Remodeled Drive-Through
For Sale
$699,000
1659 Marion Road Bucyrus, Bucyrus, OH 44820
Recently remodeled building with drive-through service, indoor seating, and ample parking to support high-customer-volume days.
Property Size2,261 SF
Price / SF$309.16
Days on Market46
Property Features for 1659 Marion Road Bucyrus
General Information
Standard status
Active
Size
2,261 SF
Total Parking Spaces
20
Taxes and HOA fees
Annual Taxes
$5,002
Amenities
No
Public
0.53
20.0
2261.0
Building Details
Building Size
2,261 SF
Year Built
1984
Listing Agency:
(614) 660-5959
Listed By:
Bernice Banquaio
(614) 660-5959
Source:
Movenowohio
Added: Jul 7
Changed: Aug 16
Last Checked: Aug 21 at 3:52AM
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 Bernice Banquaio
Investment Insights
Based on property information with market context.
This remodeled drive-through restaurant building offers an adaptable interior layout and updates both inside and out. The property includes indoor seating and a drive-through setup designed to support efficient customer flow, along with ample parking for arrivals.
Located along Marion Road (Route 4), the site is positioned to serve pass-through traffic and visitors traveling to nearby recreational destinations. It sits among established businesses on a commercial stretch, providing visibility and straightforward access for customers.
The flexible configuration supports a range of concepts beyond a traditional restaurant format, including retail, office, service-based operations, or a specialty destination shop. With the property already recently remodeled, a new owner may be able to begin operating with limited additional work. Please note that the seller remarks indicate no permit or variance is required for the drive-through use, subject to buyer due diligence and confirmation during underwriting and permitting.
Located along Marion Road (Route 4), the site is positioned to serve pass-through traffic and visitors traveling to nearby recreational destinations. It sits among established businesses on a commercial stretch, providing visibility and straightforward access for customers.
The flexible configuration supports a range of concepts beyond a traditional restaurant format, including retail, office, service-based operations, or a specialty destination shop. With the property already recently remodeled, a new owner may be able to begin operating with limited additional work. Please note that the seller remarks indicate no permit or variance is required for the drive-through use, subject to buyer due diligence and confirmation during underwriting and permitting.
Key Highlights
- Recently remodeled commercial building (2261 SF) built in 1984
- Drive‑through service for convenient customer flow
- Indoor seating included
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
$31,026
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
4.44%
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%
$620,520
$620.5K
Cap Rate 7%
$443,229
$443.2K
Cap Rate 9%
$344,733
$344.7K
Market Conditions
NOI Build-Up for 2,261 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
$42.9K $18.96/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$41.4K $18.30/SF
− OpEx
−$10.3K −$4.57/SF
NOI
$31.0K $13.72/SF
Area
Crawford County, OH
Vacancy
3.50%
Lease Rate
$18.96 /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%
$620,520
Cap Rate 7%
$443,229
Cap Rate 9%
$344,733
Alternative Uses
Best Use
Specialty Retail
$443.2K
$387.8K – $517.1K
NOI $31,026 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 20%
McDonald's
Dining
18,214 visits/mo
0.1 miles
Dollar General
Shops & Services
5,266 visits/mo
0.1 miles
KFC
Dining
3,129 visits/mo
0.1 miles
Demographics for 44820, OH
17,114
Population
7,982
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
160.6 sq mi
ZIP Area
107
Density / Sq Mi
$56,942
Median Household Income
$38,073
Median Earnings
$742
Median Rent
$134,100
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?
Drive through restaurant - Recently remodeled building with drive-through service, indoor seating, and ample parking to support high-customer-volume days.
Where is this drive through restaurant located?
The property is located at 1659 Marion Road Bucyrus Bucyrus, OH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Recently remodeled commercial building (2261 SF) built in 1984; Drive‑through service for convenient customer flow; Indoor seating included
