Former Restaurant and Brewery
For Sale
Contact for pricing
1130 Dublin Rd, Columbus, OH 43215
Former restaurant and brewery building with kitchen infrastructure, open interior layout, and ample parking on Dublin Road.
Property Size10,880 SF
Lot Size1.10 Acres
Price / SF$156.25
Days on Market133
Property Features for 1130 Dublin Rd
General Information
Standard status
Active
Size
10,880 SF
Lot size
1.10 Acres
Property subtype
RETAIL
Listing Agency:
Elford Realty, Inc
(614) 488-4000
Listed By:
Andy Mills, SIOR, CCIM
(614) 582-5521
Source:
Moodyscre
Added: May 4
Changed: Sep 5
Last Checked: Sep 12 at 6:09AM
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 Elford Realty, Inc
Investment Insights
Based on property information with market context.
Elford Realty is pleased to present a former restaurant and brewery property available for purchase or lease. The site includes approximately 10,880 SF of existing improvements on about 1.1 acres, with a spacious interior and an open layout. Existing kitchen infrastructure supports a range of food and beverage-oriented uses, and the building can also be cleared for a new development concept tailored to the buyer’s needs.
The property is located along Dublin Road, where it benefits from strong accessibility and a prominent presence within the Grandview submarket. The offering also includes ample parking, supporting convenient customer and employee access.
For users seeking to move faster than a full ground-up project, the existing improvements provide a practical starting point. For others, the combination of site size and location supports redevelopment, subject to applicable requirements.
The property is located along Dublin Road, where it benefits from strong accessibility and a prominent presence within the Grandview submarket. The offering also includes ample parking, supporting convenient customer and employee access.
For users seeking to move faster than a full ground-up project, the existing improvements provide a practical starting point. For others, the combination of site size and location supports redevelopment, subject to applicable requirements.
Key Highlights
- Former restaurant and brewery property with existing kitchen infrastructure and an open interior layout
- Approximately 10,880 SF building on 1.1 acres
- Located along Dublin Road with high visibility and strong accessibility
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
$145,705
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
8.57%
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%
$2,914,100
$2.9M
Cap Rate 7%
$2,081,500
$2.1M
Cap Rate 9%
$1,618,944
$1.6M
Market Conditions
NOI Build-Up for 10,880 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
$208.9K $19.20/SF
− Vacancy
−$14.6K −$1.34/SF
EGI
$194.3K $17.86/SF
− OpEx
−$48.6K −$4.46/SF
NOI
$145.7K $13.39/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$19.20 /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%
$2,914,100
Cap Rate 7%
$2,081,500
Cap Rate 9%
$1,618,944
Alternative Uses
Best Use
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,705 @ 7.0% cap · market cap 8.57%
Second Best
Industrial
$614.6K
$537.8K – $717.0K
NOI $43,021 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$2.27M
$1.98M – $2.65M
NOI $158,721 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
749
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant and brewery building with kitchen infrastructure, open interior layout, and ample parking on Dublin Road.
Where is this conventional restaurant located?
The property is located at 1130 Dublin Rd Columbus, OH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Former restaurant and brewery property with existing kitchen infrastructure and an open interior layout; Approximately 10,880 SF building on 1.1 acres; Located along Dublin Road with high visibility and strong accessibility
