deo DrNewark, OH 43055

Property Details for 135 Deo Dr

Year built

2007

Lot size

6.97 AC

Property size (Sq ft)

24,200 SF

Property type

Retail properties

Property subtype

Community centers

APN

054-270270-00.000

APU

5427027000000

Description

This exceptional Class A medical office building, constructed in 2007, offers 24,392 square feet of space in Newark, Ohio. The single-story building features three suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 114,392 square feet. Currently, 6,400 square feet is available. The property sits on a 6.97-acre lot and boasts 802 parking spaces, providing ample convenience for patients and staff. The building features a 16-foot ceiling height. Located at 135 Deo Dr, Newark, OH 43055, this property enjoys a prime location with excellent visibility and access from Deo Drive and Mount Vernon Road, near major roadways including US Route 16. The property benefits from its proximity to a thriving retail corridor, including major retailers like Walmart, Kroger, Home Depot, and numerous restaurants and amenities. The area is experiencing significant population growth fueled by major tech company expansions in the Columbus MSA, resulting in a strong and affluent demographic profile. The property is zoned for General Business and has an APN of 5427027000000. Taxes are $1.85 per square foot. This presents a unique opportunity for medical practices seeking a high-visibility location within a rapidly growing market. The property is situated in the Licking County submarket of the Columbus MSA.

• CAP approach

  CAP return

  Valuation

  6%

  $6,765,361

  6.5%

  $6,244,949

  7%

  $5,798,881

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,704,444

  Geo Method

  $5,704,444

• Alternative Use

  Use

  Valuation

  Residential

  $5,267,848

  Hospitality

  $4,825,320

  Educational

  $4,014,610

  Medical

  $4,152,678

  Retail

  $6,244,949

Location Insight

City

Newark

County

Licking

State

Ohio

Latitude

40.0851

Longitude

-82.4211

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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