Office Unit with Exam
For Sale
Contact for pricing
6396 Thornberry Ct Suite 710, Mason, OH 45040
The suite includes private offices and exam rooms within a professional office layout.
Property Size3,680 SF
Price / SF$162.77
Days on Market94
Property Features for 6396 Thornberry Ct Suite 710
General Information
Standard status
Active
Size
3,680 SF
Class
C
Property subtype
Office
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2009
Listing Agency:
KW Commercial
Listed By:
T.J. Schutte Jr · License #KY 222254
Source:
Crexi
Added: May 29
Changed: Aug 29
Last Checked: Aug 29 at 9:35PM
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 Commercial
Investment Insights
Based on property information with market context.
Suite 710 at 6396 Thornberry Ct provides 3,680 square feet of office space in a building completed in 2009. The interior includes 3 private offices and 9 exam rooms, reflecting its prior medical-office configuration and supporting a range of professional office requirements.
The property is located in Mason, Ohio, within the Cincinnati area. The surrounding context includes corporate headquarters, retail centers, dining options, Kings Island, Great Wolf Lodge, and nearby parks. The combination of an established office setting and existing room layout offers a practical option for an owner-user or office occupant.
The property is located in Mason, Ohio, within the Cincinnati area. The surrounding context includes corporate headquarters, retail centers, dining options, Kings Island, Great Wolf Lodge, and nearby parks. The combination of an established office setting and existing room layout offers a practical option for an owner-user or office occupant.
Key Highlights
- 3,680 SF office suite at 6396 Thornberry Ct, Suite 710
- 3 private offices and 9 exam rooms
- Previously configured for medical‑office use
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
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
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?
Office units - The suite includes private offices and exam rooms within a professional office layout.
Where is this office units located?
The property is located at 6396 Thornberry Ct Suite 710 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 SF office suite at 6396 Thornberry Ct, Suite 710; 3 private offices and 9 exam rooms; Previously configured for medical‑office use
