Turnkey Restaurant, Pizza and
For Sale
$114,800
K-2151 E Dublin Granville Rd, Columbus, OH 43085
Turnkey Middle Eastern restaurant with fully equipped commercial kitchen and bakery operations, plus included equipment inventory.
Property Size882 SF
Price / SF$130.16
Days on Market189
Property Features for K-2151 E Dublin Granville Rd
General Information
Standard status
Active
Size
882 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$22,414
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Farzin Zarandi
(614) 356-3245
Source:
Exprealty
Added: Mar 5
Changed: Sep 9
Last Checked: Sep 9 at 9:20PM
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 Red 1 Realty
Investment Insights
Based on property information with market context.
Turnkey restaurant opportunity featuring a combined restaurant, pizza shop, and bakery concept. The space is built around a fully equipped commercial kitchen and bakery setup designed for daily food production and service, with over $130,000 in equipment included in the sale. The current offering operates within 882 square feet of thoughtfully designed space.
Located at 2151 E. Dublin Granville Road (43229) in North Columbus, the property benefits from a high-visibility, high-traffic setting and proximity to Polaris, I-71, and major retail corridors. The surrounding area includes established residential neighborhoods and a mix of nearby schools, office buildings, and national retailers.
This sale provides an operator-ready setup for an owner-operator or an expanding concept seeking a ready-to-run restaurant and bakery environment with the included equipment package.
Located at 2151 E. Dublin Granville Road (43229) in North Columbus, the property benefits from a high-visibility, high-traffic setting and proximity to Polaris, I-71, and major retail corridors. The surrounding area includes established residential neighborhoods and a mix of nearby schools, office buildings, and national retailers.
This sale provides an operator-ready setup for an owner-operator or an expanding concept seeking a ready-to-run restaurant and bakery environment with the included equipment package.
Key Highlights
- Turnkey Middle Eastern family‑style restaurant, pizza shop, and bakery at 2151 E. Dublin Granville Rd (43229)
- Restaurant and bakery operations built out in 882 SF
- Fully equipped commercial kitchen and bakery included, with over $130,000 in equipment included in the sale
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
$3,488
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
3.04%
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%
$69,760
$69.8K
Cap Rate 7%
$49,829
$49.8K
Cap Rate 9%
$38,756
$38.8K
Market Conditions
NOI Build-Up for 882 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
$5.4K $6.12/SF
− Vacancy
−$416 −$0.47/SF
EGI
$5.0K $5.65/SF
− OpEx
−$1.5K −$1.69/SF
NOI
$3.5K $3.95/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
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%
$69,760
Cap Rate 7%
$49,829
Cap Rate 9%
$38,756
Alternative Uses
Best Use
Specialty Retail
$168.7K
$147.7K – $196.9K
NOI $11,812 @ 7.0% cap · market cap 10.29%
Second Best
Industrial
$49.8K
$43.6K – $58.1K
NOI $3,488 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$183.8K
$160.8K – $214.5K
NOI $12,867 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43085, OH
25,566
Population
10,961
Households
2.3
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
3,502
Density / Sq Mi
$112,474
Median Household Income
$63,239
Median Earnings
$1,405
Median Rent
$373,300
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey Middle Eastern restaurant with fully equipped commercial kitchen and bakery operations, plus included equipment inventory.
Where is this conventional restaurant located?
The property is located at K-2151 E Dublin Granville Rd Columbus, OH.
What is the asking price?
The asking price for this property is $114,800.
What are key features of this property?
This property features: Turnkey Middle Eastern family‑style restaurant, pizza shop, and bakery at 2151 E. Dublin Granville Rd (43229); Restaurant and bakery operations built out in 882 SF; Fully equipped commercial kitchen and bakery included, with over $130,000 in equipment included in the sale
