Single-Story Office
For Sale
Contact for pricing
10855 Indeco Dr, Blue Ash, OH 45241
Single-story office building with upgraded interior finishes, off-street parking, and a loading dock.
Property Size4,950 SF
Price / SF$126.26
Days on Market213
Property Features for 10855 Indeco Dr
General Information
Standard status
Active
Size
4,950 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Amenities
upgraded interior finishes
off street parking
loading dock
Building Details
Stories
1
Listing Agency:
NAI Bergman
(513) 769-1700
Listed By:
Mark Freiberg, CCIM · License #SAL.0000360247
(513) 886-3303
Source:
Moodyscre
Added: Feb 11
Changed: Sep 10
Last Checked: Sep 11 at 6:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Bergman
Investment Insights
Based on property information with market context.
Single-story office building offering approximately 4,950 square feet with upgraded interior finishes. The property includes ample off-street parking and a loading dock, supporting day-to-day operations and deliveries. The building was previously used as a CPA firm.
The location provides easy access to highways, making it convenient for employees, clients, and vendors.
This setup supports an office-focused use with dedicated parking and loading capability.
The location provides easy access to highways, making it convenient for employees, clients, and vendors.
This setup supports an office-focused use with dedicated parking and loading capability.
Key Highlights
- 4,950 +/- SF single‑story office building
- Upgraded interior finishes
- Ample off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,590
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,800
$931.8K
Cap Rate 7%
$665,571
$665.6K
Cap Rate 9%
$517,667
$517.7K
Market Conditions
NOI Build-Up for 4,950 SF
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.
Gross rent
$83.2K $16.80/SF
− Vacancy
−$21.0K −$4.25/SF
EGI
$62.1K $12.55/SF
− OpEx
−$15.5K −$3.14/SF
NOI
$46.6K $9.41/SF
Area
Hamilton County, OH
Vacancy
25.30%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,800
Cap Rate 7%
$665,571
Cap Rate 9%
$517,667
Alternative Uses
Best Use
Office B
$665.6K
$582.4K – $776.5K
NOI $46,590 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$887.4K
$776.5K – $1.04M
NOI $62,121 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Explore this area
Business Placement
Demographics for 45241, OH
24,380
Population
11,131
Households
2.2
Avg Household Size
44
Median Age
48%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,393
Density / Sq Mi
$94,943
Median Household Income
$60,857
Median Earnings
$1,137
Median Rent
$292,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with upgraded interior finishes, off-street parking, and a loading dock.
Where is this office building located?
The property is located at 10855 Indeco Dr Blue Ash, OH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4,950 +/- SF single‑story office building; Upgraded interior finishes; Ample off‑street parking
