Property profile

107 E Main St Spencer, OH 44275

FOR SALE
Turn key restaurants
Property ID
US66-5954021
2,280 SF 0.16 ac lot Built 1949
Entity Owned 3-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 2,280 SF
107 E Main St, Spencer, OH 44275
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1949
Construction TYPE NOT SPECIFIED
Total area 2,280 SF
Lot 0.16 ac (6,970 SF)
APN 037-27A-03-092
UPID US66-5954021

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

107 E Main St Spencer, OH 44275
Spencer metro Census 410000 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$170k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2023
Last sale
$150,000
5 recorded transactions
2023
$150,000
2007
$195,000
2005
$160,000
2004
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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