Turnkey Restaurant With Built-In
For Sale
Contact for pricing
6475 Glenway Ave, Cincinnati, OH 45248
Fully built-out restaurant with renovated kitchen equipment completed in 2019 and turn-key operational setup.
Property Size4,156 SF
Price / SF$372.95
Days on Market404
Property Features for 6475 Glenway Ave
General Information
Standard status
Active
Size
4,156 SF
Total Parking Spaces
35
Property subtype
Retail
Additional Details
Business Included
Yes
Building Details
Year Renovated
2019
Listing Agency:
Midland Retail
Listed By:
Todd Vollmer · License #OH SAL.2002021641
(513) 891-2526
Source:
Crexi
Added: Jul 29, 2025
Changed: Aug 25
Last Checked: Sep 4 at 8:16AM
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 Midland Retail
Investment Insights
Based on property information with market context.
This fully built-out, turnkey restaurant is presented as ready for immediate operation, with an in-place commercial kitchen. Major renovations were completed in 2019, including new kitchen equipment, supporting a smooth transition for an owner-operator or investor looking to begin with existing restaurant infrastructure.
The property is located at 6475 Glenway Ave in Cincinnati, OH 45248, and the site is marketed as being in a high-traffic, well-established Western Hills/Bridgetown North area.
With approximately 4,156 square feet of restaurant space, the offering is positioned as a complete, operationally oriented use rather than a raw shell.
The property is located at 6475 Glenway Ave in Cincinnati, OH 45248, and the site is marketed as being in a high-traffic, well-established Western Hills/Bridgetown North area.
With approximately 4,156 square feet of restaurant space, the offering is positioned as a complete, operationally oriented use rather than a raw shell.
Key Highlights
- Fully built‑out restaurant space with a turnkey operational setup
- Major renovations completed in 2019, including new kitchen equipment
- Restaurant location in the Western Hills/Bridgetown North neighborhood
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
$55,657
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
3.59%
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%
$1,113,140
$1.1M
Cap Rate 7%
$795,100
$795.1K
Cap Rate 9%
$618,411
$618.4K
Market Conditions
NOI Build-Up for 4,156 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
$79.8K $19.20/SF
− Vacancy
−$5.6K −$1.34/SF
EGI
$74.2K $17.86/SF
− OpEx
−$18.6K −$4.46/SF
NOI
$55.7K $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%
$1,113,140
Cap Rate 7%
$795,100
Cap Rate 9%
$618,411
Alternative Uses
Best Use
Specialty Retail
$795.1K
$695.7K – $927.6K
NOI $55,657 @ 7.0% cap · market cap 3.59%
Second Best
Industrial
$290.7K
$254.3K – $339.1K
NOI $20,346 @ 7.0% cap · market cap 1.31%
Theoretical Best
Office A
$826.2K
$722.9K – $963.9K
NOI $57,831 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
998
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45248, OH
25,181
Population
9,729
Households
2.6
Avg Household Size
41
Median Age
34%
College-Educated
94%
High-School Grad
11.4 sq mi
ZIP Area
2,209
Density / Sq Mi
$81,731
Median Household Income
$49,482
Median Earnings
$1,053
Median Rent
$206,200
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully built-out restaurant with renovated kitchen equipment completed in 2019 and turn-key operational setup.
Where is this conventional restaurant located?
The property is located at 6475 Glenway Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully built‑out restaurant space with a turnkey operational setup; Major renovations completed in 2019, including new kitchen equipment; Restaurant location in the Western Hills/Bridgetown North neighborhood
