Modern Office
For Sale
$2,999,000
6711 Ringwood Road, Oxford, OH 45056
COMMERCIAL - Oxford, OH
Property Size11,568 SF
Lot Size13.90 Acres
Price / SF$259.25
Days on Market296
Property Features for 6711 Ringwood Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Located at the intersection of Ringwood and US27.
Subdivision
Butler-W18
Standard status
Active
APN
H4000-028-000-015
Size
11,568 SF
Lot size
13.90 Acres
Utilities
Heating system
Natural Gas
Building Details
Year built
2018
Flooring type
Concrete
Building materials
Block
Roof type
Built-Up
Listing Agency:
RE/MAX Alpha Real Estate · RE/MAX International
(513) 523-6358
Listed By:
Laura Feagin · License #SAL.2018001210
(513) 988-7253
Added: Oct 30, 2025
Changed: Aug 4
Last Checked: Aug 21 at 6:06AM
MLS# 1860917
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.
Constructed in 2018, this 11,568-square-foot office building includes a lobby, bathrooms, conference rooms, and dedicated office and meeting areas. Block construction, concrete flooring, natural-gas heating, and a built-up roof complete the core building specifications.
The property includes a paved parking lot and is located in Oxford, Ohio. Its interior layout provides a combination of shared gathering areas and private workspaces within a single commercial building.
The property includes a paved parking lot and is located in Oxford, Ohio. Its interior layout provides a combination of shared gathering areas and private workspaces within a single commercial building.
Key Highlights
- 11,568‑square‑foot office building constructed in 2018
- Lobby, bathrooms, conference rooms, office areas, and meeting space
- Paved parking lot
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
$131,743
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
4.39%
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%
$2,634,860
$2.6M
Cap Rate 7%
$1,882,043
$1.9M
Cap Rate 9%
$1,463,811
$1.5M
Market Conditions
NOI Build-Up for 11,568 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
$237.4K $20.52/SF
− Vacancy
−$61.7K −$5.34/SF
EGI
$175.7K $15.18/SF
− OpEx
−$43.9K −$3.80/SF
NOI
$131.7K $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%
$2,634,860
Cap Rate 7%
$1,882,043
Cap Rate 9%
$1,463,811
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.20M
NOI $131,743 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,106 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 45056, OH
28,892
Population
9,702
Households
3
Avg Household Size
25
Median Age
54%
College-Educated
97%
High-School Grad
74.7 sq mi
ZIP Area
387
Density / Sq Mi
$53,413
Median Household Income
$9,944
Median Earnings
$1,004
Median Rent
$247,700
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 building - 2018 office property with meeting areas, conference rooms, lobby, bathrooms, and paved parking.
Where is this office building located?
The property is located at 6711 Ringwood Road Oxford, OH.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 11,568‑square‑foot office building constructed in 2018; Lobby, bathrooms, conference rooms, office areas, and meeting space; Paved parking lot
