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

    6166 Schumacher Park Dr West Chester, OH 45069-4802

    • Warehouses
    • 5,400 SF
    • 2.61 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1757712
    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

    • Warehouses

    Property Details for 6166 Schumacher Park Dr

    Year built
    1991
    Lot size
    2.61 lot acres
    Property size
    5,400 SF
    Property type
    Warehouses
    APN
    M5620-344.000-015
    APU
    M5620344000015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Butler
    State
    Ohio
    Longitude
    -84.423
    Latitude
    39.3108
    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
    $22,350
    $59,050
    $310,250
    $369,300
    -
    $168,720
    $886,430
    $1,055,150

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      6467 Gano Rd

      WAREHOUSE, STORAGE • 0.28 Acres
      6467 Gano Rd, West Chester, OH 45069-4830
      View Details
    • Value Estimation by Request
      3.33 Acres

      Cincinnati Dayton Rd

      MINI-WAREHOUSE, STORAGE • 3.33 Acres
      Cincinnati Dayton Rd, West Chester, OH 45069
      View Details
    • Value Estimation
      $755,000
      48,659 SF

      6121 Schumacher Park Dr

      WAREHOUSE, STORAGE • 48,659 SF
      6121 Schumacher Park Dr, West Chester, OH 45069-3818
      View Details
    • Value Estimation by Request
      1,120 SF

      7242 Dimmick Rd

      WAREHOUSE, STORAGE • 1,120 SF
      7242 Dimmick Rd, West Chester, OH 45069
      View Details
    • Value Estimation
      $33,000,000
      74,744 SF

      9872 Windisch Rd

      WAREHOUSE, STORAGE • 74,744 SF
      9872 Windisch Rd, West Chester, OH 45069-3806
      View Details
    • Value Estimation
      $10,955,000
      185,823 SF

      8655 Jacquemin Dr

      WAREHOUSE, STORAGE • 185,823 SF
      8655 Jacquemin Dr, West Chester, OH 45069-5062
      View Details

    Similar Nearby for Sale

    • $3,125,000
      24,080 SF

      West Chester Industrial Property

      24,080 SF industrial property with office space for sale.
      2786 Crescentville Rd, West Chester, OH 45069
      View Details
    • $3,250,000
      22,500 SF

      West Chester Warehouse Near Interstates

      Warehouse in West Chester, OH, near I-75 and I-275.
      9917 Charter Park Dr, West Chester, OH 45069
      View Details
    • Contact for pricing
      136,550 SF

      West Chester Warehouse and Office

      136,550 SF warehouse and office space on 14 acres.
      9300 Allen Rd, West Chester, OH 45069
      View Details
    • $9,680,000
      61,194 SF

      West Chester Industrial Facility

      61,194 SF West Chester facility with heavy power.
      8655 Rite Track Way, West Chester, OH 45069
      View Details
    • Contact for pricing
      6.36 Acres

      West Chester Industrial Land - Build to Suit

      6.36-acre industrial lot, build-to-suit opportunity.
      0 Windisch Rd, West Chester, OH 45069
      View Details
    • $239,000
      1,520 SF

      Updated Townhome in Wooded Setting

      Updated end-unit townhome with open layout, finished basement, fenced yard.
      8102 Mill Creek Cir, West Chester, OH 45069
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      52,600 SF

      West Chester Warehouse Space

      52,600 SF warehouse with immediate highway access.
      9251 Meridian Way, West Chester, OH 45069
      View Details
    • Contact for pricing
      147,250 SF

      Industrial Space in West Chester

      147,250 SF industrial space with easy highway access.
      5443-5459 W Chester Rd, West Chester, OH 45069
      View Details
    • Contact for pricing
      4,800 SF

      West Chester Industrial Space

      Industrial building in West Chester, Ohio, near major highways.
      9902-9928 Windisch Rd, West Chester, OH 45069
      View Details
    • $7 SF/Yr
      86,634 SF

      Warehouse Space Available for Sublease

      Sublease available until 12/31/2027 with 27,313 SF, 24' clear.
      9407 Meridian Way, West Chester, OH 45069
      View Details
    • $10 SF/Yr
      6,977 SF

      West Chester Warehouse and Office

      5,004 SF warehouse/office space near I-75 in West Chester.
      8922-8938 Beckett Rd, West Chester, OH 45069
      View Details
    • $7 SF/Yr
      27,313 SF

      West Chester Warehouse Space Available

      Sublease warehouse space in West Chester, OH, available now.
      9407-9415 Meridian Way, West Chester, OH 45069
      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.
    6166 Schumacher Park Dr
    West Chester, OH 45069-4802
    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.