Property profile

1111 Niles Cortland NE Rd Warren, OH 44484

OFF-MARKET
Turn key restaurants
Property ID
US66-2044924
6,076 SF 0.48 ac lot Built 1900
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

The property is a combined sports bar and grill venue established in 1942, including the main building and associated improvements. Included with the building are food-service kitchen components (including a freezer, ice machine, stove and oven, refrigerator, and chicken cooker) and bar-related features, along with various equipment, fixtures, and furnishings. Interior updates described include newer tables and chairs, flooring, back-room carpeting, bathroom updates, and updates to the garage roof and lower bar roof; exterior upgrades are also noted. The layout includes a spacious back room suitable for gatherings and an outdoor recreation area with a bocce court, sand volleyball court, deck, and an outside bar. The property contains a full basement and a rear garage, providing additional storage space. A recently updated three-bedroom apartment is also part of the property and is configured for residential use, with the apartment described as currently occupied. The listing also references a liquor license as included with the sale, indicating that the premises has a history of on-site alcohol service.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction WOOD FRAME
Total area 6,076 SF
Lot 0.48 ac (20,909 SF)
APN 28-363306
UPID US66-2044924

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
  • Bar & Pub

Location

1111 Niles Cortland NE Rd Warren, OH 44484-1008
Warren metro Census 933002 YOUNGSTOWN-WARREN-BOARDMAN, OH-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

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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