Building Details

Year Built 1960

Listing Agency: LPT Realty

Listed By: Sasha Keevert · License #2022004068 Show Phone

Source: Theacclaimedrealty

Added: Aug 8 Changed: Oct 2 Last Checked: Oct 7 at 5:38PM

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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 LPT Realty

Investment Insights

Based on property information with market context.

This six-parcel commercial property includes a former bar and restaurant facility with a substantial package of operating equipment. Included items are multiple coolers, an oven, salad station, commercial dishwasher, fryers, grills, ice machine, walk-in keg cooler, POS system, and security cameras. The lower level contains a private office and a 1 bedroom apartment.

The property also includes 4 RV sites with full hookups, along with additional vacant land across the included parcels. Built in 1960, the asset is located at 52230 State Route 800 in Malaga, Ohio. The existing restaurant improvements, residential component, RV accommodations, and surplus land provide several established physical elements within one offering.

Key Highlights

• Six parcels included in the offering
• Former bar and restaurant with extensive commercial equipment
• Lower level includes a private office and 1 bedroom apartment

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,832

Cap Rate

7.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$516,640 $516.6K

Cap Rate 7%

$369,029 $369.0K

Cap Rate 9%

$287,022 $287.0K

Market Conditions

NOI Build-Up for 3,640 SF

Gross rent

$50.2K $13.80/SF

− Vacancy

−$3.3K −$0.90/SF

EGI

$47.0K $12.90/SF

− OpEx

−$21.1K −$5.81/SF

NOI

$25.8K $7.10/SF

Area

Monroe County, OH

Vacancy

6.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$516,640

Cap Rate 7%

$369,029

Cap Rate 9%

$287,022

Alternative Uses

Best Use

Specialty Retail

$810.4K

$709.1K – $945.5K (±1% cap)

NOI $56,727 @ 7.0% cap · market cap 15.54%

Second Best

Apartment 5plus

$369.0K

$322.9K – $430.5K (±1% cap)

NOI $25,832 @ 7.0% cap · market cap 7.08%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Restaurant Bar & Pub

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

21

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Commercial property includes restaurant equipment, an office, a one-bedroom apartment, and full-hookup RV accommodations.

Where is this conventional restaurant located?

The property is located at 52230 State Route 800 Malaga, OH.

What is the asking price?

The asking price for this property is $365,000.

What are key features of this property?

This property features: Six parcels included in the offering; Former bar and restaurant with extensive commercial equipment; Lower level includes a private office and 1 bedroom apartment