Renovated Conventional
For Sale
$449,900
12716 Buckeye Rd, Cleveland, OH 44120
Updated food-service property with commercial kitchen equipment, refreshed building systems, and furnished dining space.
Property Size1,728 SF
Lot Size0.27 Acres
Price / SF$260.36
Days on Market76
Property Features for 12716 Buckeye Rd
General Information
Standard status
Active
Size
1,728 SF
Lot size
0.27 Acres
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Highway Access
Yes
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Real of Ohio
Listed By:
Michael Kaim · License #430767
(440) 266-8322
Source:
Theacclaimedrealty
Added: Aug 1
Changed: Oct 11
Last Checked: Oct 7 at 5:23PM
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 Real of Ohio
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 1,728-square-foot building on 0.27 acres, originally built in 1972. Recent work includes commercial kitchen equipment with fryers, a grill top, and a code-compliant hood system. The interior has new countertops, flooring, sinks, faucets, restroom fixtures, drop ceilings, and paint, while the dining area includes tables and chairs.
Building improvements extend to a new boiler, updated plumbing, some electrical work, refurbished refrigeration units with new compressors, and a rooftop AC system serviced with a new control board. The roof has been resealed, and the property includes an alarm system and upgraded exterior lighting.
The restaurant is located near Shaker Square, Buckeye, and the Van Aken District, with access to the Opportunity Corridor, I-490, and I-77.
Building improvements extend to a new boiler, updated plumbing, some electrical work, refurbished refrigeration units with new compressors, and a rooftop AC system serviced with a new control board. The roof has been resealed, and the property includes an alarm system and upgraded exterior lighting.
The restaurant is located near Shaker Square, Buckeye, and the Van Aken District, with access to the Opportunity Corridor, I-490, and I-77.
Key Highlights
- 1,728‑square‑foot restaurant building on 0.27 acres
- Commercial kitchen includes fryers, grill top, and code‑compliant hood system
- New boiler, updated plumbing, and some electrical improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,695
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,900
$433.9K
Cap Rate 7%
$309,929
$309.9K
Cap Rate 9%
$241,056
$241.1K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$31.1K $18.00/SF
− Vacancy
−$2.2K −$1.26/SF
EGI
$28.9K $16.74/SF
− OpEx
−$7.2K −$4.19/SF
NOI
$21.7K $12.56/SF
Area
Cleveland, OH
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,900
Cap Rate 7%
$309,929
Cap Rate 9%
$241,056
Alternative Uses
Best Use
Specialty Retail
$309.9K
$271.2K – $361.6K
NOI $21,695 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.7K
$369.0K – $492.0K
NOI $29,518 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44120, OH
34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Cleveland, OH
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated food-service property with commercial kitchen equipment, refreshed building systems, and furnished dining space.
Where is this conventional restaurant located?
The property is located at 12716 Buckeye Rd Cleveland, OH.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,728‑square‑foot restaurant building on 0.27 acres; Commercial kitchen includes fryers, grill top, and code‑compliant hood system; New boiler, updated plumbing, and some electrical improvements
