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    895 Central Ave Cincinnati, OH 45202

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    For Lease
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    Office space for lease at 895 Central Ave, Cincinnati.

    Type:Office
    Added:
    Oct 16, 2024
    Days on Market:
    552
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 895 Central Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1987

    Spaces For Lease

    at 895 Central Ave Contact us

    Tenth Floor Suite 1050 $9 /Mo

    Size
    4,874 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=XaQmX8hD1Fb
    Contact us

    Second Floor Suite #4 $9 /Mo

    Size
    3,383 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=vJJV8ypLqxt
    Contact us

    Eighth Floor Suite 800 $9 /Mo

    Size
    6,361 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=XGam2MwsUY9
    Contact us

    Second Floor $9 /Mo

    Size
    12,801 SF
    Type
    Office
    Base Rent $9.70/SFn2025 Opex Est. $7.25/SFn$16.95 MG
    Contact us

    9th Floor $9 /Mo

    Size
    15,198 SF
    Type
    Office
    Base Rent $9.70/SFn2025 Opex Est. $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=9zGmX6Abf43
    Contact us

    First Floor $9 /Mo

    Size
    2,422 SF
    Type
    Office
    Base Rent $9.70/SFn2025 Opex Est. $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=bhnJfMP8hif
    Contact us

    Eighth Floor Suite 850 $9 /Mo

    Size
    2,696 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=Kc5S2DCTi2L
    Contact us

    11th Floor $9 /Mo

    Size
    15,198 SF
    Type
    Office
    Base Rent $9.70/SFn2025 Opex Est. $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=MNcccBheyqR
    Contact us

    Second Floor Suite #1 $9 /Mo

    Size
    6,135 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=qd9emKqAVpZ
    Contact us

    Tenth Floor Suite 1010 $9 /Mo

    Size
    2,619 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=rejb6ae7sd1
    Contact us

    Second Floor Suite #2 $9 /Mo

    Size
    649 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=HJBZTcT3VfG
    Contact us

    Second Floor Suite #3 $9 /Mo

    Size
    2,634 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=YWhuQ47NbTC
    Contact us

    3rd Floor $9 /Mo

    Size
    4,120 SF
    Type
    Office
    Base Rent $9.70/SFn2025 Opex Est. $7.25/SFn$16.95 MG
    Contact us

    Eighth Floor Suite 830 $9 /Mo

    Size
    3,447 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MG
    Contact us

    Eighth Floor Suite 834 $9 /Mo

    Size
    1,245 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=4iG7NkRRViN
    Contact us

    Tenth Floor Suite 1030 $9 /Mo

    Size
    1,697 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MG
    Contact us

    Tenth Floor Suite 1000 $9 /Mo

    Size
    5,034 SF
    Type
    Office
    Base Rent: $9.70/SFn2025 OPEX EST.: $7.25/SFn$16.95 MGnVirtual Tour: https://my.matterport.com/show/?m=fWh3TsqR88n
    Contact us
    Show more

    We can help!

    Listing Contact
    Dan McDonald
    Dan McDonald

    Listing agent Dan McDonald License #OH SAL.0000440271

    Listing office Lee & Associates - Cincinnati

    Listing date Oct 16, 2024

    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 Lee & Associates - Cincinnati

    Overview

    Office Space Available For Lease

    Office space is available for lease at 895 Central Ave in Cincinnati, OH 45202.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Scott Mullins Law, ... Law Firm Pecquet Janet E Law Firm Beckman Weil Shepardson ... Law Firm Crawford Lisa K Law Firm Epilepsy Alliance Ohio Social Service Agency

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply Skin Care Clinic

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

    Similar Places Nearby

    • Miles IT — 407 Vine St #169, Cincinnati, OH 45202
    • TecFac Business Services Group — 212 E 3rd St, Cincinnati, OH 45202
    • Accuvant Inc — 312 Walnut St, Cincinnati, OH 45202
    • Saxon Global — 312 Walnut St, Cincinnati, OH 45202, United States
    • HD Live, LLC — 311 Elm St Suite 210, Cincinnati, OH 45202

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Clermont
    State
    Ohio
    Longitude
    -84.5206389
    Latitude
    39.1039849

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    FAQs

    What type of property is this?
    Office property - Office space for lease at 895 Central Ave, Cincinnati.
    Where is this office property located?
    The property is located at 895 Central Ave Cincinnati, OH.
    What are key features of this property?
    This property features: For lease; Year built: 1987
    (513) 608-2984 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dan McDonald
    Dan McDonald
    Real Estate License ID: OH SAL.0000440271
    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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