West Chester Renovated Office
7413 Squire Ct, West Chester, OH 45069
For Sale
Contact for pricing
Renovated 8082 SF office space in West Chester, OH.
Property Size8,082 SF
Price / SF$170.13
Days on Market1520
Property Features for 7413 Squire Ct
General Information
Standard status
Size
Class
Property subtype
Building Details
Year Built
Stories
Listing Agency:
KW Commercial
Listed By:
Derrick Plunkett · License #KY 219608
(859) 620-5830
Source:
Crexi
Added: Sep 12, 2022
Changed: Nov 9
Last Checked: Nov 8 at 8:37AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features 8082 square feet of recently renovated office space. The location is directly off the exit and in the heart of West Chester's commercial district. It is suitable for professional office, medical office, daycare, elderly care, and other usages.
Key Highlights
- Prime location directly off the exit in West Chester's commercial district.
- Recently renovated office space totaling 8082 square feet.
- Strong capabilities for professional office, medical office, daycare, and elderly care.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,043
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,860
$1.8M
Cap Rate 7%
$1,314,900
$1.3M
Cap Rate 9%
$1,022,700
$1.0M
Market Conditions
NOI Build-Up for 8,082 SF
Gross rent
$165.8K $20.52/SF
− Vacancy
−$43.1K −$5.34/SF
EGI
$122.7K $15.18/SF
− OpEx
−$30.7K −$3.80/SF
NOI
$92.0K $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 Rate 5%
$1,840,860
Cap Rate 7%
$1,314,900
Cap Rate 9%
$1,022,700
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $92,043 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,858 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
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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
$314,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Butler County, OH
Properties on Market for Office buildings in Butler County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Renovated 8082 SF office space in West Chester, OH.
Where is this office building located?
The property is located at 7413 Squire Ct West Chester, OH.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Prime location directly off the exit in West Chester's commercial district.; Recently renovated office space totaling 8082 square feet.; Strong capabilities for professional office, medical office, daycare, and elderly care.
