Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4240 Irwin Simpson Rd Mason, OH 45040

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $6 SF/Yr

    75,000 SF industrial space with heavy power and parking.

    Property size:
    75,000 SF
    Lot size:
    75,000 SF

    Property Features for 4240 Irwin Simpson Rd

    General Information

    Standard status
    Active
    Size
    75,000 SF

    We can help!

    Listing Contact
    John Schenk
    Source: Cbre

    Listing Agent: John Schenk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    75,000 SF Industrial Space Available

    This 75,000 SF building offers a full building availability. The space includes 17,758 SF of office space and a warehouse portion with 100% HVAC coverage and anti-static flooring in a section. The property features heavy power, with 3,000 amp, 480/277-volt, 3-phase, 4-wire electric service, and ample parking with approximately 208 spaces. The warehouse includes five dock doors, two of which are equipped with levelers, and one drive-in door measuring 12’ x 14’. The column spacing is 45’ x 45’, and the clear height is 24’. Electric drops are located throughout the warehouse. The master lease expires January 31, 2030.
    Location Intelligence

    Current Use by Public Records

    Workhorse Aero Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mason
    County
    Warren
    State
    Ohio
    Longitude
    -84.301764
    Latitude
    39.311762

    Nearby Similar for Lease

    • Contact for pricing
      6,462 SF

      Premier Office Space in Mason

      Modern office building with amenities and convenient highway access.
      5181-5191 Natorp Blvd, Mason, OH 45040
      View Details
    • $12 SF/Yr
      76,287 SF

      Professional Office Space in Mason

      Office suites available in well-maintained Governor's Pointe Office Campus.
      4900 Parkway Dr, Mason, OH 45040
      View Details
    • Contact for pricing
      10,783 SF

      Retail/Restaurant Space with Patio Seating

      Retail and restaurant spaces available with ample patio seating.
      5177 Parkway Dr, Mason, OH 45040
      View Details
    • Contact for pricing
      30,799 SF

      Spacious Office Building with Amenities

      40-acre campus with cafeteria, plaza, and abundant parking.
      4000 Luxottica Pl, Mason, OH 45040
      View Details
    • $10 SF/Yr
      60,575 SF

      Mason Office Space For Lease

      Office space in Mason, OH, with easy highway access.
      7288 Central Parke Blvd, Mason, OH 45040
      View Details
    • $19 SF/Yr
      2,800 SF

      Mason Medical Office Space For Lease

      Prime Mason location, 2800 sq ft available.
      4200 Aero Dr, Mason, OH 45040
      View Details
    • $18 SF/Yr
      1,670 SF

      Retail Space in High-Growth Corridor

      Retail spaces available in a busy, high-visibility Mason location.
      6172-6212 Tylersville Rd, Mason, OH 45040
      View Details
    • $18 SF/Yr
      11,954 SF

      Kings Mall: Prime Retail Space

      Mason, Ohio Shopping Center - 11,954 SF Available
      4744 Fld Ertel Rd, Mason, OH 45040
      View Details
    • Contact for pricing
      469,440 SF

      Deerfield Towne Center Retail Space

      Mason, Ohio Shopping Center For Lease
      0 Deerfield Blvd & Mason Montgomery Rd, Mason, OH 45040
      View Details
    • $18 SF/Yr
      18,142 SF

      Mason Executive Office Suites

      Prestigious Office Space Available Now
      5939 Deerfield Blvd, Mason, OH 45040
      View Details
    • $12 SF/Yr
      23,780 SF

      Prime Warren County Flex Space

      23,780 SF Industrial Building, Single Tenant
      6215 Hi Tek Ct, Mason, OH 45040
      View Details
    • $22 SF/Yr
      12,000 SF

      Tylersville Road Retail Space

      Mason, OH: Prime Retail Opportunity
      6360 Tylersville Rd, Mason, OH 45040
      View Details

    FAQs

    What type of property is this?
    Warehouse - 75,000 SF industrial space with heavy power and parking.
    Where is this warehouse located?
    The property is located at 4240 Irwin Simpson Rd Mason, OH.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - 75,000 SF Full Building Availability; - Benefit from Heavy Power: 3,000 amp, 480/277- volt, 3-phase, 4-wire electric service; - Enjoy 100% HVAC throughout
    (513) 470-5155
    Request Owner's contact information
    4240 Irwin Simpson Rd Mason, OH 45040
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4240 Irwin Simpson Rd
    Mason, OH 45040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4240 Irwin Simpson Rd Mason, OH 45040
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Schenk
    (513) 470-5155
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.