Bar and Pub with
For Sale
Contact for pricing
1575 Massillon Rd, Akron, OH 44312
C-2-zoned property includes a full basement, equipment package, and outdoor seating.
Property Size2,400 SF
Price / SF$187.08
Days on Market9
Property Features for 1575 Massillon Rd
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Zoning
C-2
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Amenities
recreational area
Building Details
Buildings
1
Listing Agency:
Hoff & Leigh Fairlawn
Listed By:
TJ Hollin · License #OH SAL.2014000295
(330) 940-9360
Source:
Crexi
Added: Aug 30
Changed: Sep 5
Last Checked: Sep 7 at 11:48AM
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 Hoff & Leigh Fairlawn
Investment Insights
Based on property information with market context.
This bar and pub property offers a 2,400 SF building with a full basement, outdoor patio and deck seating, and a recreational area. The sale includes equipment, fixtures, a POS system, coolers, and a liquor license. Recent property improvements include HVAC, roofing, and parking lot work.
The rear portion currently serves as storage and is identified for possible kitchen enlargement or carryout service. The site also provides substantial parking, with room identified for additional spaces or lot expansion. Food and liquor licenses are reported to be active and in good standing. Zoning is C-2.
The rear portion currently serves as storage and is identified for possible kitchen enlargement or carryout service. The site also provides substantial parking, with room identified for additional spaces or lot expansion. Food and liquor licenses are reported to be active and in good standing. Zoning is C-2.
Key Highlights
- 2,400 SF building with full basement
- Outdoor patio and deck seating with recreational area
- Sale includes equipment, fixtures, POS system, coolers, and liquor license
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
$29,033
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
6.47%
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%
$580,660
$580.7K
Cap Rate 7%
$414,757
$414.8K
Cap Rate 9%
$322,589
$322.6K
Market Conditions
NOI Build-Up for 2,400 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
$40.0K $16.68/SF
− Vacancy
−$1.3K −$0.55/SF
EGI
$38.7K $16.13/SF
− OpEx
−$9.7K −$4.03/SF
NOI
$29.0K $12.10/SF
Area
Akron, OH
Vacancy
3.30%
Lease Rate
$16.68 /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%
$580,660
Cap Rate 7%
$414,757
Cap Rate 9%
$322,589
Alternative Uses
Best Use
Specialty Retail
$414.8K
$362.9K – $483.9K
NOI $29,033 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.0K
$515.4K – $687.2K
NOI $41,229 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,264 visits/mo
0.3 miles
Sunoco
Shops & Services
1,491 visits/mo
0.3 miles
Demographics for 44312, OH
30,510
Population
14,299
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
92%
High-School Grad
19.0 sq mi
ZIP Area
1,606
Density / Sq Mi
$64,542
Median Household Income
$41,829
Median Earnings
$994
Median Rent
$142,100
Median Home Value
Market
Vacancy Rate% for Retail in Akron, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Springfield Tavern — 1575 Massillon Rd, Akron, OH 44312
Frequently Asked Questions
What type of property is this?
Bar & Pub - C-2-zoned property includes a full basement, equipment package, and outdoor seating.
Where is this bar & pub located?
The property is located at 1575 Massillon Rd Akron, OH.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,400 SF building with full basement; Outdoor patio and deck seating with recreational area; Sale includes equipment, fixtures, POS system, coolers, and liquor license
