Skyline Chili Drive-Through
For Sale
$850,000
2511 E Sharon Rd, Cincinnati, OH 45241
Freestanding quick-service facility with purpose-built kitchen, dining area, parking, and drive-up access.
Property Size2,992 SF
Lot Size0.93 Acres
Days on Market97
Property Features for 2511 E Sharon Rd
General Information
Standard status
Active
Size
2,992 SF
Lot size
0.93 Acres
Property subtype
Street Retail
Additional Details
Road Access
Yes
Building Details
Building Size
2,992 SF
Buildings
1
Tenancy
Single
Listing Agency:
Lee & Associates
(513) 535-0563
Listed By:
TC Bartoszek · License ##SAL.2014000103
(513) 535-0563
Source:
Thebrokerlist
Added: May 28
Changed: Aug 31
Last Checked: Aug 31 at 12:34PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This freestanding Skyline Chili restaurant occupies a 0.93-acre parcel and is configured for quick-service dining. The property includes a purpose-built kitchen, dining area, dedicated parking, and vehicle circulation supporting drive-up and dine-in service. Exterior signage and canopy elements identify the established restaurant concept from the site.
Located at 2511 E Sharon Rd in Cincinnati, the property has frontage on East Sharon Road within Hamilton County. The facility is described as a corporate-guaranteed Skyline Chili restaurant and includes site infrastructure aligned with franchise operating standards.
Located at 2511 E Sharon Rd in Cincinnati, the property has frontage on East Sharon Road within Hamilton County. The facility is described as a corporate-guaranteed Skyline Chili restaurant and includes site infrastructure aligned with franchise operating standards.
Key Highlights
- 0.93‑acre freestanding restaurant parcel in Hamilton County
- Corporate‑guaranteed Skyline Chili restaurant
- Purpose‑built kitchen and dining configuration
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
$40,069
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
4.71%
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%
$801,380
$801.4K
Cap Rate 7%
$572,414
$572.4K
Cap Rate 9%
$445,211
$445.2K
Market Conditions
NOI Build-Up for 2,992 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
$57.4K $19.20/SF
− Vacancy
−$4.0K −$1.34/SF
EGI
$53.4K $17.86/SF
− OpEx
−$13.4K −$4.46/SF
NOI
$40.1K $13.39/SF
Area
Cincinnati, OH
Vacancy
7.00%
Lease Rate
$19.20 /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%
$801,380
Cap Rate 7%
$572,414
Cap Rate 9%
$445,211
Alternative Uses
Best Use
Specialty Retail
$572.4K
$500.9K – $667.8K
NOI $40,069 @ 7.0% cap · market cap 4.71%
Second Best
Retail
$492.8K
$431.2K – $574.9K
NOI $34,495 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$594.8K
$520.4K – $693.9K
NOI $41,634 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 45241, OH
24,380
Population
11,131
Households
2.2
Avg Household Size
44
Median Age
48%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,393
Density / Sq Mi
$94,943
Median Household Income
$60,857
Median Earnings
$1,137
Median Rent
$292,000
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding quick-service facility with purpose-built kitchen, dining area, parking, and drive-up access.
Where is this drive through restaurant located?
The property is located at 2511 E Sharon Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 0.93‑acre freestanding restaurant parcel in Hamilton County; Corporate‑guaranteed Skyline Chili restaurant; Purpose‑built kitchen and dining configuration
