West Chester Retail/Office
For Sale
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8786 Cincinnati Dayton, West Chester, OH
1,851+ SF retail or office space in West Chester, OH.
Property Size1,851 SF
Lot Size0.32 Acres
Price / SF$135.06
Days on Market2433
Property Features for 8786 Cincinnati Dayton
General Information
Standard status
Active
Size
1,851 SF
Lot size
0.32 Acres
Property subtype
RETAIL
Listing Agency:
North Ridge Realty Group
(513) 860-5050
Listed By:
John Stretch · License #2008004113
(513) 623-6505
Source:
Moodyscre
Added: Jan 14, 2020
Changed: Sep 10
Last Checked: Sep 11 at 10:24AM
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 North Ridge Realty Group
Investment Insights
Based on property information with market context.
This property offers 1,851+ square feet of retail or office space. The location is just minutes from Union Centre and I-75, situated in the Olde West Chester retail district. The property benefits from high visibility. Zoned B-1, it can be used commercially or with a residential component. A lower level and over-sized garage provide additional usable areas. Nearby national retailers include Panera, Starbucks, Topgolf, Bravo, Barnes & Noble, Chipotle, and Ikea.
Key Highlights
- Zoned B‑1 offering flexibility for commercial or residential ventures.
- High visibility location in the desirable Olde West Chester retail district.
- 1,851+ SF of retail or office space.
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
$19,899
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
7.96%
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%
$397,980
$398.0K
Cap Rate 7%
$284,271
$284.3K
Cap Rate 9%
$221,100
$221.1K
Market Conditions
NOI Build-Up for 1,851 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
$30.0K $16.20/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$28.4K $15.36/SF
− OpEx
−$8.5K −$4.61/SF
NOI
$19.9K $10.75/SF
Area
Hamilton County, OH
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$397,980
Cap Rate 7%
$284,271
Cap Rate 9%
$221,100
Alternative Uses
Best Use
Retail
$284.3K
$248.7K – $331.7K
NOI $19,899 @ 7.0% cap · market cap 7.96%
Second Best
Office B
$248.9K
$217.8K – $290.4K
NOI $17,422 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$331.8K
$290.4K – $387.2K
NOI $23,229 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
222
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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?
Retail space - 1,851+ SF retail or office space in West Chester, OH.
Where is this retail space located?
The property is located at 8786 Cincinnati Dayton West Chester, OH.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Zoned B‑1 offering flexibility for commercial or residential ventures.; High visibility location in the desirable Olde West Chester retail district.; 1,851+ SF of retail or office space.
