Renovated Office
For Sale
Contact for pricing
3530 Irwin Simpson Rd, Maineville, OH 45040
Professional management and abundant surface parking support a practical office setting.
Property Size10,400 SF
Days on Market121
Property Features for 3530 Irwin Simpson Rd
General Information
Standard status
Active
Size
10,400 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1986
Year Renovated
2021
Listing Agency:
Republic Commercial Real Estat
Listed By:
Nicholas D Barela
(513) 549-0090
Source:
Exprealty
Added: Jun 18
Changed: Sep 14
Last Checked: Oct 15 at 3:06AM
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 Republic Commercial Real Estat
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office-unit property provides 5,020 SF of available space within a 10,400 SF building. Originally constructed in 1986, the property received renovations in 2017 and 2021. Professional property management is in place, and surface parking is available without structured parking fees.
The property at 3530 Irwin Simpson Rd in Maineville offers direct access to Montgomery Road (SR 741) and is minutes from the I-71 interchange. Columbia Elementary School is adjacent to the site. Deerfield Township has no local earnings tax, adding a notable operating consideration for businesses and employees.
The property at 3530 Irwin Simpson Rd in Maineville offers direct access to Montgomery Road (SR 741) and is minutes from the I-71 interchange. Columbia Elementary School is adjacent to the site. Deerfield Township has no local earnings tax, adding a notable operating consideration for businesses and employees.
Key Highlights
- 5,020 SF of available office space
- 10,400 SF building originally built in 1986
- Renovations completed in 2017 and 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,578
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,560
$2.7M
Cap Rate 7%
$1,922,543
$1.9M
Cap Rate 9%
$1,495,311
$1.5M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$197.2K $18.96/SF
− Vacancy
−$17.7K −$1.71/SF
EGI
$179.4K $17.25/SF
− OpEx
−$44.9K −$4.31/SF
NOI
$134.6K $12.94/SF
Area
Warren County, OH
Vacancy
9.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,691,560
Cap Rate 7%
$1,922,543
Cap Rate 9%
$1,495,311
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,578 @ 7.0% cap · market cap 13,457,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,609 @ 7.0% cap · market cap 16,260,900.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 45040, OH
57,153
Population
21,977
Households
2.6
Avg Household Size
40
Median Age
65%
College-Educated
98%
High-School Grad
28.5 sq mi
ZIP Area
2,005
Density / Sq Mi
$131,803
Median Household Income
$68,422
Median Earnings
$1,691
Median Rent
$403,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Professional management and abundant surface parking support a practical office setting.
Where is this office units located?
The property is located at 3530 Irwin Simpson Rd Maineville, OH.
What are key features of this property?
This property features: 5,020 SF of available office space; 10,400 SF building originally built in 1986; Renovations completed in 2017 and 2021
