Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1821 E Wheeling Ave Cambridge, OH 43725

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $225,000

    Restaurant building for sale with high traffic and dense demographics.

    We can help!

    Listing Contact
    Jay Dakhoo
    Source: Legacycrea

    Listing Agent: Jay Dakhoo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Former Restaurant on Wheeling Avenue

    The property includes a 3,000-square-foot building situated on 0.48 acres. The location benefits from high traffic counts, with over 11,500 vehicles passing the site daily on Wheeling Avenue. The surrounding area has dense demographics, with over 13,000 residents within a 3-mile radius. Daytime employment in the same radius exceeds 11,000 people. Previously operated as a Long John Silver's restaurant.
    Location Intelligence

    Current Use by Public Records

    Long John Silver's Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.5735945
    Latitude
    40.0272385

    Nearby Similar for Sale

    • $349,900
      4,500 SF

      Versatile Commercial Building on Woodlawn

      Adaptable 4,500 sq ft commercial building near State Route 209.
      918 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • $849,000
      0.40 Acres

      Versatile Office Space in Cambridge

      Four-level office building in downtown Cambridge with on-site parking.
      927 Wheeling Ave, Cambridge, OH 43725
      View Details
    • $415,000
      0.50 Acres

      Cambridge Office Building For Sale

      Spacious office building with new roof, convenient location, and accessibility.
      1175 South 13Th St, Cambridge, OH 43725
      View Details
    • $379,900
      7.70 Acres

      Cambridge Office Space on Acreage

      Office space on 7.697 acres, many possibilities.
      2500 Glenn Hwy, Cambridge, OH 43725
      View Details
    • $329,900
      1,960 SF

      Cambridge Duplex with Income Potential

      2002-built duplex on two parcels, great income potential.
      141 Meadowpark Dr, Cambridge, OH 43725
      View Details
    • $149,900
      3,000 SF

      Cambridge Four-Unit Multifamily Property

      Four-unit property with growth and income potential in Cambridge, OH.
      610 Madison Ave, Cambridge, OH 43725
      View Details
    • $349,900

      Adaptable Commercial Building on Woodlawn

      Spacious commercial building with flexible layout, ideal for various businesses.
      918 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • Contact for pricing
      7,936 SF

      Commercial Property with Showroom, Office

      Commercial property featuring showroom, office space, and fabricating room.
      919 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • $145,000

      Downtown Cambridge Professional Office Space

      Professional office space in downtown Cambridge with income potential.
      126 N 9Th St, Cambridge, OH 43725
      View Details
    • $547,000
      3,070 SF

      Cambridge Office Building - High Traffic Area

      Prime Office Space, High Visibility, Two Parcels
      7297 Glenn Hwy, Cambridge, OH 43725
      View Details
    • $369,999
      4,500 SF

      Cambridge Office Building - Prime Location

      Spacious office, flexible layout, great access.
      918 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • $650,000
      1.75 Acres

      High-Potential Cambridge Commercial Land

      1.75 Acres, US 22-40 Gateway, Investment Opportunity
      325 Dewey Ave, Cambridge, OH 43725
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Restaurant building for sale with high traffic and dense demographics.
    Where is this drive through restaurant located?
    The property is located at 1821 E Wheeling Ave Cambridge, OH.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - High Traffic Counts: Over 11,500 vehicles pass the site daily on Wheeling Ave.; - Dense Demographics: Over 13,000 residents within a 3-mile radius.; - High Daytime Employment: Over 11,000 employees within a 3-mile radius.
    (248) 450-3255
    Request Owner's contact information
    1821 E Wheeling Ave Cambridge, OH 43725
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1821 E Wheeling Ave
    Cambridge, OH 43725
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1821 E Wheeling Ave Cambridge, OH 43725
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jay Dakhoo
    (248) 450-3255
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!