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

    9244 Floer Dr West Chester, OH 45069-6732

    • Turn key restaurants
    • 1,790 SF
    • 1.06 lot acres
    OFF-MARKET
    Last Sale
    Aug 28, 2020
    $1,235,000
    Value Estimations
    $805,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2594790
    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

    • Turn key restaurants

    Property Details for 9244 Floer Dr

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    1.06 lot acres
    Property size
    1,790 SF
    Property type
    Turn key restaurants
    APN
    M5610-032.000-085
    APU
    M5610032000085

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $757,000
      Market price range: $114k - $757k

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

    Location Insight

    • Map
    • Local Demand
    City
    West Chester
    County
    Butler
    State
    Ohio
    Longitude
    -84.4299
    Latitude
    39.323
    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
    $12,855
    $111,510
    $100,900
    $212,410
    -
    $318,600
    $288,290
    $606,890

    Comparable in this City

    • Value Estimation
      $205,000
      11,105 SF

      5980 Chester Rd

      RESTAURANT • 11,105 SF
      5980 Chester Rd, West Chester, OH 45069-2906
      View Details
    • Value Estimation
      $250,000
      6,030 SF

      9243 Schulze Dr

      RESTAURANT • 6,030 SF
      9243 Schulze Dr, West Chester, OH 45069-6528
      View Details
    • Value Estimation
      $285,000
      4,590 SF

      9403 Civic Ctr Blvd

      RESTAURANT • 4,590 SF
      9403 Civic Ctr Blvd, West Chester, OH 45069-7143
      View Details
    • Value Estimation
      $1,475,000
      9,207 SF

      7656 Cox Ln

      RESTAURANT • 9,207 SF
      7656 Cox Ln, West Chester, OH 45069-6547
      View Details
    • Value Estimation
      $310,000
      6,560 SF

      9238 Floer Dr

      RESTAURANT • 6,560 SF
      9238 Floer Dr, West Chester, OH 45069-6732
      View Details
    • Value Estimation
      $370,000
      6,896 SF

      7866 Tylersville Sq Dr

      RESTAURANT • 6,896 SF
      7866 Tylersville Sq Dr, West Chester, OH 45069-4688
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,488 SF

      The Oaks at Wetherington: Restaurant & Office Space

      Prime West Chester Retail Opportunity: Lease or Build-to-Suit
      0 Liberty Way & Tylers Pl Blvd, Wetherington, OH 45069
      View Details
    • $1,450,000
      4,468 SF

      West Chester Freestanding Restaurant Opportunity

      Freestanding restaurant near I-75 and major retail.
      9403 Civic Centre Blvd, West Chester, OH 45069
      View Details
    • $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
      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
      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

    Similar Nearby for Lease

    • Contact for pricing
      1,260 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease in West Chester, OH.
      4887 Smith Rd, West Chester, OH 45069
      View Details
    • Contact for pricing
      1 SF

      West Chester Retail Outlot Pads

      Prime Retail Land, Two Spaces Available
      0 Trailside Dr & Cabela Dr, Wetherington, OH 45069
      View Details
    • Contact for pricing
      6,896 SF

      Freestanding Restaurant at Signalized Intersection

      Freestanding restaurant in Lowe’s-anchored development, high-traffic location.
      7866 Tylersville Square Dr, West Chester, OH 45069
      View Details
    • Contact for pricing
      8,050 SF

      The Oaks at Wetherington Retail Space

      Prime West Chester Retail Opportunity
      0 Liberty Way & Tylers Pl Blvd, Wetherington, OH 45069
      View Details
    • $15 SF/Yr
      148,436 SF

      Union Centre Pavilion Retail Space

      West Chester, OH retail spaces available.
      4842-4978 Un Ctr Pavilion Dr, Beckett Ridge, OH 45069
      View Details
    • $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
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    West Chester, OH 45069-6732
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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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