Building Details

Year built 2001

Flooring type Carpet, Tile

Building materials Brick

Roof type Shingle

Listing Agency: Huff Realty c***@huff.com Show Phone

Listed By: Sandra Burkhart-Williams Show Phone

Added: Dec 29, 2025 Changed: Sep 30 Last Checked: Oct 6 at 2:06AM

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MLS# 1864353

Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,398-square-foot office condo features four private offices, a conference room, and two open areas suited to workstations or collaborative use. The layout also includes a kitchen, two private bathrooms, a shared foyer, and three exterior entrances. An executive office has a built-in granite desk and shelving, while cabinetry is integrated into a shared workroom. Brick construction dates to 2001, with carpet and tile flooring and electric heat.

The property is on Governors Way, approximately one mile from I-71. Parking and placement on a shared monument sign are available.

Key Highlights

• 2,398‑square‑foot office condo
• Four private offices and a conference room
• Two shared work areas, plus a kitchen and two private bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,570

Cap Rate

4.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$451,400 $451.4K

Cap Rate 7%

$322,429 $322.4K

Cap Rate 9%

$250,778 $250.8K

Market Conditions

NOI Build-Up for 2,398 SF

Gross rent

$40.3K $16.80/SF

− Vacancy

−$10.2K −$4.25/SF

EGI

$30.1K $12.55/SF

− OpEx

−$7.5K −$3.14/SF

NOI

$22.6K $9.41/SF

Area

Hamilton County, OH

Vacancy

25.30%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$451,400

Cap Rate 7%

$322,429

Cap Rate 9%

$250,778

Alternative Uses

Best Use

Office B

$322.4K

$282.1K – $376.2K (±1% cap)

NOI $22,570 @ 7.0% cap · market cap 4.51%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$429.9K

$376.2K – $501.6K (±1% cap)

NOI $30,094 @ 7.0% cap · market cap 6.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Building Supply Electrical Service Storage Facility Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

421

Businesses Nearby

Explore this area Business Placement

Demographics for 45249, OH

14,005

Population

5,740

Households

2.4

Avg Household Size

40

Median Age

71%

College-Educated

97%

High-School Grad

6.8 sq mi

ZIP Area

2,060

Density / Sq Mi

$107,227

Median Household Income

$68,477

Median Earnings

$1,476

Median Rent

$484,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office units - The professional suite combines enclosed offices, conference space, and flexible shared work areas.

Where is this office units located?

The property is located at 9155 Governors Way Symmes Twp, OH.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: 2,398‑square‑foot office condo; Four private offices and a conference room; Two shared work areas, plus a kitchen and two private bathrooms