Flex Building with Office
For Sale
Contact for pricing
9026 Sutton Place, Hamilton, OH 45011
The industrial building combines office, warehouse, and mezzanine areas under M-1 Light Industrial zoning.
Property Size5,344 SF
Price / SF$112.09
Days on Market33
Property Features for 9026 Sutton Place
General Information
Standard status
Active
Size
5,344 SF
Total Parking Spaces
6
Property subtype
Industrial
Zoning
M-1 Light Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
4,078 SF
Office Build-Out
1,266 SF
Mezzanine
624 SF
Building Details
Year Built
1988
Buildings
1
Building Size
5,344 SF
Listing Agency:
Lee & Associates - Cincinnati
(513) 588-1107
Listed By:
Charles Cook · License #OH 2021008642
Source:
Crexi
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 29 at 3:25PM
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 Lee & Associates - Cincinnati
Investment Insights
Based on property information with market context.
Built in 1988, this flex industrial property contains 5,344 SF, including approximately 1,266 SF of office area and 4,078 SF configured for warehouse use. An additional mezzanine measures approximately 624 SF and is excluded from the stated total. The combination of office and warehouse areas provides a practical configuration for industrial operations, storage, and related business functions.
The building is located at 9026 Sutton Place in West Chester Township, Ohio, near OH SR-747. Access to I-75 and I-275 is nearby, connecting the property with regional transportation routes. M-1 Light Industrial zoning is in place.
The building is located at 9026 Sutton Place in West Chester Township, Ohio, near OH SR-747. Access to I-75 and I-275 is nearby, connecting the property with regional transportation routes. M-1 Light Industrial zoning is in place.
Key Highlights
- 5,344 SF industrial building with 1,266 SF of office space
- 4,078 SF of warehouse area
- 624 SF mezzanine not included in total SF
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
$40,816
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
6.81%
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%
$816,320
$816.3K
Cap Rate 7%
$583,086
$583.1K
Cap Rate 9%
$453,511
$453.5K
Market Conditions
NOI Build-Up for 5,344 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
$51.3K $9.60/SF
− Vacancy
−$3.3K −$0.61/SF
EGI
$48.0K $8.99/SF
− OpEx
−$7.2K −$1.35/SF
NOI
$40.8K $7.64/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$816,320
Cap Rate 7%
$583,086
Cap Rate 9%
$453,511
Alternative Uses
Best Use
Warehouse
$583.1K
$510.2K – $680.3K
NOI $40,816 @ 7.0% cap · market cap 6.81%
Second Best
Industrial
$480.2K
$420.2K – $560.2K
NOI $33,613 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.06M
$924.5K – $1.23M
NOI $73,963 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
295
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 Industrial 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?
Flex space - The industrial building combines office, warehouse, and mezzanine areas under M-1 Light Industrial zoning.
Where is this flex space located?
The property is located at 9026 Sutton Place Hamilton, OH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 5,344 SF industrial building with 1,266 SF of office space; 4,078 SF of warehouse area; 624 SF mezzanine not included in total SF
