Fully Leased Professional Office
For Sale
Contact for pricing
7130-7150 Office Park Dr, West Chester, OH 45069
Fully leased professional office building with multiple healthcare and human services tenants.
Property Size14,008 SF
Price / SF$165.98
Days on Market969
Property Features for 7130-7150 Office Park Dr
General Information
Standard status
Active
Size
14,008 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Business Included
No
Building Details
Tenancy
Multi
Listing Agency:
North Ridge Realty Group
(513) 860-5050
Listed By:
Marshall Stretch · License #2019006171
(513) 504-8232
Source:
Moodyscre
Added: Jan 17, 2024
Changed: Sep 3
Last Checked: Sep 12 at 9:51AM
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 North Ridge Realty Group
Investment Insights
Based on property information with market context.
This fully leased professional office building is available for sale and features an occupied tenant roster that includes Union Home Mortgage, American Fidelity, Allergy & Asthma Associates, Cranial Pain Solution, and Benchmark Human Services. The property’s current tenancy supports a stabilized, income-producing office configuration.
The building is located at 7130–7150 Office Park Dr, on the Liberty Township border of West Chester, OH. With multiple established tenants, the space is set up to serve a range of professional and healthcare-related needs.
The offering comprises a total building size of 14,008 square feet. Buyers are encouraged to review lease terms and tenant details as part of their due diligence.
The building is located at 7130–7150 Office Park Dr, on the Liberty Township border of West Chester, OH. With multiple established tenants, the space is set up to serve a range of professional and healthcare-related needs.
The offering comprises a total building size of 14,008 square feet. Buyers are encouraged to review lease terms and tenant details as part of their due diligence.
Key Highlights
- Fully leased professional office building in Liberty Township on the border of West Chester
- Tenant lineup includes Union Home Mortgage, American Fidelity, Allergy & Asthma Associates, Cranial Pain Solution, and Benchmark Human Services
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
$131,846
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
5.67%
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%
$2,636,920
$2.6M
Cap Rate 7%
$1,883,514
$1.9M
Cap Rate 9%
$1,464,956
$1.5M
Market Conditions
NOI Build-Up for 14,008 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
$235.3K $16.80/SF
− Vacancy
−$59.5K −$4.25/SF
EGI
$175.8K $12.55/SF
− OpEx
−$43.9K −$3.14/SF
NOI
$131.8K $9.41/SF
Area
Hamilton County, OH
Vacancy
25.30%
Lease Rate
$16.80 /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%
$2,636,920
Cap Rate 7%
$1,883,514
Cap Rate 9%
$1,464,956
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.20M
NOI $131,846 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,795 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 45069, OH
53,694
Population
21,727
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
95%
High-School Grad
29.0 sq mi
ZIP Area
1,852
Density / Sq Mi
$115,539
Median Household Income
$61,747
Median Earnings
$1,585
Median Rent
$314,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased professional office building with multiple healthcare and human services tenants.
Where is this office building located?
The property is located at 7130-7150 Office Park Dr West Chester, OH.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: Fully leased professional office building in Liberty Township on the border of West Chester; Tenant lineup includes Union Home Mortgage, American Fidelity, Allergy & Asthma Associates, Cranial Pain Solution, and Benchmark Human Services
