Thriving Broadway Brewhouse
For Sale
Contact for pricing
127 S Broadway St, New Philadelphia, OH 44663
Well-maintained bar and restaurant with expansion potential.
Property Size14,947 SF
Price / SF$100.35
Days on Market186
Property Features for 127 S Broadway St
General Information
Standard status
Active
Size
14,947 SF
Property subtype
Hospitality, Retail
Building Details
Buildings
3
Stories
3
Listing Agency:
McINTURF Reatly
(330) 343-7603
Listed By:
Jan McInturf · License #OH 314352
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 18 at 8:01AM
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 McINTURF Reatly
Investment Insights
Based on property information with market context.
The Broadway Brewhouse, a local landmark, is available for purchase after 27 years. The property features 6,427 square feet of main floor space, including a bar, entertainment area, kitchen, and restaurant, with seating for 204 patrons and a loyal customer base. The spacious property includes three buildings (123, 127, and 129) totaling 14,947 square feet across three levels. Amenities include four pool tables, a jukebox, 26 high-definition TVs, and Ohio Lottery. The expansive bar area seats 18 and features 21 beer taps. A separate banquet room with an exterior entrance from the square provides additional income potential. Updates include a new walk-in freezer, updated tile kitchen floors, a partial roof replacement, a new grill, and new bar flooring. Over 8,500 square feet on the second and third floors offer excellent potential for expansion. The property has three well-maintained furnaces and air conditioning units. The business employs 25 people. The property is located on South Broadway, near State Route 250 and I-77.
Key Highlights
- Established, thriving business with loyal customer base offered for the first time in 27 years.
- High‑traffic location near the square of New Philadelphia.
- Large 14,947 sq ft property across 3 buildings with seating for 204.
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
$118,811
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
7.92%
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%
$2,376,220
$2.4M
Cap Rate 7%
$1,697,300
$1.7M
Cap Rate 9%
$1,320,122
$1.3M
Market Conditions
NOI Build-Up for 14,947 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
$165.0K $11.04/SF
− Vacancy
−$6.6K −$0.44/SF
EGI
$158.4K $10.60/SF
− OpEx
−$39.6K −$2.65/SF
NOI
$118.8K $7.95/SF
Area
Tuscarawas County, OH
Vacancy
4.00%
Lease Rate
$11.04 /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%
$2,376,220
Cap Rate 7%
$1,697,300
Cap Rate 9%
$1,320,122
Alternative Uses
Best Use
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,811 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $194,976 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
207k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 51%
Dining 25%
Shops & Services 13%
Office Supplies 4%
Marshalls
Apparel
41,022 visits/mo
0.4 miles
Kohl's
Apparel
36,541 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
28,982 visits/mo
0.5 miles
Jo-Ann Fabric and Craft
Shops & Services
21,156 visits/mo
0.4 miles
Applebee's
Dining
18,391 visits/mo
0.2 miles
Demographics for 44663, OH
25,601
Population
11,702
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
96.2 sq mi
ZIP Area
266
Density / Sq Mi
$62,383
Median Household Income
$36,495
Median Earnings
$859
Median Rent
$177,100
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?
Bar & Pub - Well-maintained bar and restaurant with expansion potential.
Where is this bar & pub located?
The property is located at 127 S Broadway St New Philadelphia, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Established, thriving business with loyal customer base offered for the first time in 27 years.; High‑traffic location near the square of New Philadelphia.; Large 14,947 sq ft property across 3 buildings with seating for 204.
