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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6228 Ctr Park Dr West Chester, OH 45069-4825

    • Showrooms
    • 26,802 SF
    • 1.44 lot acres
    OFF-MARKET
    Value Estimations
    $1,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5934920
    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

    • Showrooms

    Property Details for 6228 Ctr Park Dr

    Year built
    1989
    Lot size
    1.44 lot acres
    Property size
    26,802 SF
    Property type
    Showrooms
    APN
    M5620-282.000-018
    APU
    M5620282000018

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,500,000
      6.5%
      $1,385,000
      7%
      $1,285,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,331,000
      Market price range: $736k - $3.76M
      AI Estimate
      $1,022,000
      Market price range: $593k - $2.86M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,805,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Butler
    State
    Ohio
    Longitude
    -84.4188
    Latitude
    39.3044
    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
    $16,131
    $32,570
    $233,960
    $266,530
    -
    $93,050
    $668,460
    $761,510

    Comparable in this City

    • Value Estimation
      $18,825,000
      291,037 SF

      5443 Chester Rd

      SHOW ROOM, WAREHOUSE • 291,037 SF
      5443 Chester Rd, West Chester, OH 45069
      View Details
    • Value Estimation
      $690,000
      15,000 SF

      6757 Lakota Hls Dr

      SHOW ROOM, WAREHOUSE • 15,000 SF
      6757 Lakota Hls Dr, West Chester, OH 45069
      View Details
    • Value Estimation
      $1,330,000
      17,540 SF

      9933 Cincinnati Dayton Rd

      SHOW ROOM, WAREHOUSE • 17,540 SF
      9933 Cincinnati Dayton Rd, West Chester, OH 45069-3823
      View Details
    • Value Estimation
      $3,995,000
      57,814 SF

      9669 Cincinnati Dayton Rd

      SHOW ROOM, WAREHOUSE • 57,814 SF
      9669 Cincinnati Dayton Rd, West Chester, OH 45069
      View Details
    • Value Estimation
      $1,145,000
      22,200 SF

      6871 Lakota Plz Dr

      SHOW ROOM, WAREHOUSE • 22,200 SF
      6871 Lakota Plz Dr, West Chester, OH 45069-6008
      View Details
    • Value Estimation by Request
      7,540 SF

      8131 Regal Ln

      SHOW ROOM, WAREHOUSE • 7,540 SF
      8131 Regal Ln, West Chester, OH 45069-3529
      View Details

    Similar Nearby for Sale

    • $1,395,000
      8,600 SF

      West Chester Retail/Medical Space

      8,600 SF retail or medical space in West Chester.
      9228 Centre Pointe Dr, West Chester, OH 45069
      View Details
    • Contact for pricing

      West Chester Commercial Space Available

      Prime commercial space for lease in West Chester, Ohio.
      9319 Cincinnati Columbus Rd, West Chester, OH 45069
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    • $420,000
      3,510 SF

      Retail Property in Prime Location

      Retail property on 1.36 acres, zoned for business.
      8523 Cincinnati Columbus Rd, West Chester, OH 45069
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    • Contact for pricing
      9,000 SF

      Office/Retail Space Near Costco

      5,600 SF office/retail space in Liberty Township, Butler County.
      | Veterans Blvd. Office Veterans Blvd @ Loomis Ln, Liberty Township, OH 45069
      View Details
    • $590,000
      3,510 SF

      West Chester Retail Property - $590K

      High-visibility storefront, daycare potential.
      8523 Cincinnati Columbus Rd, West Chester, OH 45069
      View Details
    • Contact for pricing
      4,385 SF

      Wetherington Retail Space - 4,385 SF

      Prime Retail Space, Drive-Thru Available
      7237 Cincinnati Dayton Rd, Wetherington, OH 45069
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      4,960 SF

      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
    • $32 SF/Yr
      5,000 SF

      Retail Space with Highway Frontage

      5,000 SF retail space with ample parking and signage.
      9464 Civic Centre Blvd, West Chester, OH 45069
      View Details
    • $17 SF/Yr
      2,015 SF

      Retail Space Near I-75

      Retail space in growing Cincinnati community near I-75.
      8201-8218 Highland Pointe Dr, West Chester, OH 45069
      View Details
    • $25 SF/Yr
      15,376 SF

      Retail Space Near I-75

      Retail space in West Chester near I-75 available for lease.
      9324 Union Centre Blvd, Hamilton, OH 45069
      View Details
    • $15 SF/Yr
      3,426 SF

      Retail/Medical Space Available

      3,426 SF space ideal for medical support services.
      7719 Tylers Place Blvd, West Chester, OH 45069
      View Details
    • $16 SF/Yr
      50,000 SF

      Retail Spaces Available for Lease

      Retail spaces available with immediate occupancy and high visibility.
      4842-4978 Union Centre Pavilion Dr, West Chester, OH 45069
      View Details
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    6228 Ctr Park Dr
    West Chester, OH 45069-4825
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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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