Building Details

Year Built 1996

Listing Agency: e-Merge Real Estate Excellence

Listed By: Heather Dalessandri Show Phone

Source: Dreamcolumbus

Added: Mar 26 Changed: Oct 11 Last Checked: Oct 7 at 4:01PM

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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 e-Merge Real Estate Excellence

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Investment Insights

Based on property information with market context.

This commercial property presents an opportunity to own a business near Hocking Hills. The property is currently configured for take-out service, with equipment included in the sale. Potential exists to expand operations by adding dine-in and delivery services. The building offers room for business growth and potential expansion of the building size if desired. The property size is 1568 square feet.

Key Highlights

• Existing business opportunity near Hocking Hills
• Includes existing equipment for immediate operation
• Potential for increased revenue through dine‑in and delivery services

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,899

Cap Rate

4.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$337,980 $338.0K

Cap Rate 7%

$241,414 $241.4K

Cap Rate 9%

$187,767 $187.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,568 SF

Gross rent

$23.5K $15.00/SF

− Vacancy

−$988 −$0.63/SF

EGI

$22.5K $14.37/SF

− OpEx

−$5.6K −$3.59/SF

NOI

$16.9K $10.78/SF

Area

Ross 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 Rate 5%

$337,980

Cap Rate 7%

$241,414

Cap Rate 9%

$187,767

Alternative Uses

Best Use

Specialty Retail

$241.4K

$211.2K – $281.7K (±1% cap)

NOI $16,899 @ 7.0% cap · market cap 4.23%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$295.9K

$258.9K – $345.2K (±1% cap)

NOI $20,713 @ 7.0% cap · market cap 5.18%

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

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Auto Repair Shop Garden Center (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Barber Shop

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

Location Intelligence

Trade Area within ½ mile

102

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 43101, OH

322

Population

157

Households

2.1

Avg Household Size

43

Median Age

15%

College-Educated

78%

High-School Grad

0.3 sq mi

ZIP Area

1,073

Density / Sq Mi

$36,563

Median Household Income

$41,750

Median Earnings

$869

Median Rent

$123,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant business for sale near Hocking Hills with equipment.

Where is this conventional restaurant located?

The property is located at 11850 Walnut St Adelphi, OH.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Existing business opportunity near Hocking Hills; Includes existing equipment for immediate operation; Potential for increased revenue through dine‑in and delivery services