Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    6005 Meijer Dr Milford, OH 45150-1575

    • Investment properties
    • 4,684 SF
    • 2.46 lot acres
    OFF-MARKET
    Last Sale
    Nov 25, 2024
    $350,000
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2843558
    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.

    Current Use by Public Records

    • Perkins / Carmack Construction LLC / Construction Company / General Contractor

    Property Details for 6005 Meijer Dr

    Year built
    2012
    Construction
    METAL FRAME
    Lot size
    2.46 lot acres
    Property size
    4,684 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    18-25-15C-109
    APU
    182515C109

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $675,000
      6.5%
      $620,000
      7%
      $575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Clermont
    State
    Ohio
    Longitude
    -84.2427
    Latitude
    39.2014
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN 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
    $16,204
    $89,180
    $94,260
    $183,440
    -
    $254,800
    $269,300
    $524,100

    Comparable in this City

    • Value Estimation
      $2,840,000
      23,043 SF

      6070 Br Hl Guinea Pike

      STORE/OFFICE (MIXED USE) • 23,043 SF
      6070 Br Hl Guinea Pike, Milford, OH 45150-2220
      View Details
    • Value Estimation
      $2,070,000
      12,000 SF

      1040 Techne Ctr Dr

      STORE/OFFICE (MIXED USE) • 12,000 SF
      1040 Techne Ctr Dr, Milford, OH 45150-2731
      View Details
    • Value Estimation
      $2,140,000
      12,536 SF

      809 Us Rte 50

      STORE/OFFICE (MIXED USE) • 12,536 SF
      809 Us Rte 50, Milford, OH 45150-9577
      View Details
    • Value Estimation by Request
      2,640 SF

      5659 Mellie Ln

      STORE/OFFICE (MIXED USE) • 2,640 SF
      5659 Mellie Ln, Milford, OH 45150-2320
      View Details
    • Value Estimation
      $7,335,000
      44,132 SF

      5120 Riv Vly Rd

      STORE/OFFICE (MIXED USE) • 44,132 SF
      5120 Riv Vly Rd, Milford, OH 45150-9108
      View Details
    • Value Estimation
      $2,955,000
      21,000 SF

      200 Castleberry Ct

      STORE/OFFICE (MIXED USE) • 21,000 SF
      200 Castleberry Ct, Milford, OH 45150-1165
      View Details

    Similar Nearby for Sale

    • $1,210,500
      2.00 Acres

      Miami Commons Commercial Land

      Prime Milford, OH commercial land. High traffic, great zoning.
      0 Us-50, Milford, OH 45150
      View Details
    • $819,000

      Union Township Industrial Land Available

      5.85 acre industrial land for sale in Union Township.
      5135 River Valley Rd, Milford, OH 45150
      View Details
    • $425,000

      3.45 Acres on Wolfpen Pleasant

      3.45 acres of land for sale on Wolfpen Pleasant.
      Wolfpen Pleasant Hill Rd, Milford, OH 45150
      View Details
    • Contact for pricing
      5,448 SF

      Former Restaurant Building on Lila

      5,449 SF building on 1.49 acres in Milford, OH.
      840 Lila Ave, Milford, OH 45150
      View Details
    • Contact for pricing

      Retail Property on State Route

      Retail property available for sale on State Route 28.
      1177 State Route 28, Milford, OH 45150
      View Details
    • Contact for pricing
      3,400 SF

      Retail Space Near Kroger

      Retail property with pylon signage and dedicated parking available.
      914 Lila Ave, Milford, OH 45150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Prime Milford Retail Pad Site

      High-traffic location, 1.5 acres.
      1165 Oh-28, Milford, OH 45150
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space on Main Street

      Retail space available for lease on Main Street.
      780-824 Main St, Milford, OH 45150
      View Details
    • $20 SF/Yr
      11 SF

      Prime Retail Space Available

      Highly visible retail space in a well-maintained center.
      5976 Meijer Dr, Milford, OH 45150
      View Details
    • Contact for pricing
      6,051 SF

      Milford Flex Space Available

      Well-maintained flex space in a park-like setting near I-275.
      50 W Techne Center Dr, Milford, OH 45150
      View Details
    • $12 SF/Yr
      2,400 SF

      Retail Space in Milford, Ohio

      2,400 SF retail space available for lease.
      1111 State Route 28, Milford, OH 45150
      View Details
    • $11 SF/Yr
      8,000 SF

      Class A Office Space

      Class A office space in a professional campus setting.
      400 Techne Center Dr, Milford, OH 45150
      View Details
    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.
    6005 Meijer Dr
    Milford, OH 45150-1575
    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.