Move-In-Ready Office
New
For Sale
$299,000
5966 Boymel Drive Unit 1B, Fairfield, OH 45014
Versatile professional workspace with ADA compliance, parking, updated HVAC, and convenient access to area businesses and services.
Property Size2,642 SF
Price / SF$269.86
Days on Market2
Property Features for 5966 Boymel Drive Unit 1B
General Information
Standard status
Active
Size
2,642 SF
Class
B
Property subtype
Office - General Office
Additional Details
Highway Access
Yes
Building Details
Building Size
2,642 SF
Buildings
1
Listing Agency:
NAI Bergman
(513) 823-0068
Listed By:
Hayden Batchelor · License #SAL.2021004901
Source:
Commercialcafe
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 6:29AM
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.
Office Unit 1B at 5966 Boymel Drive provides a move-in-ready workspace for professional office use. The property includes a functional layout, full ADA compliance, ample parking, a new HVAC system, and upgraded internet infrastructure.
The office is positioned along a busy Fairfield corridor near Dixie Highway, with approximately 32,000 CPD. It sits across from a shopping center and near Mercy Fairfield Hospital, restaurants, and other businesses. Major highway connections are readily accessible, supporting convenient travel for employees and visitors.
The office is positioned along a busy Fairfield corridor near Dixie Highway, with approximately 32,000 CPD. It sits across from a shopping center and near Mercy Fairfield Hospital, restaurants, and other businesses. Major highway connections are readily accessible, supporting convenient travel for employees and visitors.
Key Highlights
- Move‑in‑ready office unit with a versatile professional workspace
- Approximately 32,000 CPD along busy Dixie Highway
- Full ADA compliance and ample 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
$12,619
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
4.22%
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%
$252,380
$252.4K
Cap Rate 7%
$180,271
$180.3K
Cap Rate 9%
$140,211
$140.2K
Market Conditions
NOI Build-Up for 1,108 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
$22.7K $20.52/SF
− Vacancy
−$5.9K −$5.34/SF
EGI
$16.8K $15.18/SF
− OpEx
−$4.2K −$3.80/SF
NOI
$12.6K $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%
$252,380
Cap Rate 7%
$180,271
Cap Rate 9%
$140,211
Alternative Uses
Best Use
Office B
$180.3K
$157.7K – $210.3K
NOI $12,619 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.1K
$191.7K – $255.6K
NOI $15,335 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 45014, OH
46,169
Population
19,926
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
22.6 sq mi
ZIP Area
2,043
Density / Sq Mi
$69,624
Median Household Income
$44,611
Median Earnings
$1,145
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Versatile professional workspace with ADA compliance, parking, updated HVAC, and convenient access to area businesses and services.
Where is this office units located?
The property is located at 5966 Boymel Drive Unit 1B Fairfield, OH.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Move‑in‑ready office unit with a versatile professional workspace; Approximately 32,000 CPD along busy Dixie Highway; Full ADA compliance and ample parking
