Updated Office Building on
7984 Olde 8 Road Northfield, OH 44067
7984 Olde 8 Road, Northfield, OH, 44067
Contact for pricing
For Sale
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Professional office building with excellent visibility and convenient highway access.
Property Size3,200 SF
Lot Size0.72 Acres
Price / SF$203.09
Days on Market66
Property Features for 7984 Olde 8 Road
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.72 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1975
Listing Agency
Century 21 Homestar
Listed by
Anthony Romano · License #OH
Source
Crexi
Added: May 12 Checked: Jul 16 at 11:00 am
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 Century 21 Homestar
Investment Insights
Based on property information with market context.
This updated professional office building, constructed in 1975, is located on a heavily traveled corridor in Northfield. Situated on approximately 0.72 acres, the property offers excellent visibility and convenient access to major highways, including I-271 and Route 8. The building spans approximately 3,200 square feet and features ample on-site asphalt parking and attractive landscaped grounds. The private wooded setting provides a blend of accessibility and privacy. The property is suitable for a variety of professional, medical, counseling, or service-oriented uses. It offers a flexible layout with owner-user or investment potential and is fully furnished with executive office furniture. This distinctive commercial property is located in a desirable location serving both Northfield and surrounding communities.
Key Highlights
- Excellent visibility on a heavily traveled corridor with convenient access to I‑271 and Route 8.
- Updated 3,200 SF office building suitable for professional, medical, counseling, or service‑oriented uses.
- Ample on‑site asphalt parking and attractive landscaped grounds.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $16.92 |
| − Vacancy | −$3.7k | −$1.15 |
| EGI | $50.5k | $15.77 |
| − OpEx | −$12.6k | −$3.94 |
| NOI | $37.8k | $11.83 |
3,200 SF · lease $16.92/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$540.7K
$473.1K – $630.8K
NOI $37,847 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$785.3K
$687.2K – $916.2K
NOI $54,972 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Professional office building with excellent visibility and convenient highway access.
Where is this office building located?
The property is located at 7984 Olde 8 Road Northfield, OH.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Excellent visibility on a heavily traveled corridor with convenient access to I‑271 and Route 8.; Updated 3,200 SF office building suitable for professional, medical, counseling, or service‑oriented uses.; Ample on‑site asphalt parking and attractive landscaped grounds.
