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    Property profile & analytics

    300 Emmitt Ave Waverly, OH 45690-1006

    • Turn key restaurants
    • 1,820 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $490,000
    Last Sale
    May 04, 2022
    $550,000
    Location Intelligence
    Property ID
    US66-4920308
    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

    • Maddy's Diner 23 / Diner / Breakfast Restaurant
    • Remy's Used Cars / Used Car Dealer

    Property Details for 300 Emmitt Ave

    Lot size
    0.34 lot acres
    Property size
    1,820 SF
    Property type
    Turn key restaurants
    APN
    18-173600.0000
    APU
    181736000000

    Description

    This exceptional turnkey restaurant opportunity in Waverly, Ohio presents a unique chance to acquire a thriving business. Located at 300 W Emmitt Avenue, this 1,820-square-foot diner boasts a distinctive 1950s theme and decor, creating a nostalgic and inviting atmosphere for patrons. Established in 2000, the business enjoys a loyal customer base and benefits from its prime location on Emmitt Avenue/US 23, a high-traffic area with a daily count of 27,789 vehicles. The sale includes the building, land (14,810.4 square feet), equipment, inventory, and the established business name, "Diner 23." The restaurant operates seven days a week, opening daily at 7:00 am, except for Wednesdays. The asking price is $675,000, translating to $370.88 per square foot. Potential buyers should be aware that the property is situated within a flood zone. This is a rare chance to own a well-established, profitable restaurant with significant potential for continued growth in a bustling Ohio community. The sale includes all aspects of the business, making this a truly turnkey operation ready for immediate ownership.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $420,000

    • CAP approach

      CAP return
      Estimation
      6%
      $605,000
      6.5%
      $535,000
      7%
      $610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $620,000
      Geo Method
      $625,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $650,000
      Retail
      $590,000
      Mixed-Use
      $620,000
      Hospitality
      $625,000
      Educational
      $535,000
      Residential Income
      $540,000
      Energy
      $510,000
      Income-Based Land
      $610,000
      Food Service
      $620,000

    Location Insight

    • Map
    • Local Demand
    City
    Waverly
    County
    Pike
    State
    Ohio
    Longitude
    -82.9892
    Latitude
    39.125

    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
    $3,636
    $29,300
    $48,420
    $77,720
    -
    $83,720
    $138,350
    $222,070

    Comparable in this City

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      4,440 SF

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    • Value Estimation by Request
      0.19 Acres

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      RESTAURANT • 0.19 Acres
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    • Value Estimation
      $245,000
      4,050 SF

      Side State Rte Lk, Unit 552

      RESTAURANT • 4,050 SF
      Side State Rte Lk, Waverly, OH 45690
      View Details
    • Value Estimation
      $360,000
      1,920 SF

      763 Emmitt Ave, Unit 3

      RESTAURANT • 1,920 SF
      763 Emmitt Ave, Waverly, OH 45690-1015
      View Details
    • Value Estimation
      $215,000
      4,900 SF

      2254 Blain Hwy

      RESTAURANT • 4,900 SF
      2254 Blain Hwy, Waverly, OH 45690-9517
      View Details
    • Value Estimation
      $610,000
      3,136 SF

      50 Morningside Dr

      RESTAURANT • 3,136 SF
      50 Morningside Dr, Waverly, OH 45690-1279
      View Details

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    Waverly, OH 45690-1006
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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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