Restaurant Building with Dock
For Sale
Contact for pricing
1620 Vine St, Cincinnati, OH 45202
Restaurant building with in-place hood equipment, single-story layout, partial basement storage, and one dock door.
Property Size2,400 SF
Lot Size0.09 Acres
Price / SF$164.58
Days on Market194
Property Features for 1620 Vine St
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.09 Acres
Property subtype
OFFICE
Zoning
CC-P-T
Additional Details
Dock-High Doors
1
Commercial Hood
Yes
Building Details
Year Built
1940
Stories
1
Construction
block construction
Listing Agency:
CBRE | Cincinnati
(513) 369-1311
Listed By:
John Schenk
(513) 369-1344
Source:
Moodyscre
Added: Feb 25
Changed: Aug 15
Last Checked: Jul 22 at 5:42PM
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 CBRE | Cincinnati
Investment Insights
Based on property information with market context.
Built in 1940, this block-constructed restaurant facility includes hood equipment in place and well-maintained mechanical systems. The property is single-story with partial basement storage and a mezzanine level, and it features one dock door for deliveries. The membrane roof is noted as part of the maintained building components.
Zoned CC-P-T, the offering totals 2,400 square feet on 0.086 acres. The previous operation is listed as a soup kitchen, and the building’s commercial kitchen infrastructure is already in place for a restaurant or food-service concept that can utilize the existing hood system.
As presented, the site includes a docked delivery configuration and dedicated kitchen equipment components, supported by the documented roof and mechanical maintenance.
Zoned CC-P-T, the offering totals 2,400 square feet on 0.086 acres. The previous operation is listed as a soup kitchen, and the building’s commercial kitchen infrastructure is already in place for a restaurant or food-service concept that can utilize the existing hood system.
As presented, the site includes a docked delivery configuration and dedicated kitchen equipment components, supported by the documented roof and mechanical maintenance.
Key Highlights
- Built in 1940 restaurant building with single‑story layout
- 2,400 SF on 0.086 acres (block construction)
- In‑place hood equipment and membrane roof
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
$32,141
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
8.14%
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%
$642,820
$642.8K
Cap Rate 7%
$459,157
$459.2K
Cap Rate 9%
$357,122
$357.1K
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
$46.1K $19.20/SF
− Vacancy
−$3.2K −$1.34/SF
EGI
$42.9K $17.86/SF
− OpEx
−$10.7K −$4.46/SF
NOI
$32.1K $13.39/SF
Area
Cincinnati, OH
Vacancy
7.00%
Lease Rate
$19.20 /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%
$642,820
Cap Rate 7%
$459,157
Cap Rate 9%
$357,122
Alternative Uses
Best Use
Specialty Retail
$459.2K
$401.8K – $535.7K
NOI $32,141 @ 7.0% cap · market cap 8.14%
Second Best
Industrial
$167.8K
$146.9K – $195.8K
NOI $11,749 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$477.1K
$417.5K – $556.6K
NOI $33,396 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
3,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 45202, OH
16,883
Population
11,432
Households
1.5
Avg Household Size
34
Median Age
63%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
6,253
Density / Sq Mi
$87,930
Median Household Income
$63,901
Median Earnings
$1,524
Median Rent
$444,000
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial kitchen - Restaurant building with in-place hood equipment, single-story layout, partial basement storage, and one dock door.
Where is this commercial kitchen located?
The property is located at 1620 Vine St Cincinnati, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Built in 1940 restaurant building with single‑story layout; 2,400 SF on 0.086 acres (block construction); In‑place hood equipment and membrane roof
