Remodeled Commercial Kitchen
For Sale
$399,900
5320 Dillon Hills Drive, Nashport, OH 43830
Updated commercial improvements near Dillon State Park include flexible space, parking, public water, and private septic.
Property Size3,044 SF
Lot Size2.00 Acres
Days on Market34
Property Features for 5320 Dillon Hills Drive
General Information
Standard status
Active
Size
3,044 SF
Lot size
2.00 Acres
Property subtype
Commercial
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,954
Building Details
Building Size
3,044 SF
Year Built
1969
Listing Agency:
Coldwell Banker Realty
(740) 819-0160
Listed By:
Jessica Winland
Source:
Honnerlawrealestate
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 25 at 9:18AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1969, the commercial property occupies 2 acres and includes a recently remodeled building with a metal roof, new siding, gutters, flooring, drywall, lighting, front windows, and entry door. The commercial kitchen is equipped with stainless steel preparation tables, a three-bay sink, two individual wash sinks, a fire-suppression hood system, and a commercial refrigerator. The building also offers two separate bathrooms, an unfinished studio apartment or manager’s quarters, two storage sheds, and tandem furnace equipment. Public water, a private septic system pumped in Spring 2026, and ample parking are included.
The property is near Dillon State Park, Dillon Lake, and a campground with over 200 campsites. Its prior use for parties, showers, meetings, and special events supports a range of commercial configurations, including food service, retail, recreation-related operations, and event use.
The property is near Dillon State Park, Dillon Lake, and a campground with over 200 campsites. Its prior use for parties, showers, meetings, and special events supports a range of commercial configurations, including food service, retail, recreation-related operations, and event use.
Key Highlights
- 2‑acre commercial property near Dillon State Park and Dillon Lake
- Recently remodeled building with new roof, siding, flooring, lighting, windows, and front door
- Commercial kitchen with stainless prep tables, three‑bay sink, fire‑suppression hood, and refrigerator
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
$24,196
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
6.05%
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%
$483,920
$483.9K
Cap Rate 7%
$345,657
$345.7K
Cap Rate 9%
$268,844
$268.8K
Market Conditions
NOI Build-Up for 3,044 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
$33.6K $11.04/SF
− Vacancy
−$1.3K −$0.44/SF
EGI
$32.3K $10.60/SF
− OpEx
−$8.1K −$2.65/SF
NOI
$24.2K $7.95/SF
Area
Muskingum County, OH
Vacancy
4.00%
Lease Rate
$11.04 /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%
$483,920
Cap Rate 7%
$345,657
Cap Rate 9%
$268,844
Alternative Uses
Best Use
Specialty Retail
$345.7K
$302.5K – $403.3K
NOI $24,196 @ 7.0% cap · market cap 6.05%
Second Best
Industrial
$268.9K
$235.3K – $313.8K
NOI $18,826 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$660.7K
$578.1K – $770.8K
NOI $46,247 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
3,001 visits/mo
0.5 miles
Demographics for 43830, OH
6,593
Population
2,201
Households
3
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
50.0 sq mi
ZIP Area
132
Density / Sq Mi
$112,684
Median Household Income
$49,672
Median Earnings
$925
Median Rent
$222,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Updated commercial improvements near Dillon State Park include flexible space, parking, public water, and private septic.
Where is this commercial kitchen located?
The property is located at 5320 Dillon Hills Drive Nashport, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2‑acre commercial property near Dillon State Park and Dillon Lake; Recently remodeled building with new roof, siding, flooring, lighting, windows, and front door; Commercial kitchen with stainless prep tables, three‑bay sink, fire‑suppression hood, and refrigerator
