Restaurant with Large
For Sale
Contact for pricing
Pending
234 Wooster Rd N, Barberton, OH 44203
5,430 SF restaurant with a large kitchen, high-ceiling dining, and parking for 75.
Property Size5,430 SF
Lot Size0.88 Acres
Days on Market393
Property Features for 234 Wooster Rd N
General Information
Standard status
Pending
Size
5,430 SF
Total Parking Spaces
75
Lot size
0.88 Acres
Property subtype
RETAIL
Zoning
C-3 & RM30
Listing Agency:
NAI Pleasant Valley - Akron
(330) 535-2661
Listed By:
David Whyte · License #SAL.2018002884
(330) 352-7746
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Sep 2
Last Checked: Sep 10 at 11:50AM
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 NAI Pleasant Valley - Akron
Investment Insights
Based on property information with market context.
This for-sale restaurant offers approximately 5,430 SF of indoor space, including a large kitchen and dining area. The dining space features unique high ceilings, supporting a distinctive guest experience. The property sits on 0.879 acres and includes parking for 75 vehicles.
The restaurant is located at 234 Wooster Rd N in Barberton, Ohio, on a well-trafficked street. Public remarks note it has operated as an Italian restaurant for more than 50 years.
Zoning is listed as C-3 & RM30, which should be reviewed for applicable uses and requirements.
The restaurant is located at 234 Wooster Rd N in Barberton, Ohio, on a well-trafficked street. Public remarks note it has operated as an Italian restaurant for more than 50 years.
Zoning is listed as C-3 & RM30, which should be reviewed for applicable uses and requirements.
Key Highlights
- 5,430 SF restaurant available with a large kitchen and dining area
- Unique high ceilings in the dining area
- Zoned C‑3 & RM30
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
$21,523
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
3.81%
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%
$430,460
$430.5K
Cap Rate 7%
$307,471
$307.5K
Cap Rate 9%
$239,144
$239.1K
Market Conditions
NOI Build-Up for 5,430 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
$31.9K $5.88/SF
− Vacancy
−$1.2K −$0.22/SF
EGI
$30.7K $5.66/SF
− OpEx
−$9.2K −$1.70/SF
NOI
$21.5K $3.96/SF
Area
Summit County, OH
Vacancy
3.70%
Lease Rate
$5.88 /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%
$430,460
Cap Rate 7%
$307,471
Cap Rate 9%
$239,144
Alternative Uses
Best Use
Specialty Retail
$938.4K
$821.1K – $1.09M
NOI $65,688 @ 7.0% cap · market cap 11.63%
Second Best
Industrial
$307.5K
$269.0K – $358.7K
NOI $21,523 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,280 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
112k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 23%
Shops & Services 20%
Superstores 15%
McDonald's
Dining
20,623 visits/mo
0.3 miles
Marc's
Groceries
19,964 visits/mo
0.0 miles
Big Lots
Superstores
17,018 visits/mo
0.1 miles
Taco Bell
Dining
17,010 visits/mo
0.1 miles
Dollar Tree
Shops & Services
13,696 visits/mo
0.0 miles
Demographics for 44203, OH
39,577
Population
18,198
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
91%
High-School Grad
35.0 sq mi
ZIP Area
1,131
Density / Sq Mi
$59,124
Median Household Income
$36,954
Median Earnings
$832
Median Rent
$148,300
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - 5,430 SF restaurant with a large kitchen, high-ceiling dining, and parking for 75.
Where is this conventional restaurant located?
The property is located at 234 Wooster Rd N Barberton, OH.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 5,430 SF restaurant available with a large kitchen and dining area; Unique high ceilings in the dining area; Zoned C‑3 & RM30
