Remodeled Restaurant Building with
For Sale
$425,000
5320 Dillon Hills Drive Nashport, Nashport, OH 43830
Remodeled restaurant building with commercial kitchen, two bathrooms, ample parking, and a manager’s quarters on a 2-acre site.
Property Size3,044 SF
Lot Size2.00 Acres
Price / SF$139.62
Days on Market56
Property Features for 5320 Dillon Hills Drive Nashport
General Information
Standard status
Active
Size
3,044 SF
Lot size
2.00 Acres
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Commercial Hood
Yes
Taxes and HOA fees
Annual Taxes
$2,954
Amenities
No
Public
2.0
3044.0
Building Details
Building Size
3,044 SF
Year Built
1969
Stories
1
Listing Agency:
Coldwell Banker Realty
(614) 660-5959
Listed By:
Brian McLaughlin
(614) 660-5959
Source:
Movenowohio
Added: Jun 30
Changed: Aug 23
Last Checked: Aug 24 at 3:10AM
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.
This remodeled commercial restaurant property features significant interior and exterior updates, including a new metal roof, siding, gutters, flooring, drywall, lighting, front windows, and a new front door. The commercial kitchen is equipped with stainless steel prep tables, a 3-bay commercial sink, two individual wash sinks, a fire suppression hood system, and a commercial refrigerator. The building also includes two separate bathrooms and a studio apartment/manager’s quarters that could be finished to your preference.
Set on 2 acres near Dillon State Park and the Dillon Lake area, the property is located close to a heavily used campground with over 200 campsites. Visitors come to the area from Memorial Day through Labor Day and beyond, supported by the campground’s ongoing activity.
Additional on-site features include public water, a private septic system that was pumped in spring 2026, a tandem furnace unit, and two sheds for storage. The property has previously hosted parties, showers, meetings, and special events, reflecting its flexible use as a commercial venue.
Set on 2 acres near Dillon State Park and the Dillon Lake area, the property is located close to a heavily used campground with over 200 campsites. Visitors come to the area from Memorial Day through Labor Day and beyond, supported by the campground’s ongoing activity.
Additional on-site features include public water, a private septic system that was pumped in spring 2026, a tandem furnace unit, and two sheds for storage. The property has previously hosted parties, showers, meetings, and special events, reflecting its flexible use as a commercial venue.
Key Highlights
- 2‑acre commercial property near Dillon State Park, Dillon Lake, and a campground with 200+ campsites
- Recently remodeled commercial building with new metal roof, siding, gutters, flooring, drywall, lighting, front windows, and a new front door
- Commercial kitchen includes stainless steel prep tables, 3‑bay commercial sink, 2 wash sinks, fire suppression hood system, and commercial 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
5.69%
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 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$660.7K
$578.1K – $770.8K
NOI $46,247 @ 7.0% cap · market cap 10.88%
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
Balanced
Demand for This Use
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?
Conventional restaurant - Remodeled restaurant building with commercial kitchen, two bathrooms, ample parking, and a manager’s quarters on a 2-acre site.
Where is this conventional restaurant located?
The property is located at 5320 Dillon Hills Drive Nashport Nashport, OH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2‑acre commercial property near Dillon State Park, Dillon Lake, and a campground with 200+ campsites; Recently remodeled commercial building with new metal roof, siding, gutters, flooring, drywall, lighting, front windows, and a new front door; Commercial kitchen includes stainless steel prep tables, 3‑bay commercial sink, 2 wash sinks, fire suppression hood system, and commercial refrigerator
