Three-Building Bar and
For Sale
$1,399,900
127 S Broadway Street, New Philadelphia, OH 44663
CommercialSale, New Philadelphia, OH
Property Size14,947 SF
Lot Size0.16 Acres
Price / SF$93.66
Days on Market206
Property Features for 127 S Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
On Street
Elementary school district
New Philadelphia CSD - 7906
Middle school district
New Philadelphia CSD - 7906
High school district
New Philadelphia CSD - 7906
Directions
South Broadway.
Standard status
Active
APN
4301737000
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MID-S 153 SW COR 154 & ROW
Tax Annual Amount
5063
Legal Description
MID-S 153 SW COR 154 & ROW
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
4 pool tables
jukebox
26 hi def TVs
Ohio lottery
expansive bar area seats 18 with 21 beer taps
separate banquet room with exterior entrance
new walk in freezer
new grill
3 well maintained furnaces and air conditioning units
Building Details
Year built
1870
Roof type
Rubber
Listing Agency:
McInturf Realty
(330) 364-6648
Listed By:
Jan A McInturf · License #314352
(330) 343-7603
Added: Feb 10
Changed: Aug 20
Last Checked: Sep 4 at 12:06AM
MLS# 5186477
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This bar and pub property comprises three connected buildings totaling 14,947 square feet across three levels. The main floor provides 6,427 square feet of bar, dining, kitchen, and entertainment space, with seating for 204 guests. The layout includes a bar with 21 beer taps and seating for 18, a separate banquet room with its own exterior entrance, and commercial kitchen areas. Equipment includes four pool tables, a jukebox, 26 high-definition televisions, and an Ohio Lottery terminal.
The property occupies 0.16 acres on South Broadway in New Philadelphia, near the city square, with access to State Route 250 and I-77. On-street parking is available. Building systems include three furnaces, central air conditioning, public water and sewer, and a rubber roof. Recent work includes a walk-in freezer, kitchen flooring, partial roof replacement, a grill, and bar flooring.
The property occupies 0.16 acres on South Broadway in New Philadelphia, near the city square, with access to State Route 250 and I-77. On-street parking is available. Building systems include three furnaces, central air conditioning, public water and sewer, and a rubber roof. Recent work includes a walk-in freezer, kitchen flooring, partial roof replacement, a grill, and bar flooring.
Key Highlights
- 14,947 square feet across three levels and three buildings
- 6,427‑square‑foot main floor with seating capacity of 204
- Bar seats 18 and includes 21 beer taps
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,811
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,376,220
$2.4M
Cap Rate 7%
$1,697,300
$1.7M
Cap Rate 9%
$1,320,122
$1.3M
Market Conditions
NOI Build-Up for 14,947 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$165.0K $11.04/SF
− Vacancy
−$6.6K −$0.44/SF
EGI
$158.4K $10.60/SF
− OpEx
−$39.6K −$2.65/SF
NOI
$118.8K $7.95/SF
Area
Tuscarawas County, OH
Vacancy
4.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,376,220
Cap Rate 7%
$1,697,300
Cap Rate 9%
$1,320,122
Alternative Uses
Best Use
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,811 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $194,976 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
90k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Apparel 41%
Home Improvements & Furnishings 1%
Kohl's
Apparel
36,541 visits/mo
0.5 miles
Speedway
Shops & Services
20,780 visits/mo
0.3 miles
Speedway
Shops & Services
13,826 visits/mo
0.3 miles
Huntington Bank
Shops & Services
8,347 visits/mo
0.2 miles
Chase Bank
Shops & Services
5,013 visits/mo
0.1 miles
Demographics for 44663, OH
25,601
Population
11,702
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
96.2 sq mi
ZIP Area
266
Density / Sq Mi
$62,383
Median Household Income
$36,495
Median Earnings
$859
Median Rent
$177,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating hospitality property with restaurant, entertainment, banquet, kitchen, and bar areas across a multi-level commercial building.
Where is this bar & pub located?
The property is located at 127 S Broadway Street New Philadelphia, OH.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: 14,947 square feet across three levels and three buildings; 6,427‑square‑foot main floor with seating capacity of 204; Bar seats 18 and includes 21 beer taps
