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    847 W State St Trenton, OH 45067

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    847 W State St Trenton, OH 45067

    View on Map
    • Strip malls
    • 4,979 SF
    • 1.15 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Retail Space in Busy Center For Lease
    $15 SF/Yr
    1,450 SF

    Retail Space in Busy Center

    Retail space available for lease in a busy retail center.

    847 W State St, Trenton, OH
    View Listing
    Property ID
    US66-1313318
    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.
    Value Estimations
    $850,000
    Cap Rate Potential
    8.5%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • H&R Block / Tax Preparation

    Property Details for 847 W State St

    Year built
    1985
    Lot size
    1.15 lot acres
    Property size
    4,979 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    R8000-031.000-121
    APU
    R8000031000121

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $875,000
      6.5%
      $805,000
      7%
      $750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $934,000
      Market price range: $148k - $934k

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

    Location Insight

    • Map
    • Local Demand
    City
    Trenton
    County
    Butler
    State
    Ohio
    Longitude
    -84.4728
    Latitude
    39.4802
    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
    $11,095
    $96,100
    $101,150
    $197,250
    -
    $274,560
    $289,000
    $563,560

    Comparable in this City

    • Value Estimation by Request
      1.31 Acres

      715 State St

      SHOPPING CENTER, STRIP CENTER • 1.31 Acres
      715 State St, Trenton, OH 45067-1546
      View Details
    • Value Estimation
      $805,000
      10,120 SF

      705 State St

      SHOPPING CENTER, STRIP CENTER • 10,120 SF
      705 State St, Trenton, OH 45067-1546
      View Details
    • Value Estimation
      $1,155,000
      11,469 SF

      917 State St

      SHOPPING CENTER, STRIP CENTER • 11,469 SF
      917 State St, Trenton, OH 45067-9690
      View Details
    • Value Estimation
      $1,450,000
      14,544 SF

      932 State St

      SHOPPING CENTER, STRIP CENTER • 14,544 SF
      932 State St, Trenton, OH 45067-9832
      View Details
    • Value Estimation
      $1,260,000
      4,755 SF

      835 State St

      SHOPPING CENTER, STRIP CENTER • 4,755 SF
      835 State St, Trenton, OH 45067-9777
      View Details
    • Value Estimation by Request
      0.21 Acres

      State St

      FINANCIAL BUILDING • 0.21 Acres
      State St, Trenton, OH 45067
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property in Trenton, OH

      Retail property available for sale in Trenton, Ohio.
      4 E State St, Trenton, OH 45067
      View Details
    • $4,400,000

      Industrial Property with Cranes, Docks

      Industrial complex featuring multiple buildings, cranes, docks, and drive-ins.
      400 E State St, Trenton, OH 45067
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    • Contact for pricing
      10 SF

      Commercial Outlots on West State

      Commercial outlots with access and visibility on West State.
      West State St, Trenton, OH 45067
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    • Contact for pricing
      114,744 SF

      Trenton, OH Warehouse For Sale

      114,744 SF warehouse/industrial property available for purchase.
      400 E State St, Trenton, OH 45067
      View Details
    • $495,700
      3,206 SF

      Renovated Office Condo in Trenton

      3,206 SF renovated office condo for sale or lease.
      304 Edgewood Dr, Trenton, OH 45067
      View Details
    • $434,947
      17,862 SF

      Development Land For Sale

      Commercial land available for development in Trenton, OH.
      703 W State St, Trenton, OH 45067
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,450 SF

      Retail Space in Busy Center

      Retail space available for lease in a busy retail center.
      847 W State St, Trenton, OH 45067
      View Details
    • Contact for pricing

      Commercial Land for Lease

      High-growth area with planned traffic signal near schools.
      712 W State St, Trenton, OH 45067
      View Details
    View Listing
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    Trenton, OH 45067
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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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