Restaurant and Bar
For Sale
$229,000
132 W Liberty Street Arlington, Arlington, OH 45814
Former VFW building with a separate banquet room and included bar and commercial kitchen equipment.
Property Size5,000 SF
Price / SF$45.80
Days on Market51
Property Features for 132 W Liberty Street Arlington
General Information
Standard status
Active
Size
5,000 SF
Taxes and HOA fees
Annual Taxes
$1,476
Amenities
No
Public
0.2
5000.0
Building Details
Building Size
5,000 SF
Year Built
1946
Stories
1
Listing Agency:
(614) 660-5959
Listed By:
Joe Herban
(614) 660-5959
Source:
Movenowohio
Added: Jul 2
Changed: Aug 11
Last Checked: Aug 11 at 10:31AM
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 Joe Herban
Investment Insights
Based on property information with market context.
This commercial building in Arlington was previously used as a VFW and is offered for sale with its current bar and kitchen equipment package. The included amenities comprise a pizza oven, two fryers, a freezer, a convection oven, and a four-burner range. It also comes with all bar and beer equipment, along with the table and chairs in the bar area.
The property includes a separate banquet room. There are video/audio cameras on-site, but the remarks state they do not work and will need replacement. Utilities are on; however, the water is off for winter precautions.
A D5 license is described as pending. The building also offers potential to add an overhead door, per the available remarks.
The property includes a separate banquet room. There are video/audio cameras on-site, but the remarks state they do not work and will need replacement. Utilities are on; however, the water is off for winter precautions.
A D5 license is described as pending. The building also offers potential to add an overhead door, per the available remarks.
Key Highlights
- Former VFW commercial building in Arlington, built in 1946
- Separate banquet room plus bar and commercial kitchen area
- Included bar equipment: all beer and bar equipment, plus table and chairs
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
$20,546
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
8.97%
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%
$410,920
$410.9K
Cap Rate 7%
$293,514
$293.5K
Cap Rate 9%
$228,289
$228.3K
Market Conditions
NOI Build-Up for 5,000 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
$32.1K $6.41/SF
− Vacancy
−$2.7K −$0.54/SF
EGI
$29.4K $5.87/SF
− OpEx
−$8.8K −$1.76/SF
NOI
$20.5K $4.11/SF
Area
Hancock County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
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%
$410,920
Cap Rate 7%
$293,514
Cap Rate 9%
$228,289
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.63M
NOI $97,625 @ 7.0% cap · market cap 42.63%
Second Best
Industrial
$293.5K
$256.8K – $342.4K
NOI $20,546 @ 7.0% cap · market cap 8.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Marathon Petroleum
Shops & Services
5,632 visits/mo
0.1 miles
Dollar General
Shops & Services
5,116 visits/mo
0.3 miles
Huntington Bank
Shops & Services
1,338 visits/mo
0.1 miles
Demographics for 45814, OH
2,646
Population
1,151
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
94%
High-School Grad
35.8 sq mi
ZIP Area
74
Density / Sq Mi
$86,477
Median Household Income
$45,735
Median Earnings
$673
Median Rent
$207,100
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.
Similar Off Market Nearby
- Curly's Bar & Banquet Hall — 132 W Liberty St, Arlington, OH 45814
- Jac & Do's of Arlington — 635 N Main St, Arlington, OH 45814
Frequently Asked Questions
What type of property is this?
Bar & Pub - Former VFW building with a separate banquet room and included bar and commercial kitchen equipment.
Where is this bar & pub located?
The property is located at 132 W Liberty Street Arlington Arlington, OH.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Former VFW commercial building in Arlington, built in 1946; Separate banquet room plus bar and commercial kitchen area; Included bar equipment: all beer and bar equipment, plus table and chairs
