Medical Office with Exam
For Sale
Contact for pricing
6396 Thornberry Ct, Mason, OH 45040
Medical office layout includes private offices, exam rooms, contemporary finishes, and parking for tenants and visitors.
Property Size3,680 SF
Price / SF$162.77
Days on Market95
Property Features for 6396 Thornberry Ct
General Information
Standard status
Active
Size
3,680 SF
Property subtype
OFFICE
Properties For Sale
at 6396 Thornberry Ct Contact us- Floor
- 1
- Size
- 3,680 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
Medical Office For Lease
- Flexible and functional layout
- Ample parking for tenants and visitors
- Contemporary...
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Listing Agency:
KW Northern Kentucky Commercial
(859) 468-6799
Listed By:
TJ Schutte Jr · License #304174,KENTUCKY
Source:
Moodyscre
Added: May 28
Changed: Aug 29
Last Checked: Jun 1 at 5:13PM
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 KW Northern Kentucky Commercial
Investment Insights
Based on property information with market context.
This 3,680-square-foot medical office property offers a purpose-oriented layout with 3 private offices and 9 exam rooms. Contemporary design elements and finishes support a professional environment for medical office operations, while the configuration provides distinct areas for administrative and patient-facing functions.
Located in the Cincinnati area at 6396 Thornberry Ct in Mason, Ohio, the property includes parking for tenants and visitors. The address is in the 45040 ZIP code.
Located in the Cincinnati area at 6396 Thornberry Ct in Mason, Ohio, the property includes parking for tenants and visitors. The address is in the 45040 ZIP code.
Key Highlights
- 3,680‑square‑foot medical office property
- 3 private offices and 9 exam rooms
- Parking provided for tenants and visitors
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
$54,047
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
9.02%
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%
$1,080,940
$1.1M
Cap Rate 7%
$772,100
$772.1K
Cap Rate 9%
$600,522
$600.5K
Market Conditions
NOI Build-Up for 3,680 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
$95.8K $26.04/SF
− Vacancy
−$5.7K −$1.56/SF
EGI
$90.1K $24.48/SF
− OpEx
−$36.0K −$9.79/SF
NOI
$54.0K $14.69/SF
Area
Warren County, OH
Vacancy
6.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$1,080,940
Cap Rate 7%
$772,100
Cap Rate 9%
$600,522
Alternative Uses
Best Use
Healthcare Medical
$772.1K
$675.6K – $900.8K
NOI $54,047 @ 7.0% cap · market cap 9.02%
Second Best
Office B
$680.3K
$595.3K – $793.7K
NOI $47,620 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$822.0K
$719.2K – $959.0K
NOI $57,539 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45040, OH
57,153
Population
21,977
Households
2.6
Avg Household Size
40
Median Age
65%
College-Educated
98%
High-School Grad
28.5 sq mi
ZIP Area
2,005
Density / Sq Mi
$131,803
Median Household Income
$68,422
Median Earnings
$1,691
Median Rent
$403,700
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?
Medical Office Space - Medical office layout includes private offices, exam rooms, contemporary finishes, and parking for tenants and visitors.
Where is this medical office space located?
The property is located at 6396 Thornberry Ct Mason, OH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,680‑square‑foot medical office property; 3 private offices and 9 exam rooms; Parking provided for tenants and visitors
