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    Property profile & analytics

    147 Cedar Hl Rd Lancaster, OH 43130-3637

    • Turn key restaurants
    • 1,770 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $85,000
    Last Sale
    Mar 25, 2021
    $100,000
    Location Intelligence
    Property ID
    US66-1999345
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sugar Bears Pizzeria / Pizza Restaurant

    Property Details for 147 Cedar Hl Rd

    Year built
    1900
    Construction
    STEEL FRAME
    Lot size
    0.19 lot acres
    Property size
    1,770 SF
    Property type
    Turn key restaurants
    APN
    053-60735.00
    APU
    536073500

    Description

    This exceptional opportunity presents the chance to acquire a well-established and highly-rated pizza restaurant in Lancaster, Ohio. Located at 147 Cedar Hill Road, this turnkey operation boasts a rich 20-year history as Sugar Bears Pizza, built upon a legacy of over 50 years in the pizza industry. The property includes two parcels totaling 13,939.2 square feet, featuring a 1,866 square foot dine-in restaurant with a drive-thru window (currently inactive). Ample parking is available for 12+ vehicles. The sale encompasses the business and trade name, along with established recipes and well-maintained equipment. Sugar Bears Pizza enjoys a stellar reputation, evidenced by its 4.6 Google rating and 4.5 TripAdvisor rating, attracting a loyal customer base from Lancaster and beyond. The convenient location offers easy access from Lancaster and two nearby 33 Bypass interchanges. Significant growth potential exists through the addition of delivery services, extended hours, and expanded menu offerings. The asking price is $749,900. This is a rare chance to own a thriving business with a proven track record and substantial upside. Serious inquiries only, please do not contact the business directly.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $90,000

    • CAP approach

      CAP return
      Estimation
      6%
      $70,000
      6.5%
      $70,000
      7%
      $70,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $70,000
      Geo Method
      $80,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $85,000
      Retail
      $90,000
      Mixed-Use
      $80,000
      Hospitality
      $75,000
      Educational
      $85,000
      Residential Income
      $65,000
      Energy
      $80,000
      Income-Based Land
      $70,000
      Food Service
      $75,000

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.6144
    Latitude
    39.7122
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,054
    $10,830
    $22,880
    $33,710
    -
    $30,930
    $65,360
    $96,290

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    Lancaster, OH 43130-3637
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
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