Building Details

Year Built 1960

Listing Agency: LPT Realty s***@gmail.com Show Phone

Listed By: Sasha Keevert · License #2022004068

Source: Theacclaimedrealty

Added: Aug 8 Changed: Aug 30 Last Checked: Aug 25 at 5:36AM

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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 = 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

$25,832

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

7.08%

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%

$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 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

$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 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%

$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.

Property Analytics

Property Profile

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

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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?

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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