Restaurant Building with Rear
221 S B Street, Hamilton, OH 45013
For Sale
$350,000
Commercial gas, electrical, and plumbing work is installed, with kitchen and restroom areas roughed in.
Property Size3,016 SF
Price / SF$116.05
Days on Market196
Property Features for 221 S B Street
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
(513) 777-7900
Listed By:
Adam Jones
(513) 266-8798
Source:
Galbraithrealtors
Added: Apr 27
Changed: Nov 7
Last Checked: Nov 7 at 7:31PM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,016-square-foot restaurant property includes a rear addition engineered to support future rooftop dining. Kitchen and restroom areas have been roughed in, and commercial electrical, plumbing, and gas lines are installed and permitted. The building dates to 1859.
At 221 S B Street, the property is in Hamilton’s DORA district near downtown attractions.
At 221 S B Street, the property is in Hamilton’s DORA district near downtown attractions.
Key Highlights
- 3,016‑square‑foot restaurant property
- Commercial electrical, plumbing, and gas lines installed and permitted
- Kitchen and restroom areas roughed in
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,758
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,160
$635.2K
Cap Rate 7%
$453,686
$453.7K
Cap Rate 9%
$352,867
$352.9K
Market Conditions
NOI Build-Up for 3,016 SF
Gross rent
$45.2K $15.00/SF
− Vacancy
−$2.9K −$0.96/SF
EGI
$42.3K $14.04/SF
− OpEx
−$10.6K −$3.51/SF
NOI
$31.8K $10.53/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,160
Cap Rate 7%
$453,686
Cap Rate 9%
$352,867
Alternative Uses
Best Use
Specialty Retail
$453.7K
$397.0K – $529.3K
NOI $31,758 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$596.3K
$521.8K – $695.7K
NOI $41,743 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45013, OH
53,911
Population
21,734
Households
2.5
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
117.7 sq mi
ZIP Area
458
Density / Sq Mi
$72,932
Median Household Income
$40,730
Median Earnings
$967
Median Rent
$217,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial gas, electrical, and plumbing work is installed, with kitchen and restroom areas roughed in.
Where is this conventional restaurant located?
The property is located at 221 S B Street Hamilton, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,016‑square‑foot restaurant property; Commercial electrical, plumbing, and gas lines installed and permitted; Kitchen and restroom areas roughed in
