West Chester Renovated Office
For Sale
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7413 Squire Ct, West Chester, OH 45069
Renovated 8082 SF office space in West Chester, OH.
Property Size8,082 SF
Price / SF$170.13
Days on Market1428
Property Features for 7413 Squire Ct
General Information
Standard status
Active
Size
8,082 SF
Class
C
Property subtype
Office
Building Details
Year Built
1985
Stories
2
Listing Agency:
KW Commercial
(859) 620-5830
Listed By:
Derrick Plunkett · License #KY 219608
Source:
Crexi
Added: Sep 12, 2022
Changed: Aug 8
Last Checked: Aug 8 at 4:21AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This property features 8082 square feet of recently renovated office space. The location is directly off the exit and in the heart of West Chester's commercial district. It is suitable for professional office, medical office, daycare, elderly care, and other usages.
Key Highlights
- Prime location directly off the exit in West Chester's commercial district.
- Recently renovated office space totaling 8082 square feet.
- Strong capabilities for professional office, medical office, daycare, and elderly care.
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
$76,069
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
5.53%
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%
$1,521,380
$1.5M
Cap Rate 7%
$1,086,700
$1.1M
Cap Rate 9%
$845,211
$845.2K
Market Conditions
NOI Build-Up for 8,082 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
$135.8K $16.80/SF
− Vacancy
−$34.4K −$4.25/SF
EGI
$101.4K $12.55/SF
− OpEx
−$25.4K −$3.14/SF
NOI
$76.1K $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 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%
$1,521,380
Cap Rate 7%
$1,086,700
Cap Rate 9%
$845,211
Alternative Uses
Best Use
Office B
$1.09M
$950.9K – $1.27M
NOI $76,069 @ 7.0% cap · market cap 5.53%
Second Best
Healthcare Medical
$1.09M
$950.9K – $1.27M
NOI $76,069 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,426 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 45069, OH
53,694
Population
21,727
Households
2.5
Avg Household Size
40
Median Age
53%
College-Educated
95%
High-School Grad
29.0 sq mi
ZIP Area
1,852
Density / Sq Mi
$115,539
Median Household Income
$61,747
Median Earnings
$1,585
Median Rent
$314,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated 8082 SF office space in West Chester, OH.
Where is this office building located?
The property is located at 7413 Squire Ct West Chester, OH.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Prime location directly off the exit in West Chester's commercial district.; Recently renovated office space totaling 8082 square feet.; Strong capabilities for professional office, medical office, daycare, and elderly care.
