Restaurant with Outdoor
For Sale
Contact for pricing
6112 Montgomery Rd, Cincinnati, OH 45213
Full-service restaurant configuration includes multiple bars, second-floor seating, a basement, and outdoor dining space.
Property Size3,804 SF
Price / SF$393.01
Days on Market201
Property Features for 6112 Montgomery Rd
General Information
Standard status
Active
Size
3,804 SF
Total Parking Spaces
11
Property subtype
RETAIL
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
No
Additional Details
Furnished
Yes
Asking Price
$1,495,000
Road Access
Yes
Listing Agency:
SqFt Commercial
(513) 675-5764
Listed By:
Rod MacEachen · License #SAL.2010001717
(513) 675-5764
Source:
Moodyscre
Added: Feb 10
Changed: Aug 29
Last Checked: Aug 29 at 6:04PM
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 SqFt Commercial
Investment Insights
Based on property information with market context.
This 3,804 SF restaurant property offers a multi-level layout with seating on the second floor, a full basement bar area, and a substantial outdoor patio. The interior includes two full bars, while a separate bar serves the patio. A walk-in cooler and FF&E are included, supporting an established restaurant setup.
The property is positioned on Montgomery Road in Cincinnati’s Pleasant Ridge neighborhood, near Oakley, Rookwood, and Kenwood. On-site parking accommodates approximately 11 vehicles, with additional street parking and an adjacent public lot available nearby. The surrounding Pleasant Ridge business district includes a mix of independent businesses and residential surroundings.
The property is positioned on Montgomery Road in Cincinnati’s Pleasant Ridge neighborhood, near Oakley, Rookwood, and Kenwood. On-site parking accommodates approximately 11 vehicles, with additional street parking and an adjacent public lot available nearby. The surrounding Pleasant Ridge business district includes a mix of independent businesses and residential surroundings.
Key Highlights
- 3,804 SF restaurant property with second‑floor seating, basement bar area, and outdoor patio
- Two full interior bars plus a separate outdoor bar
- Walk‑in cooler and FF&E included in the sale
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
$50,943
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
3.41%
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%
$1,018,860
$1.0M
Cap Rate 7%
$727,757
$727.8K
Cap Rate 9%
$566,033
$566.0K
Market Conditions
NOI Build-Up for 3,804 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
$73.0K $19.20/SF
− Vacancy
−$5.1K −$1.34/SF
EGI
$67.9K $17.86/SF
− OpEx
−$17.0K −$4.46/SF
NOI
$50.9K $13.39/SF
Area
Cincinnati, OH
Vacancy
7.00%
Lease Rate
$19.20 /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%
$1,018,860
Cap Rate 7%
$727,757
Cap Rate 9%
$566,033
Alternative Uses
Best Use
Specialty Retail
$727.8K
$636.8K – $849.1K
NOI $50,943 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$756.2K
$661.7K – $882.2K
NOI $52,933 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45213, OH
12,052
Population
5,844
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
94%
High-School Grad
3.1 sq mi
ZIP Area
3,888
Density / Sq Mi
$70,897
Median Household Income
$54,650
Median Earnings
$929
Median Rent
$259,300
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Full-service restaurant configuration includes multiple bars, second-floor seating, a basement, and outdoor dining space.
Where is this conventional restaurant located?
The property is located at 6112 Montgomery Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3,804 SF restaurant property with second‑floor seating, basement bar area, and outdoor patio; Two full interior bars plus a separate outdoor bar; Walk‑in cooler and FF&E included in the sale
