West Chester Freestanding Industrial
For Sale
Contact for pricing
9706 Inter Ocean Dr, West Chester, OH
Freestanding industrial building in West Chester Township available 1/1/2026.
Property Size29,470 SF
Lot Size2.05 Acres
Price / SF$84.83
Days on Market325
Property Features for 9706 Inter Ocean Dr
General Information
Standard status
Active
Size
29,470 SF
Lot size
2.05 Acres
Property subtype
INDUSTRIAL
Listing Agency:
SqFt Commercial
(513) 675-5764
Listed By:
Rod MacEachen · License #SAL.2010001717
(513) 675-5764
Source:
Moodyscre
Added: Oct 1, 2025
Changed: Aug 12
Last Checked: Aug 21 at 5:09AM
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 SqFt Commercial
Investment Insights
Based on property information with market context.
This freestanding building is located in West Chester Township, offering convenient access to I-275 at SR 747 and I-75 at Union Centre Blvd. The property features heavy power throughout, four docks, and four drive-in doors. Zoned as General Industrial (M) District in West Chester, the property will be available starting 1/1/2026. The building has a total area of 29470 square feet.
Key Highlights
- Excellent Location: Minutes from I‑275 (SR 747) and I‑75 (Union Centre Blvd).
- Heavy Power: Suitable for industrial operations requiring significant electrical capacity.
- Multiple Loading Options: Features four docks and four drive‑in doors.
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
$155,651
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
6.23%
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%
$3,113,020
$3.1M
Cap Rate 7%
$2,223,586
$2.2M
Cap Rate 9%
$1,729,456
$1.7M
Market Conditions
NOI Build-Up for 29,470 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
$187.4K $6.36/SF
− Vacancy
−$4.3K −$0.15/SF
EGI
$183.1K $6.21/SF
− OpEx
−$27.5K −$0.93/SF
NOI
$155.7K $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%
$3,113,020
Cap Rate 7%
$2,223,586
Cap Rate 9%
$1,729,456
Alternative Uses
Best Use
Warehouse
$2.22M
$1.95M – $2.59M
NOI $155,651 @ 7.0% cap · market cap 6.23%
Second Best
Industrial
$1.83M
$1.60M – $2.14M
NOI $128,183 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,837 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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?
Warehouse - Freestanding industrial building in West Chester Township available 1/1/2026.
Where is this warehouse located?
The property is located at 9706 Inter Ocean Dr West Chester, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Excellent Location: Minutes from I‑275 (SR 747) and I‑75 (Union Centre Blvd).; Heavy Power: Suitable for industrial operations requiring significant electrical capacity.; Multiple Loading Options: Features four docks and four drive‑in doors.
