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    Established Drive-In Restaurant Opportunity Title is generated by Realmo AI

    60200 Southgate Road, Byesville, OH 43723

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    COMMERCIAL - Byesville, OH

    Lot size:
    0.41 Acres
    Added:
    May 21, 2026
    Days on Market:
    6
    Last Refresh:
    May 26 at 11:06 pm

    Property Features for 60200 Southgate Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    12-0000807.000
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    R3 T1 SA02-03 9 BYES IMP CO
    Tax Annual Amount
    1763

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1938

    We can help!

    Listing Contact
    Ryan D Yoder

    Listing agent Ryan D Yoder License #2010002403

    Listing office Kiko 2722 Fulton Dr. NW, Dover, OH

    Listing date May 21, 2026

    MLS# 5212127

    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.

    HighLights

    • Turnkey, established drive‑in restaurant business with all equipment included.
    • Strong local reputation and loyal customer base built over nearly 70 years.
    • Prime location on a busy street with excellent frontage and visibility.
    • Opportunity to live onsite with adjacent 2‑bedroom, 1‑bath home available.
    • Long‑standing original recipes and signature menu items.
    • Real estate included: three city lots.

    Overview

    This is an opportunity to purchase a well-known, family-owned drive-in restaurant that has served the community for nearly 70 years. Founded in 1957 and operating from its current location since 1968, this turnkey business offers a loyal customer base, a strong local reputation, and long-standing original recipes. The restaurant is known for its signature footlong sauce, fresh-cut fries, and fresh local hamburgers. The sale presents an excellent opportunity for an owner-operator or investor to continue the restaurant's legacy. The property is situated on three city lots along a busy street with frontage and visibility. An adjacent parcel featuring a 2-bedroom, 1-bath home is also available for purchase separately or together with the restaurant, offering additional flexibility and expansion opportunities. The property is located in Byesville, Ohio, in Guernsey County. The lot size is 0.41 acres. Online bidding begins Tuesday, June 9, 2026, at 9:00 AM, and auction live on-site bidding will begin Wednesday, June 10, 2026, at 12:30 PM.
    Property Profile Location Intelligence

    Current Use by Public Records

    Orr's Drive In Restaurant

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Byesville
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.547978
    Latitude
    39.972939

    FAQs

    What type of property is this?
    Drive through restaurant - Turnkey drive-in restaurant with real estate for sale.
    Where is this drive through restaurant located?
    The property is located at 60200 Southgate Road Byesville, OH.
    What are key features of this property?
    This property features: Turnkey, established drive‑in restaurant business with all equipment included.; Strong local reputation and loyal customer base built over nearly 70 years.; Prime location on a busy street with excellent frontage and visibility.
    (330) 231-7445
    We can help!
    Listing Contact
    Ryan D Yoder
    Real Estate License ID: 2010002403
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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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    60200 Southgate Road, Byesville, OH 43723
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