Office Condo Near Major
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For Sale
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4874 Wunnenberg Way, West Chester, OH 45069
Office condominium space positioned near established retail, dining, service, and residential activity.
Property Size2,584 SF
Price / SF$176.08
Days on Market7
Property Features for 4874 Wunnenberg Way
General Information
Standard status
Active
Size
2,584 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
North Ridge Realty Group
(513) 860-5050
Listed By:
Marshall Stretch · License #2019006171
(513) 504-8232
Source:
Moodyscre
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 24 at 3:16PM
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 2,584-square-foot office condominium is located at 4874 Wunnenberg Way in West Chester, Ohio. The property offers a dedicated office setting within an established commercial and residential area.
Access is provided from SR 747, with Union Centre nearby and I-75 and I-275 only minutes away. The surrounding area includes a broad mix of retail, food, and service businesses, supporting convenient access to everyday amenities and commercial activity.
Access is provided from SR 747, with Union Centre nearby and I-75 and I-275 only minutes away. The surrounding area includes a broad mix of retail, food, and service businesses, supporting convenient access to everyday amenities and commercial activity.
Key Highlights
- 2,584‑square‑foot office condominium
- Located just off SR 747
- Minutes from I‑75 and I‑275
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
$29,428
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
6.47%
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%
$588,560
$588.6K
Cap Rate 7%
$420,400
$420.4K
Cap Rate 9%
$326,978
$327.0K
Market Conditions
NOI Build-Up for 2,584 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
$53.0K $20.52/SF
− Vacancy
−$13.8K −$5.34/SF
EGI
$39.2K $15.18/SF
− OpEx
−$9.8K −$3.80/SF
NOI
$29.4K $11.39/SF
Area
Butler County, OH
Vacancy
26.00%
Lease Rate
$20.52 /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%
$588,560
Cap Rate 7%
$420,400
Cap Rate 9%
$326,978
Alternative Uses
Best Use
Office B
$420.4K
$367.9K – $490.5K
NOI $29,428 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.9K
$447.1K – $596.1K
NOI $35,764 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 45069, OH
53,694
Population
21,727
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
95%
High-School Grad
29.0 sq mi
ZIP Area
1,852
Density / Sq Mi
$115,539
Median Household Income
$61,747
Median Earnings
$1,585
Median Rent
$314,300
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 units - Office condominium space positioned near established retail, dining, service, and residential activity.
Where is this office units located?
The property is located at 4874 Wunnenberg Way West Chester, OH.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 2,584‑square‑foot office condominium; Located just off SR 747; Minutes from I‑75 and I‑275
