Restaurant Building with Outdoor
New
For Sale
$1,995,000
7880 Remington Rd, Cincinnati, OH 45242
Established food-and-beverage facility offering indoor and outdoor seating with dedicated on-site parking.
Property Size4,216 SF
Lot Size0.83 Acres
Price / SF$473.20
Days on Market2
Property Features for 7880 Remington Rd
General Information
Standard status
Active
Size
4,216 SF
Class
C
Lot size
0.83 Acres
Property subtype
retail
Restaurant
Seating Capacity
165
Patio
Yes
Building Details
Construction
brick
Listing Agency:
Cincinnati
(513) 252-2189
Listed By:
Kevin Thobe · License #242944
(513) 252-2189
Source:
Property.jll
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 2:37PM
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 Cincinnati
Investment Insights
Based on property information with market context.
This restaurant property includes a 4,216 SF brick building on 0.83 acres assembled from three parcels. The facility supports a full-service food-and-beverage operation and includes an expansive exterior patio. Seating is provided across indoor and outdoor areas, with a total capacity of 165 seats.
The property is located at 7880 Remington Rd in Cincinnati, along the Kenwood/Montgomery corridor and within the area identified as Cincinnati’s main retail hub. More than 30 on-site parking spaces serve the property, adding practical support for restaurant operations and customer access.
The property is located at 7880 Remington Rd in Cincinnati, along the Kenwood/Montgomery corridor and within the area identified as Cincinnati’s main retail hub. More than 30 on-site parking spaces serve the property, adding practical support for restaurant operations and customer access.
Key Highlights
- 4,216 SF brick restaurant building on 0.83 acres
- Three‑parcel property at 7880 Remington Rd, Cincinnati, OH 45242
- 165 indoor / outdoor seats
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
$56,461
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
2.83%
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%
$1,129,220
$1.1M
Cap Rate 7%
$806,586
$806.6K
Cap Rate 9%
$627,344
$627.3K
Market Conditions
NOI Build-Up for 4,216 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
$80.9K $19.20/SF
− Vacancy
−$5.7K −$1.34/SF
EGI
$75.3K $17.86/SF
− OpEx
−$18.8K −$4.46/SF
NOI
$56.5K $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%
$1,129,220
Cap Rate 7%
$806,586
Cap Rate 9%
$627,344
Alternative Uses
Best Use
Specialty Retail
$806.6K
$705.8K – $941.0K
NOI $56,461 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$838.1K
$733.3K – $977.8K
NOI $58,666 @ 7.0% cap · market cap 2.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45242, OH
23,214
Population
9,587
Households
2.4
Avg Household Size
42
Median Age
70%
College-Educated
98%
High-School Grad
13.6 sq mi
ZIP Area
1,707
Density / Sq Mi
$120,869
Median Household Income
$74,505
Median Earnings
$1,781
Median Rent
$421,200
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 - Established food-and-beverage facility offering indoor and outdoor seating with dedicated on-site parking.
Where is this conventional restaurant located?
The property is located at 7880 Remington Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 4,216 SF brick restaurant building on 0.83 acres; Three‑parcel property at 7880 Remington Rd, Cincinnati, OH 45242; 165 indoor / outdoor seats
