Building Details

Year Built 1988

Buildings 1

Building Size 5,344 SF

Listing Agency: Lee & Associates

Listed By: Paul Schmerge · License #0000439660 Show Phone

Source: Crexi

Added: Jul 29 Changed: Oct 4 Last Checked: Oct 14 at 11:52PM

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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

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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.

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 / Yr

$40,816

Cap Rate

6.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$816,320 $816.3K

Cap Rate 7%

$583,086 $583.1K

Cap Rate 9%

$453,511 $453.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,344 SF

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 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 (±1% cap)

NOI $40,816 @ 7.0% cap · market cap 6.81%

Second Best

Industrial

$480.2K

$420.2K – $560.2K (±1% cap)

NOI $33,613 @ 7.0% cap · market cap 5.61%

Theoretical Best

Office A

$1.06M

$924.5K – $1.23M (±1% cap)

NOI $73,963 @ 7.0% cap · market cap 12.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm HVAC Service Grocery & Convenience Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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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