Indian-American Restaurant
For Sale
Contact for pricing
S Broad Street, Fairborn, OH 45324
Business-only sale with a built-out commercial kitchen, dining area, and established restaurant operations.
Property Size5,430 SF
Price / SF$184.16
Days on Market136
Property Features for S Broad Street
General Information
Standard status
Active
Size
5,430 SF
Property subtype
Retail
Lease Type
NNN
Additional Details
Business Included
Yes
Building Details
Year Built
2017
Stories
1
Units
1
Listing Agency:
NavX Realty
Listed By:
Simranjit Singh · License #2023003171
(513) 900-2000
Source:
Crexi
Added: Apr 21
Changed: Sep 2
Last Checked: Sep 2 at 12:01AM
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 NavX Realty
Investment Insights
Based on property information with market context.
This business-only restaurant sale includes a fully built-out operation with a commercial kitchen and dining area. The concept combines Indian and American cuisine, and the premises encompass 5,430 square feet in a building constructed in 2017.
The restaurant is located at 60 S Broad St in Fairborn’s downtown corridor, near Wright State University. The sale provides an operating restaurant setup with established customer relationships and existing goodwill, supporting a transition into an already configured food-service space.
The restaurant is located at 60 S Broad St in Fairborn’s downtown corridor, near Wright State University. The sale provides an operating restaurant setup with established customer relationships and existing goodwill, supporting a transition into an already configured food-service space.
Key Highlights
- Business‑only sale at 60 S Broad St, Fairborn, OH 45324
- 5,430‑square‑foot restaurant property
- Indian and American cuisine concept
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
$60,799
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
6.08%
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%
$1,215,980
$1.2M
Cap Rate 7%
$868,557
$868.6K
Cap Rate 9%
$675,544
$675.5K
Market Conditions
NOI Build-Up for 5,430 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
$84.7K $15.60/SF
− Vacancy
−$3.6K −$0.67/SF
EGI
$81.1K $14.93/SF
− OpEx
−$20.3K −$3.73/SF
NOI
$60.8K $11.20/SF
Area
Greene County, OH
Vacancy
4.30%
Lease Rate
$15.60 /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%
$1,215,980
Cap Rate 7%
$868,557
Cap Rate 9%
$675,544
Alternative Uses
Best Use
Specialty Retail
$868.6K
$760.0K – $1.01M
NOI $60,799 @ 7.0% cap · market cap 6.08%
Second Best
Industrial
$479.8K
$419.8K – $559.7K
NOI $33,583 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office B
$1.02M
$893.4K – $1.19M
NOI $71,469 @ 7.0% cap · market cap 7.15%
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
599
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 30%
Beauty & Spa 1%
Home Improvements & Furnishings 1%
McDonald's
Dining
20,332 visits/mo
0.5 miles
Dollar Tree
Shops & Services
10,821 visits/mo
0.4 miles
Taco Bell
Dining
10,602 visits/mo
0.4 miles
Wendy's
Dining
7,786 visits/mo
0.5 miles
Shell
Shops & Services
6,650 visits/mo
0.5 miles
Demographics for 45324, OH
40,449
Population
19,729
Households
2.1
Avg Household Size
34
Median Age
30%
College-Educated
92%
High-School Grad
33.1 sq mi
ZIP Area
1,222
Density / Sq Mi
$59,861
Median Household Income
$37,348
Median Earnings
$989
Median Rent
$177,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Business-only sale with a built-out commercial kitchen, dining area, and established restaurant operations.
Where is this conventional restaurant located?
The property is located at S Broad Street Fairborn, OH.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Business‑only sale at 60 S Broad St, Fairborn, OH 45324; 5,430‑square‑foot restaurant property; Indian and American cuisine concept
