Restaurant Building with
For Sale
$597,500
787 E Main St, Barnesville, OH 43713
Operating dining venue includes a full-service bar and flexible areas for private events.
Property Size7,162 SF
Price / SF$83.43
Days on Market58
Property Features for 787 E Main St
General Information
Standard status
Active
Size
7,162 SF
Amenities
full service bar
big screen TVs
cameras
Point of Sale feature
Building Details
Year Built
1954
Tenancy
Multi
Listing Agency:
Carol Goff & Associates
(740) 391-4705
Listed By:
Carol Ann Merritt · License #2018003213
Source:
Theacclaimedrealty
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 26 at 8:11AM
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 Carol Goff & Associates
Investment Insights
Based on property information with market context.
Built in 1954, this 7,162-square-foot commercial building combines an operating restaurant with multiple storefront areas. The restaurant includes a full-service bar positioned off the rear dining room, while designated areas can be separated for private dinners or meetings. Two storefronts are leased to established businesses, and an additional storefront area offers further usable space.
Operational features include a point-of-sale system that tracks inventory, sales, and employee time, along with camera functionality. The bar is equipped with four 80-inch televisions and two 27-inch televisions. A dedicated 17,000-square-foot parking lot serves the building and its restaurant, storefront, and event-related uses.
Operational features include a point-of-sale system that tracks inventory, sales, and employee time, along with camera functionality. The bar is equipped with four 80-inch televisions and two 27-inch televisions. A dedicated 17,000-square-foot parking lot serves the building and its restaurant, storefront, and event-related uses.
Key Highlights
- 7,162 SF commercial building constructed in 1954
- Operating restaurant with full‑service bar and rear dining room
- Two storefronts leased to established businesses
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
$53,134
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
8.89%
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%
$1,062,680
$1.1M
Cap Rate 7%
$759,057
$759.1K
Cap Rate 9%
$590,378
$590.4K
Market Conditions
NOI Build-Up for 7,162 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
$79.1K $11.04/SF
− Vacancy
−$3.2K −$0.44/SF
EGI
$75.9K $10.60/SF
− OpEx
−$22.8K −$3.18/SF
NOI
$53.1K $7.42/SF
Area
Belmont County, OH
Vacancy
4.00%
Lease Rate
$11.04 /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%
$1,062,680
Cap Rate 7%
$759,057
Cap Rate 9%
$590,378
Alternative Uses
Best Use
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,279 @ 7.0% cap · market cap 16.45%
Second Best
Retail
$759.1K
$664.2K – $885.6K
NOI $53,134 @ 7.0% cap · market cap 8.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 34%
Groceries 15%
McDonald's
Dining
11,689 visits/mo
0.1 miles
Wendy's
Dining
9,761 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
7,599 visits/mo
0.5 miles
Save-A-Lot
Groceries
6,180 visits/mo
0.1 miles
Dollar General
Shops & Services
5,020 visits/mo
0.4 miles
Demographics for 43713, OH
7,227
Population
3,015
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
90%
High-School Grad
90.9 sq mi
ZIP Area
80
Density / Sq Mi
$61,206
Median Household Income
$33,662
Median Earnings
$542
Median Rent
$171,300
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 - Operating dining venue includes a full-service bar and flexible areas for private events.
Where is this conventional restaurant located?
The property is located at 787 E Main St Barnesville, OH.
What is the asking price?
The asking price for this property is $597,500.
What are key features of this property?
This property features: 7,162 SF commercial building constructed in 1954; Operating restaurant with full‑service bar and rear dining room; Two storefronts leased to established businesses
