Turnkey Cafe, Salon, and
For Sale
Contact for pricing
21 S Broadway, Geneva, OH
Ready-to-open cafe, salon, and spa with high-end finishes.
Property Size8,200 SF
Lot Size1.33 Acres
Price / SF$152.44
Days on Market279
Property Features for 21 S Broadway
General Information
Standard status
Active
Size
8,200 SF
Lot size
1.33 Acres
Property subtype
RETAIL
Listing Agency:
RealtyNet, Inc.
(440) 221-0819
Listed By:
Vic Cizek
Source:
Moodyscre
Added: Nov 17, 2025
Changed: Aug 8
Last Checked: Aug 23 at 12:25PM
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 RealtyNet, Inc.
Investment Insights
Based on property information with market context.
This 8,200 square foot property, formerly a Key Bank main office, has been transformed into The Artisan Cafe, a space offering premium coffee, espresso, lattes, cappuccinos, light breakfast options, fresh flatbread pizzas, soups, salads, and other healthy dishes. The property also includes a salon and spa designed for relaxation and rejuvenation. The redesign utilized top-quality materials and labor. The property is ready to open and includes over 50 parking spaces and outdoor seating possibilities. It is located at 21 S Broadway, Geneva, OH.
Key Highlights
- Fully equipped and ready‑to‑open cafe, salon, and spa business.
- Turnkey business opportunity with diverse revenue streams (cafe, salon, spa).
- High‑quality renovation of a former Key Bank main office.
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
$100,634
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
8.05%
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%
$2,012,680
$2.0M
Cap Rate 7%
$1,437,629
$1.4M
Cap Rate 9%
$1,118,156
$1.1M
Market Conditions
NOI Build-Up for 8,200 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
$147.6K $18.00/SF
− Vacancy
−$3.8K −$0.47/SF
EGI
$143.8K $17.53/SF
− OpEx
−$43.1K −$5.26/SF
NOI
$100.6K $12.27/SF
Area
Ashtabula County, OH
Vacancy
2.60%
Lease Rate
$18.00 /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%
$2,012,680
Cap Rate 7%
$1,437,629
Cap Rate 9%
$1,118,156
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,634 @ 7.0% cap · market cap 8.05%
Second Best
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,719 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,965 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Home Improvements & Furnishings 10%
Dining 4%
Dollar Tree
Shops & Services
9,015 visits/mo
0.5 miles
Circle K
Shops & Services
7,694 visits/mo
0.3 miles
Huntington Bank
Shops & Services
5,840 visits/mo
0.2 miles
Sunoco
Shops & Services
4,049 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
2,965 visits/mo
0.2 miles
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
- Scribblers Coffee Co. — 388 S Broadway, Geneva, OH 44041
Frequently Asked Questions
What type of property is this?
Coffee shop - Ready-to-open cafe, salon, and spa with high-end finishes.
Where is this coffee shop located?
The property is located at 21 S Broadway Geneva, OH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully equipped and ready‑to‑open cafe, salon, and spa business.; Turnkey business opportunity with diverse revenue streams (cafe, salon, spa).; High‑quality renovation of a former Key Bank main office.
