Warehouse with Dock and
New
For Sale
Contact for pricing
9026 Sutton Pl, West Chester, OH 45011
Functional warehouse space with office accommodations, loading access, security equipment, and on-site utility connections.
Property Size5,344 SF
Price / SF$112.09
Days on Market3
Property Features for 9026 Sutton Pl
General Information
Standard status
Active
Size
5,344 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
14 ft
Office Build-Out
1,266 SF
Dock-High Doors
1
Drive-In Doors
1
Amenities
Alarmed
Security Cameras
Listing Agency:
Lee & Associates | Cincinnati
(513) 884-2665
Listed By:
Chas Cook · License #0000439660
(513) 884-2665
Source:
Moodyscre
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 14 at 4:15AM
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.
This 5,344-square-foot warehouse includes approximately 1,266 square feet of office space and ceiling clearance ranging from 13 to 14 feet. Loading is supported by one 8' x 8' dock and one 10' x 12' drive-in door. Interior and exterior electrical outlets, water spigots, an alarm system, and security cameras are included.
The property is located at 9026 Sutton Pl in West Chester, Ohio. West Chester Township is identified as having no income tax.
The property is located at 9026 Sutton Pl in West Chester, Ohio. West Chester Township is identified as having no income tax.
Key Highlights
- 5,344 SF warehouse with approximately 1,266 SF of office space
- 13'-14' ceiling clearance
- 1 dock measuring 8' x 8'
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
$28,225
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
4.71%
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%
$564,500
$564.5K
Cap Rate 7%
$403,214
$403.2K
Cap Rate 9%
$313,611
$313.6K
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
$34.0K $6.36/SF
− Vacancy
−$782 −$0.15/SF
EGI
$33.2K $6.21/SF
− OpEx
−$5.0K −$0.93/SF
NOI
$28.2K $5.28/SF
Area
Hamilton County, OH
Vacancy
2.30%
Lease Rate
$6.36 /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%
$564,500
Cap Rate 7%
$403,214
Cap Rate 9%
$313,611
Alternative Uses
Best Use
Warehouse
$403.2K
$352.8K – $470.4K
NOI $28,225 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$958.1K
$838.3K – $1.12M
NOI $67,065 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Balanced
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
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Similar Off Market Nearby
- Door to Door Storage — 9085 le st dr, west chester township, oh 45014
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Frequently Asked Questions
What type of property is this?
Warehouse - Functional warehouse space with office accommodations, loading access, security equipment, and on-site utility connections.
Where is this warehouse located?
The property is located at 9026 Sutton Pl West Chester, 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 warehouse with approximately 1,266 SF of office space; 13'-14' ceiling clearance; 1 dock measuring 8' x 8'
