Downtown Lisbon Commercial
For Sale
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127 North Beaver Street, Lisbon, OH 44432
Commercial property in Lisbon's historic downtown district, formerly a taproom.
Property Size2,026 SF
Price / SF$229.52
Days on Market167
Property Features for 127 North Beaver Street
General Information
Standard status
Active
Size
2,026 SF
Property subtype
Retail
Listing Agency:
Keller Williams Chervenic Real
Listed By:
Shawn Burton · License #2020006722
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Jul 17 at 10:56AM
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 Keller Williams Chervenic Real
Investment Insights
Based on property information with market context.
Located in downtown Lisbon at 127 N Beaver Street, this commercial property presents an opportunity for ownership in a well-known location that formerly operated as a taproom. The property benefits from visibility and access just off Lincoln Way, the main east-west corridor through the community. Situated in Lisbon’s historic downtown district, the property experiences steady local traffic and benefits from nearby businesses and courthouse activity. Lincoln Way, part of U.S. Route 30, sees approximately 6,000 vehicles per day. The building, previously a bar and taproom, is suited for hospitality or entertainment use. The interior includes space for a bar area, seating, and gathering areas, making it suitable for reopening as a bar, restaurant, brewery, wine bar, café, or event venue. The flexible layout also allows for other commercial uses such as retail, office, or mixed-use space. Features include a POS system, 16 tap draft system, central HVAC, basement storage, a new kitchen with new appliances less than 2 years old, prep cooler, freezer, fryers, warmers, oven, large vent hood, 30 parking spaces, heated patio bar with decorative rolldown insulation, patio with working natural gas fireplaces and drainage, stage, office space with private bathroom, storage units, walk-in deep freezer, and beer cooler. All utilities are available to stack another office space sized unit in the event center. The property has 5 entryways and includes 3 parcels. Major upgrades have been completed over the last 5 years.
Key Highlights
- Established commercial property in Lisbon's historic downtown with high visibility.
- Layout well‑suited for hospitality/entertainment with existing bar area and seating.
- New kitchen with appliances less than 2 years old 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
$26,394
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
5.68%
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%
$527,880
$527.9K
Cap Rate 7%
$377,057
$377.1K
Cap Rate 9%
$293,267
$293.3K
Market Conditions
NOI Build-Up for 2,026 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
$36.5K $18.00/SF
− Vacancy
−$1.3K −$0.63/SF
EGI
$35.2K $17.37/SF
− OpEx
−$8.8K −$4.34/SF
NOI
$26.4K $13.03/SF
Area
Columbiana County, OH
Vacancy
3.50%
Lease Rate
$18.00 /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%
$527,880
Cap Rate 7%
$377,057
Cap Rate 9%
$293,267
Alternative Uses
Best Use
Specialty Retail
$377.1K
$329.9K – $439.9K
NOI $26,394 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,796 @ 7.0% cap · market cap 25.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Groceries 24%
Dining 11%
Circle K
Shops & Services
13,690 visits/mo
0.2 miles
Save-A-Lot
Groceries
5,951 visits/mo
0.2 miles
East of Chicago Pizza
Dining
2,818 visits/mo
0.2 miles
Huntington Bank
Shops & Services
2,221 visits/mo
0.1 miles
Demographics for 44432, OH
12,276
Population
4,768
Households
2.6
Avg Household Size
45
Median Age
13%
College-Educated
85%
High-School Grad
105.8 sq mi
ZIP Area
116
Density / Sq Mi
$63,173
Median Household Income
$33,750
Median Earnings
$744
Median Rent
$141,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Shenanigans Pub — 220 S Jefferson St, Lisbon, OH 44432
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial property in Lisbon's historic downtown district, formerly a taproom.
Where is this bar & pub located?
The property is located at 127 North Beaver Street Lisbon, OH.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Established commercial property in Lisbon's historic downtown with high visibility.; Layout well‑suited for hospitality/entertainment with existing bar area and seating.; New kitchen with appliances less than 2 years old included.**
