Building Details

Year Built 1972

Buildings 1

Building Size 3,966 SF

Listing Agency: McInturf Realty

Listed By: Jan A McInturf · License #314352 Show Phone

Source: Theacclaimedrealty

Added: Jul 13 Changed: Oct 7 Last Checked: Oct 7 at 1:50PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McInturf Realty

Investment Insights

Based on property information with market context.

Built in 1972, this 3,966-square-foot restaurant property occupies a level 1.26+/- acre parcel. The interior features recently refreshed finishes, wood laminate flooring, a fireplace, cathedral wood-beamed ceilings, and floor-to-ceiling windows. Its prior winery configuration included indoor and outdoor dining areas, restrooms, and a renovated patio with a natural gas firepit.

Building systems include 5 gas furnaces, 4 central air units, and 1200-amp electric service. A paved on-site parking lot provides 24+/- spaces. The property has views toward and adjoins Wilkshire Hills Golf Course, with access to State Route 212 and I-77.

Key Highlights

• 3,966 square feet on a 1.26+/- acre level lot
• Prior winery layout with indoor and outdoor dining areas and restrooms
• Renovated outdoor patio with natural gas firepit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,978

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,560 $759.6K

Cap Rate 7%

$542,543 $542.5K

Cap Rate 9%

$421,978 $422.0K

Market Conditions

NOI Build-Up for 3,966 SF

Gross rent

$63.3K $15.96/SF

− Vacancy

−$12.7K −$3.19/SF

EGI

$50.6K $12.77/SF

− OpEx

−$12.7K −$3.19/SF

NOI

$38.0K $9.58/SF

Area

Tuscarawas County, OH

Vacancy

20.00%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,560

Cap Rate 7%

$542,543

Cap Rate 9%

$421,978

Alternative Uses

Best Use

Office B

$542.5K

$474.7K – $633.0K (±1% cap)

NOI $37,978 @ 7.0% cap · market cap 7.60%

Second Best

Specialty Retail

$450.4K

$394.1K – $525.4K (±1% cap)

NOI $31,525 @ 7.0% cap · market cap 6.31%

Theoretical Best

Office A

$739.1K

$646.7K – $862.2K (±1% cap)

NOI $51,734 @ 7.0% cap · market cap 10.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

A Better Home Health ... Employment Agency 3 Roses Wine ... Brewery & Distillery

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store HVAC Service Pharmacy Real Estate Agency Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

137

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44612, OH

5,443

Population

2,296

Households

2.4

Avg Household Size

44

Median Age

31%

College-Educated

95%

High-School Grad

26.5 sq mi

ZIP Area

205

Density / Sq Mi

$84,632

Median Household Income

$43,817

Median Earnings

$792

Median Rent

$244,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Flexible restaurant layout with indoor and outdoor dining, restrooms, and a natural gas firepit.

Where is this conventional restaurant located?

The property is located at 10804 Wilkshire Boulevard NE Bolivar, OH.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 3,966 square feet on a 1.26+/- acre level lot; Prior winery layout with indoor and outdoor dining areas and restrooms; Renovated outdoor patio with natural gas firepit