Turn-Key Medical Office
For Sale
Contact for pricing
7919-7927 Jessies Way, Hamilton, OH 45011
Turn-key medical suite featuring 9 wet exam rooms, 5 private offices, and a private suite entrance.
Property Size4,688 SF
Price / SF$126.92
Days on Market2364
Property Features for 7919-7927 Jessies Way
General Information
Standard status
Active
Size
4,688 SF
Property subtype
OFFICE
Listing Agency:
North Ridge Realty Group
(513) 860-5050
Listed By:
John Stretch · License #2008004113
(513) 623-6505
Source:
Moodyscre
Added: Mar 24, 2020
Changed: Aug 16
Last Checked: Sep 12 at 10:21AM
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 turn-key medical office suite is approximately 4,688 square feet and includes 9 wet exam rooms and 5 private offices, designed for straightforward clinical use. The space is separately metered, offering clear operational separation.
The property provides user-friendly, private suite entrance and ample parking. Public remarks also note excellent visibility from Tylersville & By-Pass Rt. 4 and a large monument sign.
The layout supports both patient exam and private office workflow, with occupancy listed as beginning 2/1/20. Additionally, the listing states there is no earnings tax.
The property provides user-friendly, private suite entrance and ample parking. Public remarks also note excellent visibility from Tylersville & By-Pass Rt. 4 and a large monument sign.
The layout supports both patient exam and private office workflow, with occupancy listed as beginning 2/1/20. Additionally, the listing states there is no earnings tax.
Key Highlights
- Approximately 4,688 SF turn‑key medical suite built‑out
- 9 wet exam rooms plus 5 private offices
- Private suite entrance with user‑friendly, private access
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
$53,390
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
8.97%
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%
$1,067,800
$1.1M
Cap Rate 7%
$762,714
$762.7K
Cap Rate 9%
$593,222
$593.2K
Market Conditions
NOI Build-Up for 4,688 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
$96.2K $20.52/SF
− Vacancy
−$25.0K −$5.34/SF
EGI
$71.2K $15.18/SF
− OpEx
−$17.8K −$3.80/SF
NOI
$53.4K $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 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%
$1,067,800
Cap Rate 7%
$762,714
Cap Rate 9%
$593,222
Alternative Uses
Best Use
Healthcare Medical
$789.8K
$691.0K – $921.4K
NOI $55,283 @ 7.0% cap · market cap 9.29%
Second Best
Office B
$762.7K
$667.4K – $889.8K
NOI $53,390 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$926.9K
$811.1K – $1.08M
NOI $64,884 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45011, OH
73,596
Population
28,470
Households
2.6
Avg Household Size
38
Median Age
31%
College-Educated
88%
High-School Grad
60.4 sq mi
ZIP Area
1,218
Density / Sq Mi
$90,360
Median Household Income
$45,147
Median Earnings
$1,005
Median Rent
$272,000
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?
Medical Office Space - Turn-key medical suite featuring 9 wet exam rooms, 5 private offices, and a private suite entrance.
Where is this medical office space located?
The property is located at 7919-7927 Jessies Way Hamilton, OH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 4,688 SF turn‑key medical suite built‑out; 9 wet exam rooms plus 5 private offices; Private suite entrance with user‑friendly, private access
