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    Turn-Key Restaurant Opportunity Title is generated by Realmo AI

    4342 Washington Avenue, Hooven, OH 45033

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    Claim this Listing
    For Sale
    $575,000

    COMMERCIAL - Whitewater Twp, OH

    Lot size:
    0.10 Acres
    Added:
    Jan 18, 2026
    Days on Market:
    131
    Last Refresh:
    May 29 at 4:06 pm

    Property Features for 4342 Washington Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Freight Elevator, Sprinkler Wet
    Exterior features
    Sidewalks, Lights
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    630-0121-0139-00
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1940
    Flooring type
    Vinyl
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Melinda Baumann

    Listing agent Melinda Baumann

    Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH

    Listing date Jan 18, 2026

    MLS# 1866570

    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

    • Established, Profitable Business: Turn‑key Fishtail Tavern with a proven track record of $625K/yr gross revenue (2024) and substantial growth in 2025.
    • Includes Real Estate: Sale encompasses 5 parcels, including the building with onsite parking and an additional lot for 35+ cars.
    • Fully Equipped: Comes with all kitchen equipment, multiple hoods, most dining contents, food, liquor, and stock.
    • Revenue Diversification: ATM, Keno, Lottery, and Jukebox provide opportunities for additional income streams.
    • Operational Advantages: Features a walk‑in cooler, break room, electric dumbwaiter, and ground‑level truck access for efficient operations.
    • Licenses and Training: Includes transfer of liquor license, food license, and business name, plus owner will provide training.

    Overview

    This is a turn-key opportunity to own a restaurant, formerly known as Kings Inn and currently operating as Fishtail Tavern, which is known for its fish and attracts customers from a wide area. The business is currently grossing $625,000 per year (2024) and experienced substantial growth in 2025. The sale includes five parcels: the building with on-site parking and an additional lot that can accommodate 35 or more cars. The sale includes all kitchen equipment, multiple hoods, most dining contents, food, liquor, and stock, excluding a few decor items. The landlord has storage, a walk-in cooler, a break room, and an electric dumbwaiter. A back loading area provides ground-level truck access. The sale includes the transfer of the liquor license, food license, and business name. An ATM, Keno, Lottery, and Jukebox provide opportunities for additional income. The 2024 tax returns are available. The current owner is willing to provide training. The property is located in Whitewater Twp, Hamilton County, Ohio. The lot size is approximately 0.099 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Map

    City
    Hooven
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.7594
    Latitude
    39.1783

    FAQs

    What type of property is this?
    Restaurant - Profitable restaurant with room to grow, includes equipment and licenses.
    Where is this restaurant located?
    The property is located at 4342 Washington Avenue Hooven, OH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Established, Profitable Business: Turn‑key Fishtail Tavern with a proven track record of $625K/yr gross revenue (2024) and substantial growth in 2025.; Includes Real Estate: Sale encompasses 5 parcels, including the building with onsite parking and an additional lot for 35+ cars.; Fully Equipped: Comes with all kitchen equipment, multiple hoods, most dining contents, food, liquor, and stock.
    (866) 212-4991
    We can help!
    Listing Contact
    Melinda Baumann
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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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