Historic Italian Restaurant with Original
For Sale
$389,900
802 Standard Ave, Masury, OH 44438
Established restaurant property retaining its original bar, interior character, and modern conveniences.
Property Size2,207 SF
Price / SF$176.67
Days on Market39
Property Features for 802 Standard Ave
General Information
Standard status
Active
Size
2,207 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1940
Listing Agency:
Keller Williams Chervenic Rlty
(724) 730-0383
Listed By:
Ronald Kirkwood · License #2015005231
Source:
Theacclaimedrealty
Added: Jul 24
Changed: Aug 31
Last Checked: Aug 25 at 5:36AM
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.
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 = 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
$23,786
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
6.10%
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%
$475,720
$475.7K
Cap Rate 7%
$339,800
$339.8K
Cap Rate 9%
$264,289
$264.3K
Market Conditions
NOI Build-Up for 2,207 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
$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 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%
$475,720
Cap Rate 7%
$339,800
Cap Rate 9%
$264,289
Alternative Uses
Best Use
Specialty Retail
$339.8K
$297.3K – $396.4K
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
NOI $29,323 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 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
