New search
Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Garden apartment buildings
8197 Meeting St, West Chester, OH 45069-5119
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-2373908
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1989
Total area
7,228 SF
Lot
19.19 ac (835,916 SF)
APN
M5620-146.000-006
UPID
US66-2373908
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$585k
Owner & transaction history
Union Station West Chester Apa · 10 yrs held
Union Station West Chester Apa
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$820,000
+129.8%
Neighborhood: shopping center
$800,000
+124.3%
Auto repair, garage
$750,000
+111.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chester submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$355,000
Current use
MEDICAL BUILDING
$820,000
Change: +130% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +111% · Conversion: Difficult
OFFICE BUILDING
$645,000
Change: +81% · Conversion: Moderate
COMMERCIAL (GENERAL)
$575,000
Change: +61% · Conversion: Moderate
RETAIL STORES
$485,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,178
Tax year 2023
Assessed value
$4,174,340
Assessed 2023
Previous assessed
$4,174,340
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$833,000
Assessed improvement
$3,341,340
Land market value
$2,380,000
Improvement market value
$9,546,680
Total market value
$11,926,680
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1989
Heating
HOT WATER
Cooling
CENTRAL
Buildings
22
Stories
2
Units
6
Bathrooms
61
Total area
7,228 SF
Lot
19.19 ac (835,916 SF)
APN
M5620-146.000-006
UPID
US66-2373908
Jurisdiction
BUTLER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$355,000
MEDICAL BUILDING
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$750,000
OFFICE BUILDING
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$575,000
RETAIL STORES
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
22
Units
6
Bathrooms
61
Lot
19.19 ac
Current owner
From public records · entity-resolved
Union Station West Chester Apa
Individual
Mailing address
1055 SAINT PAUL PL, CINCINNATI, OH 45202-6042
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2016
—
Union Station West Chester Apa
Union Station Of Westchester L
Quit Claim Deed
—
May 27, 2011
—
Union Station Of Westchester LLC
—
Deed Of Trust
related
$17,660,000 · Jackson National Life Ins Co
—
—
Union Station W Chester Apts O
—
Deed Of Trust
related
$37,949,000 · Walker & Dunlop
—
—
Union Station West Chester Apa
—
Deed Of Trust
related
$28,600,000 · Bellwether Ent R/e Cap
—
—
Union Station Of Westchester LLC
—
Deed Of Trust
related
$18,900,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8197 Meeting St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
