Sign Up Successful!
You now have access to more from Realmo!
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

    389 John Scott Hwy Steubenville, OH 43952-3009

    • Turn key restaurants
    • 4,544 SF
    • 1.47 lot acres
    OFF-MARKET
    Last Sale
    Jan 02, 2024
    $2,658,000
    Value Estimations
    $2,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3292932
    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

    • Applebee's Grill + Bar / Family Restaurant / Hamburger Restaurant

    Property Details for 389 John Scott Hwy

    Year built
    1996
    Lot size
    1.47 lot acres
    Property size
    4,544 SF
    Property type
    Turn key restaurants
    APN
    08-01519-004
    APU
    801519004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,660,000
      ML approach
      $2,660,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Steubenville
    County
    Jefferson
    State
    Ohio
    Longitude
    -80.671
    Latitude
    40.3732
    CBSA code
    48260
    CBSA name
    WEIRTON-STEUBENVILLE, WV-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
    $19,308
    $138,432
    $122,143
    $260,575
    -
    $395,520
    $348,980
    $744,500

    Comparable in this City

    • Value Estimation by Request
      1,288 SF

      2198 Sunset Blvd

      RESTAURANT • 1,288 SF
      2198 Sunset Blvd, Steubenville, OH 43952-2405
      View Details
    • Value Estimation by Request
      1,800 SF

      211 4th St

      RESTAURANT • 1,800 SF
      211 4th St, Steubenville, OH 43952
      View Details
    • Value Estimation
      $1,430,000
      6,180 SF

      100 Mall Dr

      RESTAURANT • 6,180 SF
      100 Mall Dr, Steubenville, OH 43952-3092
      View Details
    • Value Estimation by Request
      1,536 SF

      509 Washington St

      RESTAURANT • 1,536 SF
      509 Washington St, Steubenville, OH 43952-2139
      View Details
    • Value Estimation by Request
      9.63 Acres

      700 Cr 56

      RESTAURANT • 9.63 Acres
      700 Cr 56, Steubenville, OH 43952
      View Details
    • Value Estimation by Request
      2,700 SF

      216 4th St, Unit 12

      RESTAURANT • 2,700 SF
      216 4th St, Steubenville, OH 43952-2929
      View Details

    Similar Nearby for Sale

    • $685,000
      17,500 SF

      Steubenville Restaurant & Bar Opportunity

      Prime Downtown Location, 15,000 SF
      501 Washington St, Steubenville, OH 43952
      View Details
    • $875,000
      1.50 Acres

      Sunset Blvd Storefront Opportunity

      High-traffic retail space, excellent development potential.
      4150 Sunset Blvd, Steubenville, OH 43952
      View Details
    • $450,000
      1,643 SF

      Medical Office Building for Sale

      1,643 SF Medical Office in Steubenville, OH
      4000 Johnson Rd, Steubenville, OH 43952
      View Details
    • Contact for pricing
      117,808 SF

      Downtown Steubenville Commercial Gem

      Prime OH location, multi-tenant retail/office.
      500 Market St, Steubenville, OH 43952
      View Details
    • New
      $239,900
      0.08 Acres

      Mixed-Use Building in Steubenville, OH

      Mixed-use building with apartments and storefronts in high-visibility location.
      205 S 4Th St, Steubenville, OH 43952
      View Details
    • Contact for pricing
      0.05 Acres

      Residential Plot in Downtown Steubenville

      Vacant residential plot ready for your dream home or investment.
      Steubenville, OH 43952
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,889 SF

      Retail Space in Steubenville, OH

      Retail space available for lease in Steubenville, Ohio.
      201 N 7Th St, Steubenville, OH 43952
      View Details
    • $2,900 /Mo
      18,295 SF

      Prime Location Commercial Space

      High-visibility commercial space suitable for medical, professional, or retail use.
      2203 Sunset Blvd, Steubenville, OH 43952
      View Details
    • Contact for pricing
      80,408 SF

      Prime Steubenville Warehouse Space

      80,408 SF Warehouse, 28,823 SF Available
      4495 Mall Dr, Steubenville, OH 43952
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Tri-State Plaza

      Retail space for lease in high-traffic Steubenville plaza.
      4201 Mall Dr, Steubenville, OH 43952
      View Details
    • Contact for pricing

      Sunset Blvd Land Opportunity

      Land available on Sunset Blvd in Steubenville, OH.
      4419-4429 Sunset Blvd, Steubenville, OH 43952
      View Details
    • $1,300 /Mo

      Spacious Home with Large Back Deck

      Three-bedroom home featuring a large back deck and unfinished basement.
      703 Jeanette Ave, Steubenville, OH 43952
      View Details

    Property Visit Statistics

    • Visits by month
      17.0k
    • Visitors by month
      14.0k
    • Avg Time on site
      58 min
    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.
    389 John Scott Hwy
    Steubenville, OH 43952-3009
    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.