Equipped Corner
For Sale
$385,000
2160 East Ave, Akron, OH 44314
Restaurant property with commercial kitchen equipment, customer parking, signage, and drive-thru capability.
Property Size1,920 SF
Days on Market29
Property Features for 2160 East Ave
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Retail
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Pylon Signage
Yes
Building Details
Building Size
1,920 SF
Year Built
1987
Listing Agency:
Sperry Commercial -The Masica Company
(330) 606-9459
Listed By:
Patrick Craig · License #OH #SAL.2023006201
(330) 606-9459
Source:
Themasicacompany
Added: Aug 2
Changed: Aug 30
Last Checked: Aug 25 at 5:53AM
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 Sperry Commercial -The Masica Company
Investment Insights
Based on property information with market context.
This restaurant property at 2160 East Ave includes substantially all furniture, fixtures, and equipment associated with the existing operation. The building dates to 1987 and features a commercial kitchen with pizza ovens, hood systems, refrigeration, preparation equipment, and stainless-steel work areas. Its functional configuration supports dine-in service, carryout, catering, and drive-thru operations.
The building occupies a visible corner position along the East Avenue corridor in Akron, with a large paved parking area and both monument and building signage. The property is within the Kenmore neighborhood and offers access to Highland Square, Wallhaven, Mud Run Golf Course, Good Park Golf Course, and the Amazon fulfillment corridor.
The existing improvements provide a restaurant-ready physical setup for continued food-service use, with equipment and site features already in place for customer-facing operations.
The building occupies a visible corner position along the East Avenue corridor in Akron, with a large paved parking area and both monument and building signage. The property is within the Kenmore neighborhood and offers access to Highland Square, Wallhaven, Mud Run Golf Course, Good Park Golf Course, and the Amazon fulfillment corridor.
The existing improvements provide a restaurant-ready physical setup for continued food-service use, with equipment and site features already in place for customer-facing operations.
Key Highlights
- Substantially all furniture, fixtures, and equipment included
- Commercial kitchen with pizza ovens, hood systems, refrigeration, and stainless work areas
- Layout supports dine‑in, carryout, catering, and drive‑thru service
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
$23,227
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
6.03%
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%
$464,540
$464.5K
Cap Rate 7%
$331,814
$331.8K
Cap Rate 9%
$258,078
$258.1K
Market Conditions
NOI Build-Up for 1,920 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
$32.0K $16.68/SF
− Vacancy
−$1.1K −$0.55/SF
EGI
$31.0K $16.13/SF
− OpEx
−$7.7K −$4.03/SF
NOI
$23.2K $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%
$464,540
Cap Rate 7%
$331,814
Cap Rate 9%
$258,078
Alternative Uses
Best Use
Specialty Retail
$331.8K
$290.3K – $387.1K
NOI $23,227 @ 7.0% cap · market cap 6.03%
Second Best
Industrial
$127.9K
$111.9K – $149.2K
NOI $8,954 @ 7.0% cap · market cap 2.33%
Theoretical Best
Office A
$471.2K
$412.3K – $549.7K
NOI $32,983 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 71%
Dining 14%
Shops & Services 13%
Electronics 2%
Acme Fresh Market
Groceries
18,903 visits/mo
0.1 miles
Little Caesars Pizza
Dining
3,739 visits/mo
0.3 miles
Marathon
Shops & Services
2,817 visits/mo
0.1 miles
Fisher Auto Parts
Shops & Services
605 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
507 visits/mo
0.1 miles
Demographics for 44314, OH
17,686
Population
9,085
Households
1.9
Avg Household Size
39
Median Age
12%
College-Educated
87%
High-School Grad
4.4 sq mi
ZIP Area
4,020
Density / Sq Mi
$47,358
Median Household Income
$31,481
Median Earnings
$924
Median Rent
$83,000
Median Home Value
Market
Vacancy Rate% for Retail in Akron, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with commercial kitchen equipment, customer parking, signage, and drive-thru capability.
Where is this conventional restaurant located?
The property is located at 2160 East Ave Akron, OH.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Substantially all furniture, fixtures, and equipment included; Commercial kitchen with pizza ovens, hood systems, refrigeration, and stainless work areas; Layout supports dine‑in, carryout, catering, and drive‑thru service
