Profitable Restaurant in High-Traffic
For Sale
$799,900
110 S Broadway St, New Philadelphia, OH 44663
Well-established restaurant with loyal customer base and D-1 liquor license.
Property Size2,835 SF
Lot Size0.24 Acres
Price / SF$282.15
Days on Market215
Property Features for 110 S Broadway St
General Information
Standard status
Active
Size
2,835 SF
Lot size
0.24 Acres
Taxes and HOA fees
Annual Taxes
$4,903
Listing Agency:
McInturf Realty
(330) 364-6648
Listed By:
Jan A McInturf · License #314352
(330) 364-6648
Source:
Exprealty
Added: Jan 20
Changed: Aug 23
Last Checked: Aug 21 at 6:37AM
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.
This is a well-established and profitable restaurant located in a high-traffic area in the square of New Philadelphia. The 2,835 square-foot building includes a fully equipped kitchen, dining area, office, and banquet room with a stage and separate bar. A D-1 liquor license is included with the property. The exterior has been recently updated to enhance curb appeal. Oak hardwood floors were installed in 2024. The kitchen features updated LED lighting, updated monitors, and a new walk-in cooler. The property includes a private rear parking lot with 2 storage sheds. The building also has a full second floor with potential. The property size is 10,334 square feet.
Key Highlights
- Highly profitable, well‑established restaurant with loyal customer base and stellar reputation.
- Prime, high‑traffic location in the square of New Philadelphia.
- Includes a D‑1 liquor license.
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
$22,535
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
2.82%
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%
$450,700
$450.7K
Cap Rate 7%
$321,929
$321.9K
Cap Rate 9%
$250,389
$250.4K
Market Conditions
NOI Build-Up for 2,835 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
$31.3K $11.04/SF
− Vacancy
−$1.3K −$0.44/SF
EGI
$30.0K $10.60/SF
− OpEx
−$7.5K −$2.65/SF
NOI
$22.5K $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%
$450,700
Cap Rate 7%
$321,929
Cap Rate 9%
$250,389
Alternative Uses
Best Use
Specialty Retail
$321.9K
$281.7K – $375.6K
NOI $22,535 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.3K
$462.3K – $616.4K
NOI $36,981 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
90k
Monthly Visits Nearby
Under-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Empire China Buffet — 400 Mill Ave SE, New Philadelphia, OH 44663
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Well-established restaurant with loyal customer base and D-1 liquor license.
Where is this conventional restaurant located?
The property is located at 110 S Broadway St New Philadelphia, OH.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Highly profitable, well‑established restaurant with loyal customer base and stellar reputation.; Prime, high‑traffic location in the square of New Philadelphia.; Includes a D‑1 liquor license.
