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    880 Youngstown-Poland Rd Struthers, OH 44471
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    880 Youngstown-Poland Rd, Struthers, OH 44471

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    • Retail properties & Spaces
    • 5,300 SF
    • 1.00 lot acres
    For Sale
    $549,000
    View Listing →
    Tangier Bar & Pizza: Turnkey Opportunity For Sale
    $549,000
    5,300 SF

    Tangier Bar & Pizza: Turnkey Opportunity

    Established Restaurant, High ROI, Ohio

    880 Youngstown-Poland Rd, Struthers, OH 44471
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 880 Youngstown-Poland Rd

    Year built
    1951
    Lot size
    1.00 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional turnkey restaurant opportunity presents a rare chance to acquire the well-established Tangier Bar & Pizza in Struthers, Ohio. Located at 880 Youngstown-Poland Rd, this 5,300 square foot Class B property sits on a one-acre lot and boasts 75 parking spaces. Built in 1951 and extensively renovated in 2018, the property includes a main restaurant area, a separate pizza shop entrance for convenient carryout, and a recently renovated banquet center in the basement. The updated features include five new bathrooms, some new kitchen equipment, a 4x8 digital signage, and a freshly paved parking lot. The attractive space features a newly extended bar seating approximately 12, a three-bay sink, a separate hand-wash sink, multiple large TVs, five high-top tables, and two new bathrooms. A fully fenced and heated outdoor patio bar with a full-service 12-person bar, additional seating, TVs, and a jukebox adds to the property's appeal. All kitchen equipment, inventory, and recreational equipment are included in the sale. The asking price is $549,000, with a strong NOI of $100,000 and an attractive 18.21% cap rate. An additional property at 631 Geneva Ave, Struthers, OH 44471, currently rented for $550 per month, is also included in this sale. This property is zoned commercial and operates under an Absolute NNN lease. This is a single-unit, owner/user investment opportunity with significant potential for continued success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Struthers
    County
    Mahoning
    State
    Ohio
    Longitude
    -80.6154
    Latitude
    41.0474

    Comparable in this City

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      834 Youngstown-Poland Rd, Struthers, OH 44471
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      856 Youngstown-Poland Rd

      Individual retail properties
      856 Youngstown-Poland Rd, Struthers, OH 44471
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    • Value Estimation by Request
      0.06 Acres

      92 Brg St

      RESTAURANT
      92 Brg St, Struthers, OH 44471-1944
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    • Value Estimation by Request
      0.07 Acres

      Geneva Ave

      RESTAURANT
      Geneva Ave, Struthers, OH 44471
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    • Value Estimation by Request
      0.04 Acres

      Main St

      RESTAURANT
      Main St, Struthers, OH 44471
      View Details
    • Value Estimation by Request
      0.07 Acres

      810 Youngstown Poland Rd

      RESTAURANT
      810 Youngstown Poland Rd, Struthers, OH 44471-1207
      View Details

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      Tangier Bar & Pizza: Turnkey Opportunity

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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