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    709 Lincolnway Minerva, OH 44657-1209

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    709 Lincolnway Minerva, OH 44657-1209

    View on Map
    • Drive through restaurants
    • 3,601 SF
    • 1.36 lot acres
    Off-Market
    Last Sale Dec 31, 2025
    $1,350,000
    Property ID
    US66-1844753
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 709 Lincolnway

    Year built
    1990
    Construction
    FRAME
    Lot size
    1.36 lot acres
    Property size
    3,601 SF
    Property type
    Drive through restaurants
    APN
    42-01539
    APU
    4201539

    Description

    This exceptional 3,583-square-foot quick-service restaurant (QSR) property, formerly a Hardee's/Carl's Jr., is available for sale or lease. Situated on a 1.15-acre lot in Minerva, Ohio, this freestanding building boasts over 225 feet of frontage on East Lincolnway, providing excellent visibility and accessibility. The property features ample parking with over 35 spaces to accommodate customers. High traffic counts of 9,757 vehicles per day (VPD), as reported by ODOT TIMS, underscore the location's strong potential. The surrounding area boasts an average household income of $84,615 within a 15-minute drive, indicating a robust consumer base. Minerva, a village in Stark County, offers a charming community atmosphere with parks, local shops, and annual events. The property's proximity to other established businesses, including McDonald's, Sandy Springs Brewing Company, Pizza Hut, Domino's, Dairy Queen, Consumers National Bank, and Dunkin', further enhances its desirability. This turnkey opportunity presents a unique chance to establish or expand a thriving food service business in a vibrant community. The property's size, location, and existing infrastructure make it an ideal investment for a variety of QSR concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Minerva
    County
    Stark
    State
    Ohio
    Longitude
    -81.0945
    Latitude
    40.7337
    CBSA code
    15940
    CBSA name
    CANTON-MASSILLON, 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
    $4,340
    $19,290
    $133,880
    $153,170
    -
    $55,100
    $382,500
    $437,600

    Comparable in this City

    • Value Estimation by Request
      2,310 SF

      609 Lincolnway

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,310 SF
      609 Lincolnway, Minerva, OH 44657
      View Details
    • Value Estimation by Request
      1.40 Acres

      1050 Vly St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1.40 Acres
      1050 Vly St, Minerva, OH 44657-9782
      View Details
    • Value Estimation
      $2,025,000
      2,660 SF

      1000 Vly St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,660 SF
      1000 Vly St, Minerva, OH 44657-9782
      View Details
    • Value Estimation
      $670,000
      4,256 SF

      601 Lincolnway

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,256 SF
      601 Lincolnway, Minerva, OH 44657-2008
      View Details
    • Value Estimation by Request
      6,600 SF

      301 Market St

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,600 SF
      301 Market St, Minerva, OH 44657-1444
      View Details
    • Value Estimation by Request
      1,054 SF

      301 Market St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,054 SF
      301 Market St, Minerva, OH 44657-1444
      View Details

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    Minerva, OH 44657-1209
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    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.

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    709 Lincolnway, Minerva, OH, 44657

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