Add Listing
    For Lease
    • 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

    4887 Smith Rd West Chester, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and restaurant spaces for lease in West Chester, OH.

    Type:RETAIL
    Property size:
    1,260 SF
    Lot size:
    2.19 Acres
    Added:
    Aug 23, 2024
    Days on Market:
    614
    Last Refresh:
    Apr 5 at 9:46 pm

    Property Features for 4887 Smith Rd

    General Information

    Standard status
    Active
    Size
    1,260 SF
    Lot size
    2.19 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 4887 Smith Rd Contact us

    We can help!

    Listing Contact
    Giorgio Karras

    Listing agent Giorgio Karras

    Listing office JLL | Cincinnati

    Listing date Aug 23, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of JLL | Cincinnati

    Overview

    Retail and Restaurant Spaces Available

    Available for lease are two spaces: a 4,190-square-foot existing restaurant space and a 1,260-square-foot existing fitness user space. The property is located in Beckett Town Center, near a signalized intersection, and offers ample parking. Situated along a busy trade area route, the location benefits from a traffic count of 10,667 vehicles per day on Smith Road. The property is suitable for restaurants, retail, fitness centers, gyms, and sports and entertainment businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.4599
    Latitude
    39.351

    Nearby Similar for Lease

    • $35 SF/Yr

      Retail Space in West Chester

      Former donut shop in a high-traffic West Chester location.
      9558 Civic Center Boulevard, West Chester, OH 45069
      View Details
    • $7 SF/Yr

      West Chester Industrial/Flex Space

      25,000 SF industrial/flex space with office in West Chester.
      9910 Charter Park Dr, West Chester, OH 45069
      View Details
    • $20 SF/Yr

      Former Daycare Center in West Chester

      4,960 SF West Chester property suitable for retail or office.
      6860 Fountains Blvd, West Chester, OH 45069
      View Details
    • $950/Mo

      West Chester Office Space Available

      Office space for rent in a well-located commercial area.
      8300 Princeton Glendale Road, West Chester, OH
      View Details
    • $25 SF/Yr

      Retail Space Near I-75

      Retail space in West Chester near I-75 available for lease.
      9324 Union Centre Blvd, West Chester, OH 45069
      View Details
    • Contact for pricing

      West Chester Flex Space Available

      4,800 SF flex space with office and warehouse areas.
      9912 Windisch Rd, West Chester, OH 45069
      View Details
    • Contact for pricing

      Maintenance Garage with Drive-In Doors

      9,481 SF maintenance garage with fenced storage yard for lease.
      6380 Centre Park Drive, West Chester, OH 45069
      View Details
    • $20 SF/Yr

      West Chester Retail Space Available

      Retail spaces available in West Chester near Tylersville Rd.
      7320-7324 Kingsgate Way, West Chester, OH
      View Details
    • $14 SF/Yr

      Class A Office Space Available

      Premier mixed-use development with walkable amenities and abundant natural light.
      9100 W Chester Towne Ctr, West Chester, OH
      View Details
    • $15 SF/Yr

      West Chester Office Space Available

      Office space for rent with free parking and amenities.
      9025 Centre Pointe Dr, West Chester, OH
      View Details
    • Contact for pricing

      West Chester Flex R&D Space

      Flex R&D space available for lease in West Chester.
      9900-9970 Princeton Glendale Road, West Chester, OH 45246
      View Details
    • Contact for pricing

      Retail/Medical Space Available

      3,426 SF space ideal for medical support services.
      7719 Tylers Place Blvd, West Chester, OH
      View Details

    FAQs

    What type of property is this?
    Restaurant - Retail and restaurant spaces for lease in West Chester, OH.
    Where is this restaurant located?
    The property is located at 4887 Smith Rd West Chester, OH.
    What are key features of this property?
    This property features: Existing restaurant space available with 4,190 SF; Existing fitness user space available with 1,260 SF; Located in Beckett Town Center
    (513) 241-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Giorgio Karras
    Learn More
    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.
    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!