Office Unit with Multiple
For Sale
$399,900
7655 Five Mile Road, Anderson Twp, OH 45230
Commercial Sale, Anderson Twp, OH
Property Size1,856 SF
Lot Size1.66 Acres
Price / SF$215.46
Days on Market51
Property Features for 7655 Five Mile Road
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
Beechmont to Five Mile, or I-275 to Five Mile
Subdivision
Hamilton-E07
Standard status
Active
APN
500-0204-0103-00
Lot size
1.66 Acres
Utilities
Heating system
Electric (Heating), Forced Air
Building Details
Year built
1986
Flooring type
Carpet
Building materials
Stucco
Listing Agency:
RE/MAX Preferred Group · RE/MAX International
(513) 574-0600
Listed By:
Joe Knab · License #0000267085
(513) 533-4111
Added: Jul 10
Changed: Aug 24
Last Checked: Aug 29 at 3:06PM
MLS# 1886408
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.
This office unit provides 1,856 square feet of usable space arranged with eight offices, a lobby, and common areas. The suite includes four building access areas and is finished with carpet flooring and stucco construction. Two storage areas add 144 square feet and 100 square feet of supplemental space.
Built in 1986, the property is located at 7655 Five Mile Road in Anderson Township, Ohio. Heating is provided by electric and forced-air systems. The property occupies 1.6571 acres and includes exterior and common-area services associated with the condominium property, including landscaping, snow removal, parking lot maintenance, water, and sewer.
Built in 1986, the property is located at 7655 Five Mile Road in Anderson Township, Ohio. Heating is provided by electric and forced-air systems. The property occupies 1.6571 acres and includes exterior and common-area services associated with the condominium property, including landscaping, snow removal, parking lot maintenance, water, and sewer.
Key Highlights
- 1,856 SF office unit with eight offices, lobby, and common areas
- Two storage areas measuring 144 SF and 100 SF
- Four access areas provide entry points to the building
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
$22,152
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
5.54%
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%
$443,040
$443.0K
Cap Rate 7%
$316,457
$316.5K
Cap Rate 9%
$246,133
$246.1K
Market Conditions
NOI Build-Up for 1,856 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
$38.3K $20.64/SF
− Vacancy
−$8.8K −$4.73/SF
EGI
$29.5K $15.91/SF
− OpEx
−$7.4K −$3.98/SF
NOI
$22.2K $11.94/SF
Area
Cincinnati, OH
Vacancy
22.90%
Lease Rate
$20.64 /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%
$443,040
Cap Rate 7%
$316,457
Cap Rate 9%
$246,133
Alternative Uses
Best Use
Office B
$316.5K
$276.9K – $369.2K
NOI $22,152 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.9K
$322.8K – $430.4K
NOI $25,826 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 45230, OH
27,718
Population
11,987
Households
2.3
Avg Household Size
40
Median Age
54%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
2,023
Density / Sq Mi
$87,100
Median Household Income
$53,900
Median Earnings
$962
Median Rent
$237,200
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 units - Configured for private office use with a lobby, shared areas, and multiple building access points.
Where is this office units located?
The property is located at 7655 Five Mile Road Anderson Twp, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,856 SF office unit with eight offices, lobby, and common areas; Two storage areas measuring 144 SF and 100 SF; Four access areas provide entry points to the building
