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Suites i 7908 Cincinnati Dayton Rd

3,120 SF 100% Leased Office Building West Chester, OH 45069 $425,000 ($136/SF) 7.80% Cap Rate

Investment Highlights

  • Faces Cincinnati Dayton Rd!
  • Next to Blondie's and ACE Hardware.
  • Just south of Tylersville
  • Less than 10 minutes from I-75

Executive Summary

Attn investors & business owners! 7.8% cap rate income producing property. Currently 3 leased office condos with 3 tenant spaces (could even be 4) at just shy of% cap rate. Total 3120 SF in building incl 1st floor & lower level. This is a fully leased 1 floor office condo space that also has a finished basement space. There are 3 separate entrances into 3 separate tenant spaces. All 3 units are currently leased. Great opportunity for small business owner to occupy 1-2 spaces and collect rent to offset monthly payment/expenses with rent from other(s). Total rentable space is 3120 SF. Half on 1st floor and half on lower level. Listing agent is landlord and owner.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $47,400 $15.19
Other Income - -
Vacancy Loss - -
Effective Gross Income $47,400 $15.19
Taxes $3,014 $0.97
Operating Expenses $11,232 $3.60
Total Expenses $14,246 $4.57
Net Operating Income $33,154 $10.63

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $47,400
Annual Per SF $15.19
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $47,400
Annual Per SF $15.19
Taxes
Annual $3,014
Annual Per SF $0.97
Operating Expenses
Annual $11,232
Annual Per SF $3.60
Total Expenses
Annual $14,246
Annual Per SF $4.57
Net Operating Income
Annual $33,154
Annual Per SF $10.63

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
3,120 SF
Building Class
C
Year Built
1986
Price
$425,000
Price Per SF
$136
Cap Rate
7.80%
NOI
$33,154
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
650 SF
Building FAR
0.48
Lot Size
0.15 AC
Zoning
Commercial - Office building complex zoned commercial.
Parking
20 Spaces (7.4 Spaces per 1,000 SF Leased)

Amenities

  • Skylights
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • M5640-276-000-005
  • M5640-276-000-007
  • M5640-276-000-006
Land Assessment
$21,000
Improvements Assessment
$114,660
Total Assessment
$135,660
Annual Taxes
$3,014 ($0.97/SF)
Tax Year
2024
  • Listing ID: 31140409

  • Date on Market: 3/6/2024

  • Last Updated:

  • Address: 7908 Cincinnati Dayton Rd, West Chester, OH 45069

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