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    Two-Level Bar and Restaurant Title is generated by Realmo AI

    24 S 2nd Street, Hamilton, OH 45011

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    Claim this Listing
    New
    For Sale
    $525,000

    COMMERCIAL - Hamilton, OH

    Property size:
    4,872 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $107/SF
    Added:
    Jun 5, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 8 at 2:06 am

    Property Features for 24 S 2nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Smoke Detector, Alarm System
    Exterior features
    Sidewalks, Lights
    Standard status
    Active
    APN
    P6421-003-000-074
    Size
    4,872 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1929
    Flooring type
    Concrete, Vinyl
    Building materials
    Concrete
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Marilyn Combs

    Listing agent Marilyn Combs

    Listing office Century 21 Thacker & Assoc. 3996 Oxford-Millville Rd., Oxford, OH

    Listing date Jun 5, 2026

    MLS# 1882053

    Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Full bar up and full bar down with all equipment included
    • Year built 1929 with concrete construction and concrete/vinyl flooring
    • Newer roof with rolled hot mop roofing
    • Fire alarm and sprinkler system plus alarm system and smoke detectors
    • 3 restrooms, small kitchen, storage room, bonus room, and office
    • Full basement plus sub basement

    Overview

    This two-level bar and restaurant property includes a full bar up and a full bar down. Equipment is included, and the building features a newer roof plus updated fire alarm and sprinkler system. The interior is supported by a full basement and a sub basement, along with a small kitchen, storage room, bonus room, and office. Additional amenities include three restrooms and a security system.

    The property is located on a high-traffic area and has windows all around, helping provide visibility and natural light throughout the space. With multiple interior rooms and substantial back-of-house storage in the basement levels, the layout can support both service operations and day-to-day organization.

    For a restaurant operator or buyer looking for a ready-to-run concept, the combination of included bar equipment, existing kitchen and office space, and established life-safety systems reduces start-up scope. The presence of three restrooms and multiple utility rooms can support steady service, while the basement and sub-basement add flexibility for storage needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mona Lisa’s Permanent ... Medical Clinic Lounge 24 Bar & Pub

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Gym & Fitness Center Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Red's Place — 501 Ludlow St, Hamilton, OH 45011
    • The Bar and Grill — 611 Pyramid Hill Blvd, Hamilton, OH 45013
    • The Grub Pub — 47 Hancock Ave, Hamilton, OH 45011
    • Club Car — 925 Maple Ave, Hamilton, OH 45011
    • sdf — 816 n, high st, hamilton, oh 45011

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Butler
    State
    Ohio
    Longitude
    -84.561898
    Latitude
    39.399164

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    FAQs

    What type of property is this?
    Bar & Pub - Two-level bar with equipment included, multiple restrooms, and surrounding windows for street-facing dining.
    Where is this bar & pub located?
    The property is located at 24 S 2nd Street Hamilton, OH.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Full bar up and full bar down with all equipment included; Year built 1929 with concrete construction and concrete/vinyl flooring; Newer roof with rolled hot mop roofing
    (513) 524-2221
    We can help!
    Listing Contact
    Marilyn Combs
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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