Freestanding Restaurant with
New
For Sale
$999,999
60 S Broad St, Fairborn, OH 45324
Signalized corner positioning provides direct access for customers and supports a visible restaurant operation.
Property Size2,889 SF
Price / SF$346.14
Days on Market2
Property Features for 60 S Broad St
General Information
Standard status
Active
Size
2,889 SF
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Building Details
Year Built
2017
Buildings
1
Listing Agency:
NavX Realty, LLC
Listed By:
Simranjit Singh · License #2023003171
(513) 900-2000
Source:
Finn-team
Added: Sep 6
Last Checked: Sep 7 at 11:25AM
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 NavX Realty, LLC
Investment Insights
Based on property information with market context.
This freestanding restaurant property at 60 S Broad St in Fairborn, Ohio, contains approximately 2,889 square feet and includes a dual drive-through configuration. The building is suited to restaurant operations and can also accommodate retail or other commercial concepts. On-site parking is available.
The property occupies a signalized corner with access to major area destinations, including Wright-Patterson Air Force Base and Wright State University. Nearby national retailers and restaurants contribute to an established commercial setting. The existing property information identifies the operation as Desi Diner American Indian Restaurant, offering American and Indian cuisine.
The property occupies a signalized corner with access to major area destinations, including Wright-Patterson Air Force Base and Wright State University. Nearby national retailers and restaurants contribute to an established commercial setting. The existing property information identifies the operation as Desi Diner American Indian Restaurant, offering American and Indian cuisine.
Key Highlights
- Approximately 2,889‑square‑foot freestanding restaurant building
- Dual drive‑through configuration
- Signalized corner at 60 S Broad St, Fairborn, OH 45324
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
$32,348
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
3.23%
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%
$646,960
$647.0K
Cap Rate 7%
$462,114
$462.1K
Cap Rate 9%
$359,422
$359.4K
Market Conditions
NOI Build-Up for 2,889 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
$45.1K $15.60/SF
− Vacancy
−$1.9K −$0.67/SF
EGI
$43.1K $14.93/SF
− OpEx
−$10.8K −$3.73/SF
NOI
$32.3K $11.20/SF
Area
Greene County, OH
Vacancy
4.30%
Lease Rate
$15.60 /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%
$646,960
Cap Rate 7%
$462,114
Cap Rate 9%
$359,422
Alternative Uses
Best Use
Specialty Retail
$462.1K
$404.4K – $539.1K
NOI $32,348 @ 7.0% cap · market cap 3.23%
Second Best
Retail
$389.4K
$340.7K – $454.3K
NOI $27,257 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office B
$543.2K
$475.3K – $633.8K
NOI $38,025 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 21%
Beauty & Spa 7%
Home Improvements & Furnishings 5%
Shell
Shops & Services
6,650 visits/mo
0.4 miles
U.S. Bank
Shops & Services
2,371 visits/mo
0.4 miles
SUBWAY
Dining
2,110 visits/mo
0.5 miles
Papa John's Pizza
Dining
1,184 visits/mo
0.4 miles
LA Tan
Beauty & Spa
997 visits/mo
0.4 miles
Demographics for 45324, OH
40,449
Population
19,729
Households
2.1
Avg Household Size
34
Median Age
30%
College-Educated
92%
High-School Grad
33.1 sq mi
ZIP Area
1,222
Density / Sq Mi
$59,861
Median Household Income
$37,348
Median Earnings
$989
Median Rent
$177,700
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 - Signalized corner positioning provides direct access for customers and supports a visible restaurant operation.
Where is this conventional restaurant located?
The property is located at 60 S Broad St Fairborn, OH.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Approximately 2,889‑square‑foot freestanding restaurant building; Dual drive‑through configuration; Signalized corner at 60 S Broad St, Fairborn, OH 45324
