Turn-Key Bar & Restaurant
For Sale
Contact for pricing
2800 Woodburn Ave, Cincinnati, OH 45206
Turn-key former bar and restaurant with a built-out kitchen, restrooms, and ample nearby parking.
Property Size4,196 SF
Price / SF$309.80
Days on Market407
Property Features for 2800 Woodburn Ave
General Information
Standard status
Active
Size
4,196 SF
Property subtype
RETAIL
Listing Agency:
3CRE Advisors, LLC - corporate
(513) 745-9333
Listed By:
Nick Pesola · License ##2024001604
(708) 205-9325
Source:
Moodyscre
Added: Aug 4, 2025
Changed: Sep 12
Last Checked: Sep 14 at 10:07AM
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 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
3CRE is pleased to present a turn-key commercial space at 2800 Woodburn Ave in Cincinnati, OH, formerly operating as a bar and restaurant. The interior is ready for immediate use and includes a fully-built out kitchen and restrooms to support ongoing food and beverage operations.
The property is situated on a high-visibility street in East Walnut Hills, with ample parking lots nearby to support day-to-day access and customer convenience.
This offering provides an operationally flexible setup with core improvements already in place, including kitchen facilities, restrooms, and a layout previously used for bar and restaurant service.
The property is situated on a high-visibility street in East Walnut Hills, with ample parking lots nearby to support day-to-day access and customer convenience.
This offering provides an operationally flexible setup with core improvements already in place, including kitchen facilities, restrooms, and a layout previously used for bar and restaurant service.
Key Highlights
- 2800 Woodburn Avenue commercial space on a high‑visibility street in East Walnut Hills
- Former bar and restaurant layout with a fully built‑out kitchen
- Includes restrooms for guest and staff use
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
$56,193
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
4.32%
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%
$1,123,860
$1.1M
Cap Rate 7%
$802,757
$802.8K
Cap Rate 9%
$624,367
$624.4K
Market Conditions
NOI Build-Up for 4,196 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
$80.6K $19.20/SF
− Vacancy
−$5.6K −$1.34/SF
EGI
$74.9K $17.86/SF
− OpEx
−$18.7K −$4.46/SF
NOI
$56.2K $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%
$1,123,860
Cap Rate 7%
$802,757
Cap Rate 9%
$624,367
Alternative Uses
Best Use
Specialty Retail
$802.8K
$702.4K – $936.6K
NOI $56,193 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$834.1K
$729.8K – $973.1K
NOI $58,387 @ 7.0% cap · market cap 4.49%
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
1,056
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 20%
McDonald's
Dining
20,312 visits/mo
0.4 miles
Skyline Chili
Dining
6,142 visits/mo
0.4 miles
H&R Block
Shops & Services
2,484 visits/mo
0.1 miles
Marathon
Shops & Services
2,369 visits/mo
0.5 miles
Fifth Third Bank & ATM
Shops & Services
1,835 visits/mo
0.5 miles
Demographics for 45206, OH
10,670
Population
7,191
Households
1.5
Avg Household Size
37
Median Age
49%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
5,335
Density / Sq Mi
$51,128
Median Household Income
$44,936
Median Earnings
$849
Median Rent
$269,900
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 Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key former bar and restaurant with a built-out kitchen, restrooms, and ample nearby parking.
Where is this conventional restaurant located?
The property is located at 2800 Woodburn Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 2800 Woodburn Avenue commercial space on a high‑visibility street in East Walnut Hills; Former bar and restaurant layout with a fully built‑out kitchen; Includes restrooms for guest and staff use
