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    7843-7855 Tylersville Rd West Cheste, OH 45069

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    7843-7855 Tylersville Rd West Cheste, OH 45069

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    • Lifestyle centers
    • 88,181 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 7843-7855 Tylersville Rd

    Property size
    88,181 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    West Chester Plaza, located at 7843-7855 Tylersville Rd in West Chester, Ohio (zip code 45069), presents a compelling retail investment opportunity. This 88,181 square foot shopping center boasts a prime location at a highly sought-after intersection in Butler County. The property currently features two suites, with 2,800 square feet of vacant space immediately available. The minimum divisible space is 1,400 square feet, offering flexibility for various retail concepts. This strategic location benefits from exceptional accessibility and high visibility, placing it within close proximity to two hospitals and a substantial workforce exceeding 97,000 individuals within a five-mile radius. The property's strong location and available space make it an ideal choice for businesses seeking to establish or expand their presence in a thriving market. The property is classified as a retail shopping center with multiple tenancies. This presents a unique opportunity to capitalize on the high traffic and strong demographics of this established commercial area. Serious inquiries are encouraged to explore this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Cheste
    County
    Butler
    State
    Ohio
    Longitude
    -84.3624
    Latitude
    39.3518

    Comparable in this City

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    • Value Estimation by Request
      5,300 SF

      7530 Foster Ln

      Lifestyle centers • 5,300 SF
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    • Value Estimation by Request
      450,000 SF

      Tylersville Rd & Cox Rd

      Neighborhood centers • 450,000 SF
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    • Value Estimation
      $975,000
      48,407 SF

      9435 Civic Ctr Blvd

      MINI-MALL • 48,407 SF
      9435 Civic Ctr Blvd, West Chester, OH 45069-7143
      View Details
    • Value Estimation by Request
      8,736 SF

      7717 Voice Of America Ctr Dr

      MINI-MALL • 8,736 SF
      7717 Voice Of America Ctr Dr, West Chester, OH 45069-2792
      View Details
    • Value Estimation
      $2,150,000
      121,812 SF

      4842 Un Ctr Pavilion Dr

      MINI-MALL • 121,812 SF
      4842 Un Ctr Pavilion Dr, West Chester, OH 45069-4880
      View Details

    Similar Nearby for Sale

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      12,488 SF

      Outparcels Available For Sale

      Outparcels available for sale or build to suit.
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    • $1,450,000
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      West Chester Freestanding Restaurant Opportunity

      Freestanding restaurant near I-75 and major retail.
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      4,385 SF

      Retail/Office Space Available

      4385 SF retail/office space for sale.
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    • $399,000
      3,510 SF

      Retail Property in Prime Location

      Retail property on 1.36 acres, zoned for business.
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      Affluent Cincinnati Shopping Center For Sale

      Well-located shopping center in a growing northern Cincinnati market.
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      8,600 SF

      West Chester Retail/Medical Space

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    Similar Nearby for Lease

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      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease in West Chester, OH.
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    • $20 SF/Yr
      24,784 SF

      Retail Space in Growing Market

      Retail property in a high-traffic, rapidly growing area.
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      Commercial Land for Lease

      Commercial land available for lease in West Chester Township, OH.
      Liberty Way & Tylers Pl Blvd, West Chester, OH 45069
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      6,896 SF

      Freestanding Restaurant at Signalized Intersection

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      Retail Space in West Chester

      Retail opportunity in a dynamic West Chester community.
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    • $17 SF/Yr

      Retail Space Near Cincinnati-Dayton Road

      Retail space in growing Cincinnati community with high visibility.
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    West Cheste, OH 45069
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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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