Flex Space with
For Sale
$3,100,000
60 Overbrook Drive, Monroe, OH 45050
Commercial Sale, Monroe, OH
Property Size20,534 SF
Lot Size2.17 Acres
Price / SF$150.97
Days on Market540
Property Features for 60 Overbrook Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Lights
Directions
I-75 to Exit 29 (OH-63 W). West on OH-63, left on Cincinnati Dayton Rd, right on Overbrook Dr. Property on left.
Subdivision
Butler-W18
Standard status
Active
APN
C1800-005.000-091
Size
20,534 SF
Lot size
2.17 Acres
Utilities
Heating system
Central
Building Details
Year built
2005
Flooring type
Carpet
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Luana King · License #2024005617
(866) 212-4991
Added: Apr 16, 2025
Changed: Sep 30
Last Checked: Oct 7 at 2:06AM
MLS# 1839007
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property contains 20,534 SF of commercial space on 2.1678 acres, with improvements dating to 2005. The office component spans 15,599 SF and includes 21 private offices, 4 conference rooms, 2 large main rooms, a breakroom, and a media/computer room. A separate 4,935 SF climate-controlled warehouse provides 2 loading docks and high ceilings. Three industrial-grade generators serve the property, and central heating, carpeting, and exterior lighting are included. The building is zoned commercial and supports both owner-user and investment applications.
The property is in Monroe, OH, near I-75 and the Cincinnati Premium Outlets, Miami Valley Gaming, and major retailers. Its combination of office capacity and warehouse functionality provides a flexible configuration for commercial operations requiring both workspace and storage or distribution areas.
The property is in Monroe, OH, near I-75 and the Cincinnati Premium Outlets, Miami Valley Gaming, and major retailers. Its combination of office capacity and warehouse functionality provides a flexible configuration for commercial operations requiring both workspace and storage or distribution areas.
Key Highlights
- 20,534 SF commercial property on 2.1678 acres
- 15,599 SF office area with 21 private offices and 4 conference rooms
- 4,935 SF climate‑controlled warehouse with 2 loading docks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,854
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
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
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 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 7.54%
Second Best
Warehouse
$2.24M
$1.96M – $2.61M
NOI $156,834 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$4.06M
$3.55M – $4.74M
NOI $284,199 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Well-served
Demand for This Use
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
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?
Flex space - Multi-use commercial property combines private offices, meeting rooms, and a climate-controlled warehouse with loading access.
Where is this flex space located?
The property is located at 60 Overbrook Drive Monroe, OH.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 20,534 SF commercial property on 2.1678 acres; 15,599 SF office area with 21 private offices and 4 conference rooms; 4,935 SF climate‑controlled warehouse with 2 loading docks
