Building Details

Year Built 1900

Year Renovated 2021

Listing Agency: Coldwell Banker Commercial Heritage Show Phone

Listed By: Patrick Williams · License #OH

Source: Crexi

Added: Mar 14 Changed: Aug 7 Last Checked: Aug 20 at 7:58PM

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Investment Insights

Based on property information with market context.

This is a turn-key, family-owned restaurant, bar, gaming, and mixed-use real estate opportunity, including the business, inventory, fixtures, and equipment. The property features an established neighborhood bar and grille with an outdoor seating area and a rear storage/walk-in building. Additional revenue is generated from two upper apartments. The property size is 7124 square feet. Sales reporting for 2025 shows over $1.2M in sales with strong collected revenue. This presents an opportunity for an owner-operator or investor seeking a hospitality asset with multiple income streams.

Key Highlights

• Established turn‑key restaurant, bar, gaming, and mixed‑use real estate opportunity.
• Proven hospitality asset with over $1.2M in 2025 sales.
• Multiple income streams from restaurant/bar and two upper apartments.

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

$79,767

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

7.98%

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%

$1,595,340 $1.6M

Cap Rate 7%

$1,139,529 $1.1M

Cap Rate 9%

$886,300 $886.3K

Market Conditions

NOI Build-Up for 7,124 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

$111.1K $15.60/SF

− Vacancy

−$4.8K −$0.67/SF

EGI

$106.4K $14.93/SF

− OpEx

−$26.6K −$3.73/SF

NOI

$79.8K $11.20/SF

Area

Greene County, OH

Vacancy

4.30%

Lease Rate

$15.60 /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%

$1,595,340

Cap Rate 7%

$1,139,529

Cap Rate 9%

$886,300

Alternative Uses

Best Use

Specialty Retail

$1.14M

$997.1K – $1.33M (±1% cap)

NOI $79,767 @ 7.0% cap · market cap 7.98%

Second Best

—

—

no second resolved use

Theoretical Best

Office B

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,765 @ 7.0% cap · market cap 9.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

OVM Gutter Services Hardware & Home Improvement Slim's Neighborhood Bar ... Bar & Pub

Suggested Use

Top Pick HVAC Service Auto Repair Shop Storage Facility (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 45370, OH

2,379

Population

1,009

Households

2.4

Avg Household Size

48

Median Age

41%

College-Educated

94%

High-School Grad

16.7 sq mi

ZIP Area

142

Density / Sq Mi

$105,625

Median Household Income

$48,914

Median Earnings

$937

Median Rent

$318,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Slim's Neighborhood Bar & Grille — 13 Main St, Spring Valley, OH 45370

Frequently Asked Questions

What type of property is this?

Bar & Pub - Established bar and grille with additional income from apartments.

Where is this bar & pub located?

The property is located at 13 W Main St Spring Valley, OH.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Established turn‑key restaurant, bar, gaming, and mixed‑use real estate opportunity.; Proven hospitality asset with over $1.2M in 2025 sales.; Multiple income streams from restaurant/bar and two upper apartments.