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    Property profile & analytics

    6640 State Rte 29 West Jefferson, OH 43162-8700

    • Office properties & Spaces
    • 32,422 SF
    • 15.00 lot acres
    OFF-MARKET
    Value Estimations
    $3,845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2964342
    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

    • Office properties & Spaces

    Property Details for 6640 State Rte 29

    Year built
    2013
    Lot size
    15.00 lot acres
    Property size
    32,422 SF
    Property type
    Office properties & Spaces
    APN
    10-01998.001
    APU
    1001998001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,470,000
      6.5%
      $5,050,000
      7%
      $4,690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,077,000
      Market price range: $1.64M - $5.14M
      AI Estimate
      $2,401,000
      Market price range: $832k - $3.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Jefferson
    County
    Madison
    State
    Ohio
    Longitude
    -83.3109
    Latitude
    39.9476
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH 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
    $0.00
    $128,360
    $641,900
    $770,260
    -
    $366,730
    $1,833,990
    $2,200,720

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      Middle Park

      OFFICE (GENERAL) • 0.08 Acres
      Middle Park, West Jefferson, OH 43162
      View Details
    • Value Estimation by Request
      1.23 Acres

      1885 Us Hwy 42

      OFFICE (GENERAL) • 1.23 Acres
      1885 Us Hwy 42, West Jefferson, OH 43162
      View Details
    • Value Estimation by Request
      0.79 Acres

      18 Walker Way

      OFFICE (GENERAL) • 0.79 Acres
      18 Walker Way, West Jefferson, OH 43162
      View Details
    • Value Estimation by Request
      3,264 SF

      155 Ss St

      OFFICE (GENERAL) • 3,264 SF
      155 Ss St, West Jefferson, OH 43162-1570
      View Details
    • Value Estimation by Request
      4,176 SF

      62 Main St

      OFFICE (GENERAL) • 4,176 SF
      62 Main St, West Jefferson, OH 43162-1204
      View Details
    • Value Estimation by Request
      2,736 SF

      8320 Morgan Rd

      OFFICE (GENERAL) • 2,736 SF
      8320 Morgan Rd, West Jefferson, OH 43162-9413
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,090,000 SF

      Prime West Jefferson Industrial/Office

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      55.00 Acres

      I-70 & US-42 Industrial Land

      Prime Ohio industrial land, build-to-suit
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      Vacant Land East of Jefferson

      Approximately 2.1 acres of vacant land for sale.
      9640 Us Highway 40, West Jefferson, OH 43162
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      West Jefferson Commercial Land Available

      Commercial and industrial land with tax abatement and utilities.
      Walker Way, West Jefferson, OH 43162
      View Details
    • $265,000
      3,281 SF

      Commercial Building with Parking Lot

      Commercial building for sale in high-visibility location with parking.
      74 E Main St, West Jefferson, OH 43162
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    • $3,200,000

      Prime West Jefferson Land Development

      140-unit condo development, ready to build.
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    Similar Nearby for Lease

    • Contact for pricing
      789,630 SF

      Prime Industrial Land for Lease

      Industrial land with tax abatement and highway access available for lease.
      4580 Us Highway 40, West Jefferson, OH 43162
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    • Contact for pricing
      343,500 SF

      Industrial Warehouse Space Available

      Class A warehouse space for lease in West Jefferson, OH.
      Us Highway 40, West Jefferson, OH 43162
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    • Contact for pricing
      832,600 SF

      Modern Distribution Warehouse in West Jefferson

      832,600 SF warehouse space available for lease.
      1020 Enterprise Pkwy, West Jefferson, OH 43162
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    • Contact for pricing
      1,841,747 SF

      West Jefferson Logistics Center Space

      Large distribution center space near major transportation routes.
      1025 Enterprise Pkwy S, West Jefferson, OH 43162
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    • Contact for pricing
      1,686 SF

      Retail Space on Main Street

      Retail spaces available in West Jefferson with high visibility.
      229-275 E Main St, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      789,630 SF

      West Jefferson Industrial Build-to-Suit

      47-acre pad-ready site, build-to-suit opportunity.
      46 Commerce Pkwy, West Jefferson, OH 43162
      View Details
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    6640 State Rte 29
    West Jefferson, OH 43162-8700
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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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