Office Condo Suite with Multiple
7655 Five Mile Road Anderson Twp, OH 45230
For Sale
$399,900
COMMERCIAL - Anderson Twp, OH
Property Size1,856 SF
Lot Size1.66 Acres
Price / SF$215.46
Days on Market15
Property Features for 7655 Five Mile Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 500-0204-0103-00
- Lot size
- 1.66 Acres
Utilities
- Heating system
- Forced Air, Electric (Heating)
Building Details
- Year built
- 1986
- Flooring type
- Carpet
- Building materials
- Stucco
Listing Agency:
RE/MAX Preferred Group
(513) 574-0600
Listed By:
Joe Knab · License #0000267085
(513) 533-4111
Added: Jul 10
Changed: Jul 13
Last Checked: Jul 24 at 2:06AM
MLS# 1886408
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained office suite offers a layout with eight offices plus a lobby and shared common area. Additional included storage consists of a 144 SF storage space and a separate 100 SF storage space.
The building provides four access areas. Condo fees are $796.84 per month and cover exterior building maintenance and insurance, along with common interior hallways, cleaning, painting, landscaping, snow removal, parking lot care, and water and sewer services. The property is located in Anderson Twp, Ohio (Hamilton County).
The building provides four access areas. Condo fees are $796.84 per month and cover exterior building maintenance and insurance, along with common interior hallways, cleaning, painting, landscaping, snow removal, parking lot care, and water and sewer services. The property is located in Anderson Twp, Ohio (Hamilton County).
Key Highlights
- 1,856 SF office suite with 8 offices plus lobby and common area
- Condo fees are $796.84 per month
- Built in 1986; construction materials include stucco
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.3k | $20.64 |
| − Vacancy | −$8.8k | −$4.73 |
| EGI | $29.5k | $15.91 |
| − OpEx | −$7.4k | −$3.98 |
| NOI | $22.2k | $11.94 |
1,856 SF · lease $20.64/SF/yr · vacancy 22.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$316.5K
$276.9K – $369.2K
NOI $22,152 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.9K
$322.8K – $430.4K
NOI $25,826 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Elizabeth Osterday Strange
Dental Office
Kelley Kirwan
Pediatrician
Ronald Poulos
Dental Office
Roger Giesel
Pediatrician
Teresa Zeiser
Physician
FAQs
What type of property is this?
Office units - Office suite with eight offices, lobby and common area, plus two storage spaces in a well-maintained building.
Where is this office units located?
The property is located at 7655 Five Mile Road Anderson Twp, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,856 SF office suite with 8 offices plus lobby and common area; Condo fees are $796.84 per month; Built in 1986; construction materials include stucco
