Building Details

Building Size 1,732 SF

Year Built 1942

Stories 1

Listing Agency: Show Phone

Listed By: Patrick Lucey

Source: Karenullomrealty

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 4:17PM

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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 Patrick Lucey

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Operating as the Wagon Wheel Tavern, this commercial property was built in 1942 and includes a fully enclosed outdoor gathering space. The exterior has charcoal-colored finishes, blue entrance doors, and updated gutters. Outdoor amenities include café lighting, picnic tables, a covered smoker and grill station, hanging planters, and a storage shed. The fenced area can accommodate dining and events.

The property occupies a corner lot with access from multiple directions. Street signage, frontage, and off-street parking serve the business. The existing tavern operation may continue, or the building can be adapted for another commercial concept.

Key Highlights

• Currently operating as the Wagon Wheel Tavern
• Built in 1942
• Fenced outdoor area with picnic tables, café lighting, and a covered smoker and grill station

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,667

Cap Rate

7.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$373,340 $373.3K

Cap Rate 7%

$266,671 $266.7K

Cap Rate 9%

$207,411 $207.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,732 SF

Gross rent

$26.0K $15.00/SF

− Vacancy

−$1.1K −$0.63/SF

EGI

$24.9K $14.37/SF

− OpEx

−$6.2K −$3.59/SF

NOI

$18.7K $10.78/SF

Area

Trumbull County, OH

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$373,340

Cap Rate 7%

$266,671

Cap Rate 9%

$207,411

Alternative Uses

Best Use

Specialty Retail

$266.7K

$233.3K – $311.1K (±1% cap)

NOI $18,667 @ 7.0% cap · market cap 7.04%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$328.7K

$287.7K – $383.5K (±1% cap)

NOI $23,012 @ 7.0% cap · market cap 8.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

The Wagon Wheel Tavern Bar & Pub

Suggested Use

Top Pick Restaurant Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Hair Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 44430, OH

4,723

Population

1,297

Households

3.6

Avg Household Size

40

Median Age

5%

College-Educated

83%

High-School Grad

13.0 sq mi

ZIP Area

363

Density / Sq Mi

$57,500

Median Household Income

$14,853

Median Earnings

$671

Median Rent

$111,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar Off Market Nearby

• The Wagon Wheel Tavern — 46 S Leavitt Rd, Leavittsburg, OH 44430

Frequently Asked Questions

What type of property is this?

Bar & Pub - A corner-site business includes a dedicated outdoor area for dining and gatherings.

Where is this bar & pub located?

The property is located at 46 S Leavitt Road Leavittsburg, OH.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: Currently operating as the Wagon Wheel Tavern; Built in 1942; Fenced outdoor area with picnic tables, café lighting, and a covered smoker and grill station