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    106 Wellington Place Cincinnati, OH 45219

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    For Lease
    Contact for pricing

    Professional office suites for lease, all-inclusive rent, receptionist included.

    Type:OFC, OFC-BLDG, OFC-MED
    Property size:
    4,892 SF
    Added:
    Sep 18, 2025
    Days on Market:
    203
    Last Refresh:
    Apr 3 at 4:59 am

    Property Features for 106 Wellington Place

    General Information

    Standard status
    Active
    Size
    4,892 SF
    Property subtype
    OFC, OFC-BLDG, OFC-MED

    Spaces For Lease

    at 106 Wellington Place Contact us

    We can help!

    Listing Contact
    Russ Kitzberger
    Russ Kitzberger

    Listing agent Russ Kitzberger

    Listing office Commercial Real Estate and Business Brokerage Group-EXP Commercial

    Listing date Sep 18, 2025

    Source Realnex

    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 Commercial Real Estate and Business Brokerage Group-EXP Commercial

    Overview

    Move-in-Ready Office Suites for Lease

    Office suites are available for lease in a 4,892 square foot building. The suites are move-in-ready and suitable for small office users. Single and multi-office units are available. The lease structure is all-inclusive, with rent covering reception, all utilities, and full-service management. The property is exceptionally well-suited for medical, executive, and mental health providers, with existing professional co-tenants. Its location provides immediate access to major healthcare providers, including Christ Hospital and The University of Cincinnati. A variety of suites are available across three floors. Suite 13, located on the first floor, offers 240 square feet and is available now. On the second floor, Suite 21 provides 160 square feet, Suite 24 offers 180 square feet, Suite 25 includes 99 square feet, and Suite 26 features 77 square feet; all are currently available. Lower Level Suites (L1-L5) of various sizes will be available in January 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rooney Shelley a PhD Physician Gail Friedman Ed. ... Physician Friedeman Elliott M ... Physician Dr. Fredrick E. ... Physician Behavioral Science Center ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.5104675
    Latitude
    39.1246193

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    FAQs

    What type of property is this?
    Medical Office Space - Professional office suites for lease, all-inclusive rent, receptionist included.
    Where is this medical office space located?
    The property is located at 106 Wellington Place Cincinnati, OH.
    What are key features of this property?
    This property features: All‑inclusive rent covers reception, utilities, and full‑service management.; Prime location with immediate access to major healthcare providers like Christ Hospital and the University of Cincinnati.; Move‑in‑ready office space suitable for small office users.
    (513) 622-9728
    We can help!
    Listing Contact
    Russ Kitzberger
    Russ Kitzberger
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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