Sports Bar and Entertainment
New
For Sale
$1,577,527
1111 Niles Cortland Road NE, Howland, OH 44484
CommercialSale, Howland, OH
Property Size6,600 SF
Lot Size92.00 Acres
Price / SF$239.02
Days on Market1
Property Features for 1111 Niles Cortland Road NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Rooms
Basement
Parking features
Parking Lot
Security features
Security
Patio and Porch features
Patio
Subdivision
Venice Heights
Elementary school district
Howland LSD - 7808
Middle school district
Howland LSD - 7808
High school district
Howland LSD - 7808
Directions
State Route 46 and Anderson Ave
Standard status
Active
APN
28-363306
Lot size
92.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1 105F.483A VEN HTS NILES ASHT RD
Tax Annual Amount
11046
Legal Description
1 105F.483A VEN HTS NILES ASHT RD
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
large deck
outdoor bar
sand volleyball court
bocce court
three-bedroom apartment
garage
full basement
additional storage
Building Details
Year built
1900
Floors in Building
2
Roof type
Asphalt, Fiberglass
Listing Agency:
Keller Williams Chervenic Rlty · Keller Williams Realty
(330) 967-4300
Listed By:
J. B. Spencer · License #389430
(330) 219-8020
Added: Sep 16
Last Checked: Sep 16 at 10:06PM
MLS# 5244829
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.
Investment Insights
Based on property information with market context.
This established bar and restaurant property includes a full-service bar and kitchen, a large dance floor, live entertainment space, private party areas, and additional event space. The offering includes the real estate, equipment, fixtures, inventory, and liquor license, along with a three-bedroom apartment, garage, full basement, and separate storage. Heating is provided by natural gas and forced air, with central air conditioning.
Located on Niles Cortland Road NE in Howland, the property has approximately 16,500 vehicles passing daily and includes approximately 75 parking spaces. Outdoor improvements include a large deck, outdoor bar, sand volleyball court, bocce court, and patio. The 92-acre property also has public water and public sewer.
Located on Niles Cortland Road NE in Howland, the property has approximately 16,500 vehicles passing daily and includes approximately 75 parking spaces. Outdoor improvements include a large deck, outdoor bar, sand volleyball court, bocce court, and patio. The 92-acre property also has public water and public sewer.
Key Highlights
- Full‑service bar and kitchen with large dance floor and live entertainment space
- Private party and event areas included
- Outdoor amenities include a large deck, outdoor bar, sand volleyball court, and bocce court
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
$71,132
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
4.51%
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%
$1,422,640
$1.4M
Cap Rate 7%
$1,016,171
$1.0M
Cap Rate 9%
$790,356
$790.4K
Market Conditions
NOI Build-Up for 6,600 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
$99.0K $15.00/SF
− Vacancy
−$4.2K −$0.63/SF
EGI
$94.8K $14.37/SF
− OpEx
−$23.7K −$3.59/SF
NOI
$71.1K $10.78/SF
Area
Trumbull County, OH
Vacancy
4.20%
Lease Rate
$15.00 /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%
$1,422,640
Cap Rate 7%
$1,016,171
Cap Rate 9%
$790,356
Alternative Uses
Best Use
Specialty Retail
$1.02M
$889.2K – $1.19M
NOI $71,132 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,690 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
16,500 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44484, OH
22,290
Population
9,929
Households
2.2
Avg Household Size
46
Median Age
26%
College-Educated
93%
High-School Grad
17.9 sq mi
ZIP Area
1,245
Density / Sq Mi
$65,435
Median Household Income
$42,490
Median Earnings
$840
Median Rent
$166,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Leon's Sports Bar & Grill — 1111 Niles Cortland Rd NE, Warren, OH 44484
Frequently Asked Questions
What type of property is this?
Bar & Pub - Full-service hospitality property with event space, outdoor amenities, equipment, inventory, and a liquor license.
Where is this bar & pub located?
The property is located at 1111 Niles Cortland Road NE Howland, OH.
What is the asking price?
The asking price for this property is $1,577,527.
What are key features of this property?
This property features: Full‑service bar and kitchen with large dance floor and live entertainment space; Private party and event areas included; Outdoor amenities include a large deck, outdoor bar, sand volleyball court, and bocce court
