Restaurant Property on
For Sale
$500,000
17408 SR 45, Wellsville, OH 43968
Restaurant property for sale off State Route 45, positioned for drive-by visibility and easy vehicular access.
Property Size3,136 SF
Days on Market183
Property Features for 17408 SR 45
General Information
Standard status
Active
Size
3,136 SF
Taxes and HOA fees
Annual Taxes
$1,615
Amenities
Central Air
Forced Air, Oil
Building Details
Building Size
3,136 SF
Year Built
1950
Buildings
2
Listing Agency:
Cedar One Realty
(330) 383-5097
Listed By:
Joyce A Mays · License #2001003416
(330) 383-5097
Source:
Evrealestate
Added: Feb 10
Changed: Aug 11
Last Checked: Aug 12 at 5:29AM
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 Cedar One Realty
Investment Insights
Based on property information with market context.
This offering is a for-sale restaurant property located at 17408 SR 45. The information provided does not describe interior layout, seating capacity, or specific building improvements, so prospective buyers should plan to review the property details during their due diligence.
The site is in Columbiana County, Ohio, in Wellsville, and access is described via St Rt 7 to St Rt 45. As a highway-positioned restaurant property, it can support operators seeking a straightforward road-adjacent presence.
For buyers or restaurant operators, this asset may fit a range of foodservice concepts that require a dedicated restaurant site with practical access along SR 45. Because the available details are limited to the property type and location/access notes, evaluating the current condition, utilities, and any restaurant-specific infrastructure would be important for confirming operator fit.
The site is in Columbiana County, Ohio, in Wellsville, and access is described via St Rt 7 to St Rt 45. As a highway-positioned restaurant property, it can support operators seeking a straightforward road-adjacent presence.
For buyers or restaurant operators, this asset may fit a range of foodservice concepts that require a dedicated restaurant site with practical access along SR 45. Because the available details are limited to the property type and location/access notes, evaluating the current condition, utilities, and any restaurant-specific infrastructure would be important for confirming operator fit.
Key Highlights
- Restaurant property for sale off State Route 45 in Columbiana County
- Central Air cooling
- Forced air, oil heating
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
$40,854
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
8.17%
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%
$817,080
$817.1K
Cap Rate 7%
$583,629
$583.6K
Cap Rate 9%
$453,933
$453.9K
Market Conditions
NOI Build-Up for 3,136 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
$56.4K $18.00/SF
− Vacancy
−$2.0K −$0.63/SF
EGI
$54.5K $17.37/SF
− OpEx
−$13.6K −$4.34/SF
NOI
$40.9K $13.03/SF
Area
Columbiana County, OH
Vacancy
3.50%
Lease Rate
$18.00 /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%
$817,080
Cap Rate 7%
$583,629
Cap Rate 9%
$453,933
Alternative Uses
Best Use
Specialty Retail
$583.6K
$510.7K – $680.9K
NOI $40,854 @ 7.0% cap · market cap 8.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.65M
$2.32M – $3.09M
NOI $185,430 @ 7.0% cap · market cap 37.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
37k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 33%
Groceries 18%
McDonald's
Dining
12,143 visits/mo
0.2 miles
Dollar General
Shops & Services
6,869 visits/mo
0.3 miles
Save-A-Lot
Groceries
6,622 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,926 visits/mo
0.3 miles
BP
Shops & Services
3,511 visits/mo
0.3 miles
Demographics for 43968, OH
6,546
Population
3,184
Households
2.1
Avg Household Size
45
Median Age
12%
College-Educated
91%
High-School Grad
33.9 sq mi
ZIP Area
193
Density / Sq Mi
$62,172
Median Household Income
$40,675
Median Earnings
$784
Median Rent
$96,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property for sale off State Route 45, positioned for drive-by visibility and easy vehicular access.
Where is this conventional restaurant located?
The property is located at 17408 SR 45 Wellsville, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Restaurant property for sale off State Route 45 in Columbiana County; Central Air cooling; Forced air, oil heating
