Turnkey Restaurant Redevelopment
For Sale
Contact for pricing
71 5th St SE, Barberton, OH
5,355 SF restaurant/redevelopment site on 0.96 acres for sale/lease.
Property Size5,355 SF
Lot Size0.96 Acres
Price / SF$121.20
Days on Market350
Property Features for 71 5th St SE
General Information
Standard status
Active
Size
5,355 SF
Lot size
0.96 Acres
Property subtype
RETAIL
Properties For Sale
at 71 5th St SE Contact us- Floor
- Bldg
- Size
- 5,355 SF
- Type
- RETAIL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
71 5th Street SE
Turnkey Restaurant / Redevelopment Site for Sale, Lease or Land Lease
Incredible...
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Listing Agency:
Hoff & Leigh
(330) 351-5202
Listed By:
Jeff Davis · License #2001007317
(330) 351-5202
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Aug 8
Last Checked: Aug 9 at 8:47AM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
This property presents an opportunity for purchase, lease, or land lease. It features a 5,355-square-foot building situated on a 0.96-acre site located on heavily traveled 5th St SE (619) in Barberton, OH. The site is conveniently located minutes from a hospital, retail establishments, restaurants, banking facilities, and residential areas. The turnkey restaurant has been recently remodeled and includes furniture, fixtures, and equipment. Constructed in 1972, the building has a newer roof and mechanical systems. The building is adaptable for mixed-use purposes, such as medical or specialty services. The owner would consider a ground lease. The annual real estate taxes are $7,340.
Key Highlights
- Turnkey restaurant opportunity with recent remodel, including furniture, fixtures, and equipment.
- High‑traffic location on heavily traveled 619 (5th St SE) in Barberton, OH.
- Redevelopment potential on a .96 acre site.
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
$33,928
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
5.23%
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%
$678,560
$678.6K
Cap Rate 7%
$484,686
$484.7K
Cap Rate 9%
$376,978
$377.0K
Market Conditions
NOI Build-Up for 5,355 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
$50.1K $9.36/SF
− Vacancy
−$1.7K −$0.31/SF
EGI
$48.5K $9.05/SF
− OpEx
−$14.5K −$2.72/SF
NOI
$33.9K $6.34/SF
Area
Summit County, OH
Vacancy
3.30%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
30.00%
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%
$678,560
Cap Rate 7%
$484,686
Cap Rate 9%
$376,978
Alternative Uses
Best Use
Specialty Retail
$925.4K
$809.8K – $1.08M
NOI $64,780 @ 7.0% cap · market cap 9.98%
Second Best
Retail
$484.7K
$424.1K – $565.5K
NOI $33,928 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,992 @ 7.0% cap · market cap 14.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 38%
Dining 18%
Electronics 4%
Giant Eagle Supermarket
Groceries
36,510 visits/mo
0.3 miles
GetGo Gas Station
Shops & Services
12,086 visits/mo
0.2 miles
Chipotle Mexican Grill
Dining
10,338 visits/mo
0.3 miles
Huntington Bank
Shops & Services
7,706 visits/mo
0.1 miles
Chase Bank
Shops & Services
6,502 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - 5,355 SF restaurant/redevelopment site on 0.96 acres for sale/lease.
Where is this restaurant located?
The property is located at 71 5th St SE Barberton, OH.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity with recent remodel, including furniture, fixtures, and equipment.; High‑traffic location on heavily traveled 619 (5th St SE) in Barberton, OH.; Redevelopment potential on a .96 acre site.
