Monroe Multi-Use Commercial
For Sale
Contact for pricing
60 Overbrook Court, Monroe, OH 45050
20,534 SF multi-use commercial space on 2.1678 acres.
Property Size20,534 SF
Lot Size2.17 Acres
Price / SF$165.53
Days on Market456
Property Features for 60 Overbrook Court
General Information
Standard status
Active
Size
20,534 SF
Class
B
Total Parking Spaces
100
Lot size
2.17 Acres
Property subtype
Retail, Office, Mixed Use
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2005
Stories
1
Units
1
Listing Agency:
eXp Realty
(866) 212-4991
Listed By:
Luana King · License #2024005617
Source:
Crexi
Added: May 14, 2025
Changed: Aug 8
Last Checked: Aug 11 at 12:40PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This multi-use commercial property in Monroe, OH, presents an opportunity for owner-users or investors. Constructed in 2005, the property offers 20,534 square feet of space on a 2.1678-acre lot. The building includes 15,599 square feet of open-concept office space, featuring 21 private offices, 4 conference rooms, 2 large main rooms, a breakroom, and a media/computer room. Additionally, there is a 4,935 square-foot climate-controlled warehouse with 2 loading docks and high ceilings. The property is equipped with three industrial-grade generators. Zoned commercial, the property provides ample parking. Its location offers high visibility and is situated near Cincinnati Premium Outlets, Miami Valley Gaming, and major retailers, with convenient access to I-75. This property is designed for flexibility and immediate occupancy, presenting a turnkey solution for businesses seeking growth.
Key Highlights
- High‑visibility location minutes from I‑75 and major attractions like Cincinnati Premium Outlets and Miami Valley Gaming.
- 20,534 SF multi‑use commercial space on 2.1678 acres suitable for owner‑user or investment.
- Includes 15,599 SF of open‑concept office space with private offices, conference rooms, and breakroom.
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
$233,854
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
6.88%
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%
$4,677,080
$4.7M
Cap Rate 7%
$3,340,771
$3.3M
Cap Rate 9%
$2,598,378
$2.6M
Market Conditions
NOI Build-Up for 20,534 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
$421.4K $20.52/SF
− Vacancy
−$109.6K −$5.34/SF
EGI
$311.8K $15.18/SF
− OpEx
−$78.0K −$3.80/SF
NOI
$233.9K $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%
$4,677,080
Cap Rate 7%
$3,340,771
Cap Rate 9%
$2,598,378
Alternative Uses
Best Use
Office B
$3.34M
$2.92M – $3.90M
NOI $233,854 @ 7.0% cap · market cap 6.88%
Second Best
Warehouse
$2.24M
$1.96M – $2.61M
NOI $156,834 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$4.06M
$3.55M – $4.74M
NOI $284,199 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 45050, OH
12,173
Population
4,395
Households
2.8
Avg Household Size
38
Median Age
42%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
1,449
Density / Sq Mi
$104,519
Median Household Income
$53,785
Median Earnings
$1,519
Median Rent
$273,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - 20,534 SF multi-use commercial space on 2.1678 acres.
Where is this mixed-use property located?
The property is located at 60 Overbrook Court Monroe, OH.
What is the asking price?
The asking price for this property is $3,399,000.
What are key features of this property?
This property features: High‑visibility location minutes from I‑75 and major attractions like Cincinnati Premium Outlets and Miami Valley Gaming.; 20,534 SF multi‑use commercial space on 2.1678 acres suitable for owner‑user or investment.; Includes 15,599 SF of **open‑concept office space** with private offices, conference rooms, and breakroom.
