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Property profile & analytics
FOR LEASE
Office buildings
4770 Duke Dr Mason, OH 45040
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-2114156
For Lease
1 / 213
$11.75 SF/Yr
4770 Duke Dr, Mason, OH 45040
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Property summary
AI-generated overview
This exceptional Class A office building, located at 4770 Duke Drive in Mason, Ohio, 45040, offers a variety of leasing opportunities. Built in 1986, this three-story building boasts a total of 25,179 square feet, with multiple tenancy options available. Spaces range from a minimum of 899 square feet to a maximum contiguous space of 2,481 square feet, with 4,445 square feet currently vacant. The building's convenient location provides easy access to I-71 and Mason Montgomery Road, ensuring excellent accessibility for employees and clients. A key feature is a fully equipped conferencing facility capable of accommodating up to 50 people, ideal for meetings, presentations, or training sessions. The building's traditional office layout is complemented by executive office suites, providing flexibility for various business needs. This property presents a rare opportunity to secure prime office space in a highly desirable location. The building's amenities and strategic location make it an attractive option for businesses seeking a professional and efficient workspace. Contact us today to explore the available spaces and discuss your leasing requirements.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,179 SF
Lot
4.56 ac (198,459 SF)
APN
16-26-170-004-0
UPID
US66-2114156
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trak-1 - Trak-1 Technology General Contractor
-
Bastian Solutions Cincinnati Production Facility
-
ICR, Inc Corporate Office
-
FounderLife Business Management Consultant
-
Royal United Mortgage LLC Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.35M
Comparable Approach
Comparable
$5.05M
Blend (final)
Blend
$5.63M
Owner & transaction history
2 Douglas LLC · 8 yrs held
2 Douglas LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+92.4%
Retail stores
$6.9M
+58.5%
Auto repair, garage
$6.1M
+41.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mason submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mason submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,790,000
6.5%
$5,345,000
7%
$4,965,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,325,000
Current use
RESTAURANT
$8,320,000
Change: +92% · Conversion: Moderate
RETAIL STORES
$6,855,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,100,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,010,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,385,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$5.63M
Range $5.06M – $6.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$223 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$116,911
Tax year 2023
Assessed value
$1,626,905
Assessed 2023
Previous assessed
$1,626,905
+0.0% YoY
Effective rate
7.19%
On assessed value
Assessed land
$215,285
Assessed improvement
$1,411,620
Land market value
$615,100
Improvement market value
$4,033,200
Total market value
$4,648,300
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
25,179 SF
Lot
4.56 ac (198,459 SF)
APN
16-26-170-004-0
UPID
US66-2114156
Jurisdiction
WARREN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
RESTAURANT
Est. value
$8.3M
RETAIL STORES
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
4.56 ac
Current owner
From public records · entity-resolved
2 Douglas LLC
Entity
Mailing address
4770 DUKE DR, MASON, OH 45040-9376
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2018
$8,350,000
2 Douglas LLC
4700 Duke Drive Holdings LLC
Trustees Deed
$7,860,493 · Northern Tr
Dec 11, 2017
—
4770 Duke Drivellc
—
Deed
related
$4,900,000 · Tiaa Fsb
Jul 14, 2017
—
4770 Duke Drive LLC
4770 Investment Partners LLC
Quit Claim Deed
related
—
Oct 15, 2015
$370,000
4770 Investment Partners LLC
Duke Realty Ohio
Grant Deed
—
—
—
4770 Duke Drivellc
—
Deed Of Trust
related
$4,900,000 · Tiaa Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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