Drive-Through Restaurant
For Sale
$349,900
10260 Carr Road Nw Jeffersonville, Jeffersonville, OH 43128
Newly constructed drive-through restaurant building on an Urban Commercial zoned site at a State Route 71/41 intersection.
Property Size1,200 SF
Lot Size1.20 Acres
Price / SF$291.58
Days on Market48
Property Features for 10260 Carr Road Nw Jeffersonville
General Information
Standard status
Active
Size
1,200 SF
Lot size
1.20 Acres
Zoning
Urban Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$1,086
Amenities
No
Public
1.2
1200.0
Building Details
Building Size
1,200 SF
Year Built
2025
Listing Agency:
(614) 660-5959
Listed By:
Neil (Tony) Mason
(614) 660-5959
Source:
Movenowohio
Added: Jul 5
Changed: Aug 12
Last Checked: Aug 21 at 4:08AM
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 Neil (Tony) Mason
Investment Insights
Based on property information with market context.
Newly constructed drive-through restaurant building positioned for completion and customization. The site has groundwork completed and property improvements include a water line bored under the road to the building, with tap fees paid for final water and sewer connection. Gas is already in place, and phase 3 electric is in progress.
The property is located at the highly traveled intersection of State Route 71 and State Route 41 in Jeffersonville, Ohio. Approval has been granted for D1, D2, and D3 liquor permits, supporting food and beverage use planning under the site’s Urban Commercial zoning.
Zoned Urban Commercial, the site offers flexibility for a variety of uses while leveraging its intersection setting and existing drive-through concept.
The property is located at the highly traveled intersection of State Route 71 and State Route 41 in Jeffersonville, Ohio. Approval has been granted for D1, D2, and D3 liquor permits, supporting food and beverage use planning under the site’s Urban Commercial zoning.
Zoned Urban Commercial, the site offers flexibility for a variety of uses while leveraging its intersection setting and existing drive-through concept.
Key Highlights
- 1.2‑acre Urban Commercial zoned site with a newly constructed drive‑through restaurant building.
- Located at the highly traveled intersection of State Route 71 and State Route 41 in Jeffersonville, OH.
- Groundwork completed; water line bored under road to the building.
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
$23,430
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
6.70%
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%
$468,600
$468.6K
Cap Rate 7%
$334,714
$334.7K
Cap Rate 9%
$260,333
$260.3K
Market Conditions
NOI Build-Up for 1,200 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
$32.4K $27.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$31.2K $26.03/SF
− OpEx
−$7.8K −$6.51/SF
NOI
$23.4K $19.53/SF
Area
Fayette County, OH
Vacancy
3.58%
Lease Rate
$27.00 /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%
$468,600
Cap Rate 7%
$334,714
Cap Rate 9%
$260,333
Alternative Uses
Best Use
Specialty Retail
$334.7K
$292.9K – $390.5K
NOI $23,430 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 43128, OH
2,267
Population
954
Households
2.4
Avg Household Size
41
Median Age
9%
College-Educated
92%
High-School Grad
48.6 sq mi
ZIP Area
47
Density / Sq Mi
$45,515
Median Household Income
$35,437
Median Earnings
$688
Median Rent
$139,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Newly constructed drive-through restaurant building on an Urban Commercial zoned site at a State Route 71/41 intersection.
Where is this drive through restaurant located?
The property is located at 10260 Carr Road Nw Jeffersonville Jeffersonville, OH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1.2‑acre Urban Commercial zoned site with a newly constructed drive‑through restaurant building.; Located at the highly traveled intersection of State Route 71 and State Route 41 in Jeffersonville, OH.; Groundwork completed; water line bored under road to the building.
