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    8724 US Highway 68 N West Liberty, OH 43357

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    Claim this Listing
    For Sale
    $875,000

    COMMERCIAL - Other - West Liberty, OH

    Property size:
    10,136 SF
    Lot size:
    2.47 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    35
    Last Refresh:
    Apr 15 at 7:06 pm

    Property Features for 8724 US Highway 68 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Parking features
    Parking Lot
    Basement
    Crawl Space
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    I300913260002701
    Size
    10,136 SF
    Lot size
    2.47 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating), Propane (Heating), Forced Air, Electric (Heating)
    Water source
    Well

    Building Details

    Year built
    1995
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Bryn Daring-Stewart

    Listing agent Bryn Daring-Stewart License #2012000044

    Listing office Royer Realty LLC 301 E Columbus Ave., Bellefontaine, OH

    Listing date Mar 12, 2026

    MLS# 1044268

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property on US Hwy 68

    Located just south of West Liberty on US Hwy 68, this 2.469-acre mixed-use property features a 6,992 square foot country store barn with retail space, a half bath, pellet stove and heat pump, a walkout upper level, a work room with washtub, and foam insulation. A 960 square foot commercial storefront addition, added in 1996, could function as a separate space with designated parking and its own entrance. The barn roof was seal-coated in 2021. The property also includes two homes. Home One, a 2-bedroom, 2-bath modular built in 1995, features updated flooring, paint, kitchen appliances (2023), a laundry room, a covered back porch, a fenced yard, and a main suite with private bath. Home Two is a 2-bed, 2-bath manufactured home built in 1982 with updated windows, a pantry, a propane furnace, and front and back porches. The property has blacktop and gravel parking for approximately 20+ vehicles, a storage shed, and an owned propane tank for the building, plus a buried propane tank (leased). Zoned B-1, this property is suitable for multi-generational living, small business, investment, or a flexible live/work setup. It is located in Salem Township and the West Liberty-Salem School District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    West Liberty
    County
    Butler
    State
    Ohio
    Longitude
    -83.7491
    Latitude
    40.2537

    FAQs

    What type of property is this?
    Mixed-use property - 2.47-acre mixed-use property with retail barn and two homes.
    Where is this mixed-use property located?
    The property is located at 8724 US Highway 68 N West Liberty, OH.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Mixed‑use property with established 6,992 SF retail barn and additional 960 SF commercial storefront.; Includes two homes: updated 2‑bed, 2‑bath modular home (built in 1995) and 2‑bed, 2‑bath manufactured home (built in 1982).; Located on 2.469 acres with B‑1 zoning.
    (937) 592-7653
    We can help!
    Listing Contact
    Bryn Daring-Stewart
    Real Estate License ID: 2012000044
    Learn More
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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.

    More about this property
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