Remodeled Restaurant and Event
For Sale
Contact for pricing
7098 Mahoning Ave, Youngstown, OH 44515
Meticulously remodeled restaurant/event center with a fully equipped kitchen, 20-foot hood system, patio, and full basement storage.
Property Size4,035 SF
Price / SF$140.02
Days on Market273
Property Features for 7098 Mahoning Ave
General Information
Standard status
Active
Size
4,035 SF
Property subtype
RETAIL
Additional Details
Commercial Hood
Yes
Amenities
outdoor patio
full basement for storage
Listing Agency:
Platz Realty Group
(330) 757-4889
Listed By:
Theresa Morse · License #SAL.2022004714
(330) 518-6082
Source:
Moodyscre
Added: Dec 9, 2025
Changed: Aug 16
Last Checked: Jul 22 at 10:14PM
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 Platz Realty Group
Investment Insights
Based on property information with market context.
This meticulously remodeled restaurant and event center offers an updated interior built for food service and event use. The property includes a fully equipped kitchen with a 20-foot hood system, along with an outdoor patio that overlooks a park-like setting.
A full basement provides additional storage space, supporting day-to-day operations. The offering also includes a D-1 + D-6 liquor license.
The space is delivered with the key restaurant infrastructure noted in the listing, including kitchen equipment and hood ventilation, making it suitable for a restaurant operator looking for a ready-to-run facility.
A full basement provides additional storage space, supporting day-to-day operations. The offering also includes a D-1 + D-6 liquor license.
The space is delivered with the key restaurant infrastructure noted in the listing, including kitchen equipment and hood ventilation, making it suitable for a restaurant operator looking for a ready-to-run facility.
Key Highlights
- Remodeled restaurant/event center with event‑ready spaces
- Fully equipped kitchen includes a 20’ hood system
- Includes D‑1 + D‑6 liquor license
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
$42,679
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
7.55%
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%
$853,580
$853.6K
Cap Rate 7%
$609,700
$609.7K
Cap Rate 9%
$474,211
$474.2K
Market Conditions
NOI Build-Up for 4,035 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
$60.5K $15.00/SF
− Vacancy
−$3.6K −$0.90/SF
EGI
$56.9K $14.10/SF
− OpEx
−$14.2K −$3.53/SF
NOI
$42.7K $10.58/SF
Area
Mahoning County, OH
Vacancy
5.98%
Lease Rate
$15.00 /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%
$853,580
Cap Rate 7%
$609,700
Cap Rate 9%
$474,211
Alternative Uses
Best Use
Specialty Retail
$609.7K
$533.5K – $711.3K
NOI $42,679 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.4K
$666.3K – $888.4K
NOI $53,301 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44515, OH
27,480
Population
13,992
Households
2
Avg Household Size
44
Median Age
21%
College-Educated
94%
High-School Grad
18.5 sq mi
ZIP Area
1,485
Density / Sq Mi
$52,831
Median Household Income
$36,156
Median Earnings
$766
Median Rent
$142,200
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 - Meticulously remodeled restaurant/event center with a fully equipped kitchen, 20-foot hood system, patio, and full basement storage.
Where is this conventional restaurant located?
The property is located at 7098 Mahoning Ave Youngstown, OH.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Remodeled restaurant/event center with event‑ready spaces; Fully equipped kitchen includes a 20’ hood system; Includes D‑1 + D‑6 liquor license
