Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2351 Wheeling Ave Cambridge, OH 43725-2164

    • Turn key restaurants
    • 4,300 SF
    • 9.32 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4844073
    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

    • McDonald's / Restaurant / Take-out & Catering

    Property Details for 2351 Wheeling Ave

    Year built
    1980
    Lot size
    9.32 lot acres
    Property size
    4,300 SF
    Property type
    Turn key restaurants
    APN
    06-0008719.000
    APU
    60008719000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $560,000
      Current use
      OFFICE BUILDING
      $740,000
      Change: +32% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $550,000
      Change: -2% Conversion: Easy
      AUTO REPAIR, GARAGE
      $515,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cambridge
    County
    Guernsey
    State
    Ohio
    Longitude
    -81.5662
    Latitude
    40.0301
    CBSA code
    15740
    CBSA name
    CAMBRIDGE, OH MICROPOLITAN 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
    $18,897
    $108,619
    $194,856
    $303,475
    -
    $310,340
    $556,731
    $867,071

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      528 2nd St

      RESTAURANT • 0.20 Acres
      528 2nd St, Cambridge, OH 43725-1214
      View Details
    • Value Estimation by Request
      1,512 SF

      11900 Pike Rd

      RESTAURANT • 1,512 SF
      11900 Pike Rd, Cambridge, OH 43725-9512
      View Details
    • Value Estimation by Request
      786 SF

      1201 Woodlawn Ave

      RESTAURANT • 786 SF
      1201 Woodlawn Ave, Cambridge, OH 43725-3027
      View Details
    • Value Estimation by Request
      1,200 SF

      514 2nd St

      RESTAURANT • 1,200 SF
      514 2nd St, Cambridge, OH 43725-1214
      View Details
    • Value Estimation by Request
      898 SF

      320 Dewey Ave

      RESTAURANT • 898 SF
      320 Dewey Ave, Cambridge, OH 43725-2652
      View Details
    • Value Estimation by Request
      3,085 SF

      1708 Southgate Pkwy

      RESTAURANT • 3,085 SF
      1708 Southgate Pkwy, Cambridge, OH 43725-3024
      View Details

    Similar Nearby for Sale

    • $225,000

      Former Restaurant on Wheeling Avenue

      Restaurant building for sale with high traffic and dense demographics.
      1821 E Wheeling Ave, Cambridge, OH 43725
      View Details
    • $1,250,000
      17,000 SF

      Cambridge Retail Landmark - 17,000 SF

      Iconic restaurant & banquet facility, high-traffic location.
      2000 Wheeling Ave, Cambridge, OH 43725
      View Details
    • Contact for pricing
      0.64 Acres

      Parkway Plaza Land: Cambridge, OH

      Prime Retail Land, I-70 Visibility
      61690 Southgate Rd, Cambridge, OH 43725
      View Details
    • Contact for pricing
      7,936 SF

      Commercial Property with Showroom, Office

      Commercial property featuring showroom, office space, and fabricating room.
      919 Woodlawn Ave, Cambridge, OH 43725
      View Details
    • Contact for pricing
      0.05 Acres

      Land in Growing Cambridge Area

      Level lot suitable for building in Cambridge, Ohio.
      707 Stewart Ave, Cambridge, OH 43725
      View Details
    • $415,000
      0.50 Acres

      Cambridge Office Building For Sale

      Spacious office building with new roof, convenient location, and accessibility.
      1175 South 13Th St, Cambridge, OH 43725
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      20,735 SF

      Cambridge Commercial Property with Drive-Through

      Versatile commercial property in high-traffic area with drive-through window.
      1821 E Wheeling Ave, Cambridge, OH 43725
      View Details
    • $1,200 /Mo
      42,253 SF

      Versatile Commercial Space in Cambridge

      Well-maintained commercial property suitable for various business uses.
      2325 E Wheeling Ave, Cambridge, OH 43725
      View Details
    • New
      $18 SF/Yr
      247,944 SF

      Retail Space in High-Traffic Location

      Commercial retail space in a high-traffic, high-visibility location.
      61600 Southgate Rd, Cambridge, OH 43725
      View Details
    • Contact for pricing
      3,650 SF

      Retail Space in Cambridge, OH

      Retail space available in a shopping center anchored by Tractor Supply.
      2101-2163 Southgate Pkwy, Cambridge, OH 43725
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Walmart Shadow

      Retail space available in a Walmart shadow center.
      61205-61279 Southgate Rd, Cambridge, OH 43725
      View Details
    • Contact for pricing
      178,970 SF

      Parkway Plaza Retail Spaces Available

      Prime Retail Space, I-70 Corridor, Cambridge, OH
      61690 Southgate Rd, Cambridge, OH 43725
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2351 Wheeling Ave
    Cambridge, OH 43725-2164
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!