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Building Details

Year Built 1940

Listing Agency: Keller Williams Chervenic Rlty

Listed By: Ronald Kirkwood · License #2015005231 Show Phone

Source: Theacclaimedrealty

Added: Jul 24 Changed: Oct 11 Last Checked: Oct 7 at 12:54PM

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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 Keller Williams Chervenic Rlty

Investment Insights

Based on property information with market context.

White Rose Spaghetti House is a conventional restaurant property at 802 Standard Avenue in Masury, Ohio. Built in 1940, the establishment includes an original bar and an interior designed around a longstanding neighborhood restaurant identity. Existing improvements combine preserved character with modern conveniences.

The property is associated with classic Italian comfort food, signature sauce, and recipes maintained by the current ownership. Its established name and documented history in the Mahoning Valley are part of the asset’s operating identity, while the restaurant setting remains centered on an authentic, traditional dining experience.

Key Highlights

• White Rose Spaghetti House at 802 Standard Avenue, Masury, OH 44438
• Restaurant property built in 1940
• Original bar and preserved interior character

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,786

Cap Rate

6.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$475,720 $475.7K

Cap Rate 7%

$339,800 $339.8K

Cap Rate 9%

$264,289 $264.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,207 SF

Gross rent

$33.1K $15.00/SF

− Vacancy

−$1.4K −$0.63/SF

EGI

$31.7K $14.37/SF

− OpEx

−$7.9K −$3.59/SF

NOI

$23.8K $10.78/SF

Area

Trumbull County, OH

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$475,720

Cap Rate 7%

$339,800

Cap Rate 9%

$264,289

Alternative Uses

Best Use

Specialty Retail

$339.8K

$297.3K – $396.4K (±1% cap)

NOI $23,786 @ 7.0% cap · market cap 6.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$418.9K

$366.5K – $488.7K (±1% cap)

NOI $29,323 @ 7.0% cap · market cap 7.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

White Rose Spaghetti ... Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

94

Businesses Nearby

29k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

15,710 visits/mo 0.1 miles

Dollar General Shops & Services

6,917 visits/mo 0.2 miles

Circle K Shops & Services

4,621 visits/mo 0.2 miles

Cashland Shops & Services

1,831 visits/mo 0.1 miles

Demographics for 44438, OH

4,762

Population

2,632

Households

1.8

Avg Household Size

47

Median Age

15%

College-Educated

90%

High-School Grad

9.4 sq mi

ZIP Area

507

Density / Sq Mi

$42,934

Median Household Income

$33,716

Median Earnings

$763

Median Rent

$78,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Established restaurant property retaining its original bar, interior character, and modern conveniences.

Where is this conventional restaurant located?

The property is located at 802 Standard Ave Masury, OH.

What is the asking price?

The asking price for this property is $389,900.

What are key features of this property?

This property features: White Rose Spaghetti House at 802 Standard Avenue, Masury, OH 44438; Restaurant property built in 1940; Original bar and preserved interior character