Restaurant Opportunity Near Hocking
11850 Walnut Street Adelphi, OH 43101
11850 Walnut Street, Adelphi, OH, 43101
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For Sale
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Restaurant business for sale near Hocking Hills with equipment.
Property Size1,568 SF
Price / SF$255.04
Days on Market790
Property Features for 11850 Walnut Street
General Information
- Standard status
- Active
- Size
- 1,568 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agency
e-Merge Real Estate Excellence
Listed by
Heather Dalessandri · License #2012001207
Source
Crexi
Added: May 23, 2024 Updated: Jul 10 at 11:25AM Checked: Jul 21 at 11:05AM
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 e-Merge Real Estate Excellence
Investment Insights
Based on property information with market context.
This commercial property presents an opportunity to own a business near Hocking Hills. The property is currently configured for take-out service, with equipment included in the sale. Potential exists to expand operations by adding dine-in and delivery services. The building offers room for business growth and potential expansion of the building size if desired. The property size is 1568 square feet.
Key Highlights
- Existing business opportunity near Hocking Hills
- Includes existing equipment for immediate operation
- Potential for increased revenue through dine‑in and delivery services
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.5k | $15.00 |
| − Vacancy | −$988 | −$0.63 |
| EGI | $22.5k | $14.37 |
| − OpEx | −$5.6k | −$3.59 |
| NOI | $16.9k | $10.78 |
1,568 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$241.4K
$211.2K – $281.7K
NOI $16,899 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.9K
$258.9K – $345.2K
NOI $20,713 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Restaurant business for sale near Hocking Hills with equipment.
Where is this conventional restaurant located?
The property is located at 11850 Walnut Street Adelphi, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Existing business opportunity near Hocking Hills; Includes existing equipment for immediate operation; Potential for increased revenue through dine‑in and delivery services
