Flex Space with Crane Rail
For Sale
Contact for pricing
9870 Crescent Park Dr, West Chester, OH 45069
Flex space with two dock doors featuring levelers and shelters, plus two crane rail systems.
Property Size70,000 SF
Lot Size5.69 Acres
Price / SF$85.71
Days on Market162
Property Features for 9870 Crescent Park Dr
General Information
Standard status
Active
Size
70,000 SF
Lot size
5.69 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Office Build-Out
6,000 SF
Dock-High Doors
2
Listing Agency:
Colliers | Cincinnati
(513) 703-5968
Listed By:
Bill Keefer, SIOR · License #SAL.2019003480
(513) 703-5968
Source:
Moodyscre
Added: Feb 19
Changed: Jul 29
Last Checked: Jul 30 at 1:33PM
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 Colliers | Cincinnati
Investment Insights
Based on property information with market context.
Flex space offering a total building size of 70,000 SF and 5.69 acres. The property includes 6,000 SF of office space and is equipped with two dock doors with levelers and shelters for loading operations. Two crane rail systems are also in place to support material handling needs.
Located at 9870 Crescent Park Dr in West Chester, OH, this flex facility is positioned on acreage to support day-to-day operations.
This configuration combines office space with warehouse and loading features, supported by the on-site dock equipment and crane rail systems.
Located at 9870 Crescent Park Dr in West Chester, OH, this flex facility is positioned on acreage to support day-to-day operations.
This configuration combines office space with warehouse and loading features, supported by the on-site dock equipment and crane rail systems.
Key Highlights
- 70,000 SF flex space on 5.69 acres
- 6,000 SF office space
- Two docks with levelers and shelters
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $445.2k | $6.36 |
| − Vacancy | −$10.2k | −$0.15 |
| EGI | $435.0k | $6.21 |
| − OpEx | −$65.2k | −$0.93 |
| NOI | $369.7k | $5.28 |
70,000 SF · lease $6.36/SF/yr · vacancy 2.30% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$10.29M
$9.00M – $12.00M
NOI $720,147 @ 7.0% cap · market cap 12.00%
Second Best
Warehouse
$5.28M
$4.62M – $6.16M
NOI $369,716 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$12.55M
$10.98M – $14.64M
NOI $878,472 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with two dock doors featuring levelers and shelters, plus two crane rail systems.
Where is this flex space located?
The property is located at 9870 Crescent Park Dr West Chester, OH.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 70,000 SF flex space on 5.69 acres; 6,000 SF office space; Two docks with levelers and shelters
