1010 Race Street, Cincinnati, OH 45202
Renovated building with first-floor retail and flexible work-live/office space above, offering multiple kitchens and bath setups.
- Added:
- Dec 29, 2025
- Days on Market:
- 159
- Last Refresh:
- Jun 1 at 2:54 pm
Property Features for 1010 Race Street
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Land
Building Details
- Year Built
- 1880
Listing agent Leticia Martinez
Listing office Keller Williams Seven Hills Re
Listing date Dec 29, 2025
Source Crexi
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 Keller Williams Seven Hills Re
HighLights
- Renovated 5‑story commercial building in Downtown Cincinnati near OTR, zoned for flexible use.
- About 10,000 sq ft total (~2,000 sq ft per floor), with first‑floor retail and office/work‑live loft options above.
- Each floor includes its own kitchen; floors 1, 2, and 4 have two half baths each.
- Floors 3 and 5 feature one full bath and one‑half bath each.
- Floors 1–3 are currently vacant and available for lease at $2,400 per month per floor.
Overview
The property is positioned in downtown Cincinnati, described in the offering as right at the edge of OTR. The immediate setting is characterized by surrounding dining, entertainment, and urban amenities, supporting tenant interest from retail users on the ground level through office or creative users above. For occupancy planning, the building supports both multi-floor control and level-by-level availability.
For investors and owner-occupants, the flexible zoning and mixed retail/office configuration can accommodate a range of work-from-home businesses, creative studios, or open-concept office setups. With multiple independently planned levels and kitchens, it may also suit operators looking for dedicated in-unit functionality by floor. Floors 1–3 are available for lease at $2,400 per month per floor, providing a starting point for phased leasing.
Local Financial Insights For Mixed Use
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 | $216.0k | $21.60 |
| − Vacancy | −$21.6k | −$2.16 |
| EGI | $194.4k | $19.44 |
| − OpEx | −$72.9k | −$7.29 |
| NOI | $121.5k | $12.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Clermont
- State
- Ohio
- Longitude
- -84.5158809
- Latitude
- 39.1064598
