Freestanding Restaurant Opportunity in
For Sale
Contact for pricing
8021 Hamilton Ave, Cincinnati, OH
Turnkey restaurant/bar opportunity with fixtures, furniture, and equipment included.
Property Size2,924 SF
Lot Size0.64 Acres
Price / SF$196.65
Days on Market369
Property Features for 8021 Hamilton Ave
General Information
Standard status
Active
Size
2,924 SF
Lot size
0.64 Acres
Property subtype
RETAIL
Listing Agency:
3CRE Advisors, LLC - corporate
(513) 824-5406
Listed By:
Sina Danesh · License ##SAL.2022002575
(513) 824-5406
Source:
Moodyscre
Added: Aug 4, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:19AM
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 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
Located in the Mount Healthy submarket of Cincinnati, the property at 8021 Hamilton Avenue is a 2,924-square-foot freestanding building suitable for a restaurant, bar, or similar food and beverage concept. The property includes ample surface parking and pylon signage. The interior features a full buildout, and all existing fixtures, furniture, and equipment are included in the sale. This offers immediate operational potential for an owner-operator or investor.
Key Highlights
- Turnkey restaurant/bar opportunity with full interior buildout.
- Includes all existing fixtures, furniture, and equipment.
- Freestanding 2,924‑square‑foot building.
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
$39,158
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
6.81%
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%
$783,160
$783.2K
Cap Rate 7%
$559,400
$559.4K
Cap Rate 9%
$435,089
$435.1K
Market Conditions
NOI Build-Up for 2,924 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
$56.1K $19.20/SF
− Vacancy
−$3.9K −$1.34/SF
EGI
$52.2K $17.86/SF
− OpEx
−$13.1K −$4.46/SF
NOI
$39.2K $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%
$783,160
Cap Rate 7%
$559,400
Cap Rate 9%
$435,089
Alternative Uses
Best Use
Specialty Retail
$559.4K
$489.5K – $652.6K
NOI $39,158 @ 7.0% cap · market cap 6.81%
Second Best
Retail
$481.6K
$421.4K – $561.9K
NOI $33,711 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$581.2K
$508.6K – $678.1K
NOI $40,687 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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?
Restaurant - Turnkey restaurant/bar opportunity with fixtures, furniture, and equipment included.
Where is this restaurant located?
The property is located at 8021 Hamilton Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Turnkey restaurant/bar opportunity with full interior buildout.; Includes all existing fixtures, furniture, and equipment.; Freestanding 2,924‑square‑foot building.
