Profitable Bar with Real
For Sale
Contact for pricing
4949 N Union Rd, Dayton, OH
Profitable bar business with real estate and liquor licenses.
Property Size3,390 SF
Lot Size0.90 Acres
Price / SF$126.55
Days on Market630
Property Features for 4949 N Union Rd
General Information
Standard status
Active
Size
3,390 SF
Lot size
0.90 Acres
Property subtype
RETAIL
Listing Agency:
Irongate Inc. REALTORS
(937) 540-1234
Listed By:
Bethany Yost · License #SAL.2017003497
(937) 979-7419
Source:
Moodyscre
Added: Dec 20, 2024
Changed: Aug 12
Last Checked: Sep 11 at 11:34AM
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 Irongate Inc. REALTORS
Investment Insights
Based on property information with market context.
A profitable, long-standing bar business and associated real estate are available for purchase. The business includes the transfer of both D5 & D6 liquor licenses, which include Sunday sales. The property features an outdoor seating area with a large, fenced backyard suitable for picnics and small concerts. The second floor contains an apartment area, currently used for storage, that could be restored to an apartment. The property size is 3390 square feet. The business, including FF&E and liquor license transfer, is available for purchase with a lease or partial seller financing for a qualified party. The intended use of the property is for a bar business.
Key Highlights
- Profitable, long‑standing bar business with real estate included.
- Transferable D5 & D6 liquor licenses (includes Sunday sales).
- Outdoor seating area with large, fenced backyard suitable for events.
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
$37,957
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
8.85%
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%
$759,140
$759.1K
Cap Rate 7%
$542,243
$542.2K
Cap Rate 9%
$421,744
$421.7K
Market Conditions
NOI Build-Up for 3,390 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
$52.9K $15.60/SF
− Vacancy
−$2.3K −$0.67/SF
EGI
$50.6K $14.93/SF
− OpEx
−$12.7K −$3.73/SF
NOI
$38.0K $11.20/SF
Area
Dayton, OH
Vacancy
4.30%
Lease Rate
$15.60 /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%
$759,140
Cap Rate 7%
$542,243
Cap Rate 9%
$421,744
Alternative Uses
Best Use
Specialty Retail
$542.2K
$474.5K – $632.6K
NOI $37,957 @ 7.0% cap · market cap 8.85%
Second Best
Mixed Use
$523.0K
$457.7K – $610.2K
NOI $36,612 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$722.5K
$632.2K – $842.9K
NOI $50,573 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Dayton, OH
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Similar Off Market Nearby
- Grill's Tavern — 4949 N Union Rd, Dayton, OH 45426
Frequently Asked Questions
What type of property is this?
Bar & Pub - Profitable bar business with real estate and liquor licenses.
Where is this bar & pub located?
The property is located at 4949 N Union Rd Dayton, OH.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Profitable, long‑standing bar business with real estate included.; Transferable D5 & D6 liquor licenses (includes Sunday sales).; Outdoor seating area with large, fenced backyard suitable for events.
