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7719-7755 Tylers Place Blvd West Chester, OH 45069
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For Lease
$15 SF/Yr
Prime Retail Space, Butler County
Lot size:
22,236 SF
Description
Added:
Dec 11, 2024
Days on Market:
414
This exceptional retail space, totaling 2,052 square feet, is immediately available within the revitalized Plaza at Wetherington shopping center. Located at 7739 Tyler's Place Blvd in Butler County, this property boasts convenient access to Tylerville Road and Liberty Way, offering easy freeway access and high visibility. The center enjoys a strong tenant mix, including Snooty Fox, The UPS Store, H&R Block, Sweet's Zone Bakery, AVADA Hearing Care, L'Amour Day Spa & Nails, Halal Market, Tasty Pho, and The Crape Shop. The space itself features attractive wood flooring, ample natural and artificial lighting, two remodeled restrooms, a small private rear office, a rear man door with a small receiving area, and a ground-level mop sink. Previously occupied by a marketing office, this versatile space is ideal for a variety of retail uses, particularly medical support services or outpatient facilities, given its proximity to area hospitals. The lease rate is $15.50 per square foot, NNN, with a $5.50 additional charge. The property is offered "as-is." The entire shopping center encompasses 22,236 square feet, with only 2,052 square feet currently vacant. Its location adjacent to the Wetherington golf course and near the Liberty Steiner Development further enhances its desirability and potential for strong foot traffic.
Property Features for 7719-7755 Tylers Place Blvd
General Information
Property type
Lifestyle centers
Lease Type
Gross Lease
RSF (Rentable sq. ft)
22,236 SF
Total Rate
28721.5
Unit(s) available at that property
Space
Suite D-7739
Size
2,052 SF
Rate per SF
$15
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Listing Contact
Roy G Meierdiercks
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HighLights
Retail shopping center totaling 22,236 square feet in Butler County.
2,052 square feet of vacant space immediately available.
Located at 7739 Tyler's Place Blvd, near Wetherington Golf Course and Liberty Steiner Development.
Lease rate: $15.50 PSF NNN, $5.50 "As‑Is".
Features include open retail space, wood flooring, ample natural light, two remodeled restrooms, a small private office, and a rear receiving area.
Lifestyle center - Prime Retail Space, Butler County
Where is this lifestyle center located?
The property is located at 7719-7755 Tylers Place Blvd West Chester, OH.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Retail shopping center totaling 22,236 square feet in Butler County.; 2,052 square feet of vacant space immediately available.; Located at 7739 Tyler's Place Blvd, near Wetherington Golf Course and Liberty Steiner Development.
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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
7719-7755 Tylers Place Blvd West Chester, OH 45069
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7719-7755 Tylers Place Blvd, West Chester, OH
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7719-7755 Tylers Place Blvd, West Chester, OH
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Roy G Meierdiercks
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