Bar and Grill with
For Sale
$139,900
121 S Stone St, Fremont, OH 43420
Turnkey bar/grill with included equipment and an upstairs apartment, plus fenced patio dining and on-site parking.
Property Size1,608 SF
Price / SF$87
Days on Market55
Property Features for 121 S Stone St
General Information
Standard status
Active
Size
1,608 SF
Additional Details
Business Included
Yes
Fenced Yard
Yes
Liquor License
Yes
Listing Agency:
Polter Real Estate
(419) 333-8510
Listed By:
Alishia Poorman
(419) 333-8510
Source:
Exprealty
Added: Jun 16
Changed: Jul 10
Last Checked: Aug 8 at 7:31AM
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 Polter Real Estate
Investment Insights
Based on property information with market context.
Lucky Quarters is a bar/grill offering both a finished commercial space and an upstairs apartment. The upstairs apartment measures 1,608 square feet and includes two larger bedrooms, a full bathroom, a sizable living room, a kitchen, and a sun porch area off the kitchen. The sale includes inside and outside items, such as the pool table, bar stools, kitchen equipment, signage, lighting, and other included furnishings and items. New flooring has been installed throughout the bar area. The building also features a walk-in pantry, additional storage space, and a dedicated kitchen area with a larger entertaining setup. An outside fenced-in area is available for dining or entertaining. Parking is provided in both the back and the front of the building.
The property is located at 121 S Stone St in Fremont, OH. The configuration supports on-site customer parking and an outdoor dining area tied to the bar/grill.
For operators and buyers seeking a working food and beverage concept with a residential component, this offering combines a bar/grill setup with an upstairs living unit, with many key items already in place. The liquor license is listed as a D-5, noted as valid in pending mode, with a 2:30 am license time. Unfinished renovation materials mentioned as remaining inside are included with the sale.
The property is located at 121 S Stone St in Fremont, OH. The configuration supports on-site customer parking and an outdoor dining area tied to the bar/grill.
For operators and buyers seeking a working food and beverage concept with a residential component, this offering combines a bar/grill setup with an upstairs living unit, with many key items already in place. The liquor license is listed as a D-5, noted as valid in pending mode, with a 2:30 am license time. Unfinished renovation materials mentioned as remaining inside are included with the sale.
Key Highlights
- Lucky Quarters bar/grill with an upstairs apartment totaling 1,608 sq ft
- Upstairs apartment includes two larger bedrooms, a full bathroom, and a living room plus kitchen
- Sun porch area off the kitchen, with walk‑in pantry and storage space
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
$10,687
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
7.64%
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%
$213,740
$213.7K
Cap Rate 7%
$152,671
$152.7K
Cap Rate 9%
$118,744
$118.7K
Market Conditions
NOI Build-Up for 1,608 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
$20.5K $12.72/SF
− Vacancy
−$1.0K −$0.64/SF
EGI
$19.4K $12.08/SF
− OpEx
−$8.7K −$5.44/SF
NOI
$10.7K $6.65/SF
Area
Sandusky County, OH
Vacancy
5.00%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
45.00%
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%
$213,740
Cap Rate 7%
$152,671
Cap Rate 9%
$118,744
Alternative Uses
Best Use
Specialty Retail
$246.8K
$216.0K – $287.9K
NOI $17,276 @ 7.0% cap · market cap 12.35%
Second Best
Apartment 5plus
$152.7K
$133.6K – $178.1K
NOI $10,687 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$303.4K
$265.5K – $354.0K
NOI $21,241 @ 7.0% cap · market cap 15.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 55%
Shops & Services 45%
Associated Buyers True Value
Home Improvements & Furnishings
5,741 visits/mo
0.2 miles
Marathon Petroleum
Shops & Services
4,605 visits/mo
0.1 miles
Demographics for 43420, OH
29,332
Population
13,876
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
94%
High-School Grad
136.3 sq mi
ZIP Area
215
Density / Sq Mi
$62,802
Median Household Income
$39,779
Median Earnings
$824
Median Rent
$142,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey bar/grill with included equipment and an upstairs apartment, plus fenced patio dining and on-site parking.
Where is this bar & pub located?
The property is located at 121 S Stone St Fremont, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Lucky Quarters bar/grill with an upstairs apartment totaling 1,608 sq ft; Upstairs apartment includes two larger bedrooms, a full bathroom, and a living room plus kitchen; Sun porch area off the kitchen, with walk‑in pantry and storage space
