Office Building
For Sale
Contact for pricing
7592 Tylers Place Blvd, West Chester, OH 45069
Three office buildings offer prominent I-75 visibility, signage opportunities, and access from two nearby exits.
Property Size10,126 SF
Price / SF$195
Days on Market209
Property Features for 7592 Tylers Place Blvd
General Information
Standard status
Active
Size
10,126 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
3
Parking Ratio
7.99 per 1,000 SF
Listing Agency:
JLL | Cincinnati
(513) 252-2158
Listed By:
Rusty Myers · License #SAL.0000444280
Source:
Moodyscre
Added: Feb 3
Changed: Aug 30
Last Checked: Aug 30 at 3:18PM
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 JLL | Cincinnati
Investment Insights
Based on property information with market context.
This office portfolio includes three buildings measuring 4,465 SF, 8,509 SF, and 10,126 SF. The properties may be acquired together or separately, providing flexibility for an owner or occupier seeking one building or a combined office presence. Parking is configured at a ratio of 7.99 spaces per 1,000 SF.
The buildings are positioned for visibility along I-75, with access available through the Tylersville and Liberty Way exits. Signage opportunities are also identified along the interstate frontage. Two adjacent sites are available for build-to-suit development, with potential building configurations ranging from a 6,500 SF one-story structure to a 10,000 SF one-story building or a two-story, 20,000 SF building.
The buildings are positioned for visibility along I-75, with access available through the Tylersville and Liberty Way exits. Signage opportunities are also identified along the interstate frontage. Two adjacent sites are available for build-to-suit development, with potential building configurations ranging from a 6,500 SF one-story structure to a 10,000 SF one-story building or a two-story, 20,000 SF building.
Key Highlights
- Three‑building office portfolio with 4,465 SF, 8,509 SF, and 10,126 SF buildings
- Buildings can be purchased individually or together as a portfolio
- 7.99/1,000 SF parking ratio
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
$95,308
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
4.83%
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%
$1,906,160
$1.9M
Cap Rate 7%
$1,361,543
$1.4M
Cap Rate 9%
$1,058,978
$1.1M
Market Conditions
NOI Build-Up for 10,126 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
$170.1K $16.80/SF
− Vacancy
−$43.0K −$4.25/SF
EGI
$127.1K $12.55/SF
− OpEx
−$31.8K −$3.14/SF
NOI
$95.3K $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%
$1,906,160
Cap Rate 7%
$1,361,543
Cap Rate 9%
$1,058,978
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,308 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,077 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,441
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Three office buildings offer prominent I-75 visibility, signage opportunities, and access from two nearby exits.
Where is this office building located?
The property is located at 7592 Tylers Place Blvd West Chester, OH.
What is the asking price?
The asking price for this property is $1,974,570.
What are key features of this property?
This property features: Three‑building office portfolio with 4,465 SF, 8,509 SF, and 10,126 SF buildings; Buildings can be purchased individually or together as a portfolio; 7.99/1,000 SF parking ratio
