Mixed-Use Retail and Office
For Sale
Contact for pricing
6752 CINCINNATI DAYTON RD, Liberty Township, OH 45044
Two-story mixed-use property with a dedicated office second floor and direct access along Cincinnati Dayton Road.
Property Size33,250 SF
Lot Size3.42 Acres
Price / SF$118.80
Days on Market51
Property Features for 6752 CINCINNATI DAYTON RD
General Information
Standard status
Active
Size
33,250 SF
Class
B
Lot size
3.42 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
B-2 (General Business)
Occupancy
47%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$111,444
Site & Location
Traffic Count
20,000 vehicles/day
Road Access
Yes
Building Details
Year Built
2009
Stories
2
Units
10
Tenancy
Multi
Listing Agency:
Legacy Real Estate Advisors Southfield
(248) 450-3259
Listed By:
Gus Jamil · License #U.S. 6501448206
Source:
Crexi
Added: Jul 2
Changed: Aug 8
Last Checked: Aug 21 at 8:13AM
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 Legacy Real Estate Advisors Southfield
Investment Insights
Based on property information with market context.
Liberty Falls is a high-quality mixed-use retail and office asset built in 2009, totaling 33,250 SF on 3.42 acres. The property features brick construction and an efficient, highly visible layout. The second floor is dedicated to office space totaling 12,294 SF (37% of total GLA), with retail comprising the balance.
The center is positioned along Cincinnati Dayton Road with 20,000+ VPD, providing strong visibility and direct access. It is adjacent to a Kroger-anchored center and is shadow-anchored by Mercy Health medical offices, with major regional medical drivers nearby including Cincinnati Children’s Hospital (670 beds) and The Christ Hospital Health Network (555 beds). Liberty Center, a premier mixed-use destination, is about 10 minutes south.
At the end of 2026, the asset is expected to be 53% vacant, comprised of 37% office and 16% retail. The end-cap Mexican restaurant, El Rancho Nuevo, on the south side of the center, is scheduled to vacate at lease expiration. For new ownership, Liberty Falls offers a tenant-retail and office leasing footprint across both levels, with a configuration designed to support continuing retail and professional use within a medical-driven trade area.
The center is positioned along Cincinnati Dayton Road with 20,000+ VPD, providing strong visibility and direct access. It is adjacent to a Kroger-anchored center and is shadow-anchored by Mercy Health medical offices, with major regional medical drivers nearby including Cincinnati Children’s Hospital (670 beds) and The Christ Hospital Health Network (555 beds). Liberty Center, a premier mixed-use destination, is about 10 minutes south.
At the end of 2026, the asset is expected to be 53% vacant, comprised of 37% office and 16% retail. The end-cap Mexican restaurant, El Rancho Nuevo, on the south side of the center, is scheduled to vacate at lease expiration. For new ownership, Liberty Falls offers a tenant-retail and office leasing footprint across both levels, with a configuration designed to support continuing retail and professional use within a medical-driven trade area.
Key Highlights
- Built in 2009, Liberty Falls is a two‑story mixed‑use retail & office asset totaling 33,250 SF on 3.42 acres.
- Second‑floor office space totals 12,294 SF (37% of GLA), with the remaining space supporting retail uses.
- At the end of 2026, the asset is projected to be 53% vacant (37% office + 16% retail).
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
$141,169
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
3.57%
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%
$2,823,380
$2.8M
Cap Rate 7%
$2,016,700
$2.0M
Cap Rate 9%
$1,568,544
$1.6M
Market Conditions
NOI Build-Up for 33,250 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
$215.5K $6.48/SF
− Vacancy
−$13.8K −$0.41/SF
EGI
$201.7K $6.07/SF
− OpEx
−$60.5K −$1.82/SF
NOI
$141.2K $4.25/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
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%
$2,823,380
Cap Rate 7%
$2,016,700
Cap Rate 9%
$1,568,544
Alternative Uses
Best Use
Office B
$5.41M
$4.73M – $6.31M
NOI $378,671 @ 7.0% cap · market cap 9.59%
Second Best
Retail
$2.02M
$1.76M – $2.35M
NOI $141,169 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$6.57M
$5.75M – $7.67M
NOI $460,194 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 45044, OH
56,128
Population
21,645
Households
2.6
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
37.8 sq mi
ZIP Area
1,485
Density / Sq Mi
$71,942
Median Household Income
$40,568
Median Earnings
$1,034
Median Rent
$230,400
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?
Mixed-use property - Two-story mixed-use property with a dedicated office second floor and direct access along Cincinnati Dayton Road.
Where is this mixed-use property located?
The property is located at 6752 CINCINNATI DAYTON RD Liberty Township, OH.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Built in 2009, Liberty Falls is a two‑story mixed‑use retail & office asset totaling 33,250 SF on 3.42 acres.; Second‑floor office space totals 12,294 SF (37% of GLA), with the remaining space supporting retail uses.; At the end of 2026, the asset is projected to be 53% vacant (37% office + 16% retail).
