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    Office and Warehouse Facility Title is generated by Realmo AI

    60 Overbrook Drive, Monroe, OH 45050

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    Claim this Listing
    For Sale
    $3,399,000

    COMMERCIAL - Monroe, OH

    Property size:
    20,534 SF
    Lot size:
    2.17 Acres
    Price / SF:
    $165/SF
    Added:
    Apr 16, 2025
    Days on Market:
    417
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 60 Overbrook Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Lights
    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

    We can help!

    Listing Contact
    Luana King

    Listing agent Luana King

    Listing office eXp Realty 300 E Business Way, Suite 200, Dublin, OH

    Listing date Apr 16, 2025

    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.

    HighLights

    • 20,534 SF multi‑use commercial building on 2.1678 acres in Monroe, OH
    • Office space totals 15,599 SF with 21 private offices, 4 conference rooms, breakroom, and media/computer room
    • 4,935 SF climate‑controlled warehouse with 2 loading docks and high ceilings
    • Central heating; carpet flooring; exterior lights
    • Built in 2005
    • Includes three industrial‑grade generators for power reliability

    Overview

    Built in 2005, this high-visibility multi-use commercial facility totals 20,534 SF and is well suited for an owner-user or investment strategy. The office component delivers 15,599 SF of open-concept space with 21 private offices, four conference rooms, two large main rooms, a breakroom, and a dedicated media/computer room. A 4,935 SF climate-controlled warehouse complements the office, featuring two loading docks and high ceilings designed for distribution or logistics operations.

    Located in Monroe, OH at 60 Overbrook Drive, the property is described as minutes from I-75, supporting easy regional access. The setting is positioned for visibility and day-to-day convenience, with a high-traffic environment near Cincinnati Premium Outlets, Miami Valley Gaming, and major retailers. The property is zoned commercial and offers ample parking.

    The practical layout and existing improvements make this an efficient option for businesses that need both office space and warehouse functionality in one campus. The inclusion of three industrial-grade generators is a notable operational advantage for continuity-minded users. With turnkey availability and a flexible design, the building can support a range of operational models without the delays of new construction.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $421.4k $20.52
    − Vacancy −$109.6k −$5.34
    EGI $311.8k $15.18
    − OpEx −$78.0k −$3.80
    NOI $233.9k $11.39
    20,534 SF · lease $20.52/SF/yr · vacancy 26.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.34M
    $2.92M – $3.90M (±1% cap)
    NOI $233,854 @ 7.0% cap · market cap 6.88%
    Second Best
    Warehouse
    $2.24M
    $1.96M – $2.61M (±1% cap)
    NOI $156,834 @ 7.0% cap · market cap 4.61%
    Theoretical Best
    Office A
    $4.06M
    $3.55M – $4.74M (±1% cap)
    NOI $284,199 @ 7.0% cap · market cap 8.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Dental Office Spa & Massage Center Hair Salon Pharmacy Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Butler
    State
    Ohio
    Longitude
    -84.360039
    Latitude
    39.448379

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      Monroe Multi-Use Commercial Space

      20,534 SF multi-use commercial space on 2.1678 acres.
      60 Overbrook Dr, Monroe, OH 45050
      View Details
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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey, high-visibility mixed-use space combining open office configuration with a climate-controlled, dock-ready warehouse.
    Where is this mixed-use property located?
    The property is located at 60 Overbrook Drive 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: 20,534 SF multi‑use commercial building on 2.1678 acres in Monroe, OH; Office space totals 15,599 SF with 21 private offices, 4 conference rooms, breakroom, and media/computer room; 4,935 SF climate‑controlled warehouse with 2 loading docks and high ceilings
    (866) 212-4991
    We can help!
    Listing Contact
    Luana King
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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