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    201 5Th St Cincinnati, OH 45202

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    For Lease
    Contact for pricing

    Downtown Cincinnati Office, 11 Suites Available

    Lot size:
    501,024 SF

    Property Features for 201 5Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    501,024 SF
    Class
    A
    Total Rate
    582440.4

    Building Details

    Stories
    27

    Spaces For Lease

    at 201 5Th St, Cincinnati, OH 45202 Contact us
    Unit Suite 1105

    $15 /Mo

    Size
    4,795 SF
    Contact us
    Unit Suite 1800

    $16 /Mo

    Size
    10,834 SF
    Contact us
    Unit Suite 720

    $14 /Mo

    Size
    2,290 SF
    Contact us
    Unit Suite 1410

    $15 /Mo

    Size
    4,316 SF
    Contact us
    Unit Suite 1300

    $15 /Mo

    Size
    6,410 SF
    Contact us
    Unit Suite 2120

    $17 /Mo

    Size
    4,559 SF
    Contact us
    Unit Suite 710

    $14 /Mo

    Size
    1,700 SF
    Contact us
    Unit Suite 1820

    $16 /Mo

    Size
    3,128 SF
    Contact us
    Unit Suite 1120

    $15 /Mo

    Size
    3,197 SF
    Contact us
    Unit Suite 920

    $14 /Mo

    Size
    3,176 SF
    Contact us
    Unit Suite 600

    $14 /Mo

    Size
    18,169 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    John Eckert
    John Eckert

    Listing Agency: CBRE Cincinnati Listing Agent: John Eckert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This Class A, 27-story PNC Center offers 501,024 square feet of prime office space in the heart of Cincinnati's central business district, at 201 East Fifth Street, zip code 45202, Hamilton County, Ohio. The building boasts a recently completed $3 million lobby renovation, showcasing its timeless international architectural style. Multiple tenancy options are available, ranging from 1,570 square feet to a maximum contiguous space of 10,998 square feet, with a total of 80,288 square feet currently vacant. The building features 9-foot ceilings, a Multi-Zone VAV zoning system, and yes, elevators are available. Parking is convenient with a 1:1,250 parking ratio, shared with the adjacent First Financial Center, providing ample spaces for tenants and visitors. The strategic location at 5th and Main Street places the building within close proximity to major corporations such as Procter & Gamble, Chemed Corporation, and Convergys, as well as numerous amenities including fine dining, shopping, hotels, and exclusive clubs. The building's Energy Star designation reflects its commitment to energy efficiency. This exceptional property offers a superior business environment designed to attract and retain top-tier employees and tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Terillium Business To Business Service Intelligent Media, LLC (Bike/Boat/Book/etc) Store Shea Jane Hils Law Firm Sims Jud B Law Firm Ascribe (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5092599
    Latitude
    39.1014052

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    FAQs

    What type of property is this?
    Office space - Downtown Cincinnati Office, 11 Suites Available
    Where is this office space located?
    The property is located at 201 5Th St Cincinnati, OH.
    What is the lease rate?
    The lease rate is $14-$17 SF/Yr.
    What are key features of this property?
    This property features: 27-Story High-Rise Building; 9-Foot Ceiling Heights; Multi-Zone Variable Air Volume (VAV) HVAC System
    (513) 369-1300 Call to check price and availability
    Request Owner's contact information
    201 5Th St Cincinnati, OH 45202
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    Cincinnati, OH 45202
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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
    201 5Th St Cincinnati, OH 45202
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Eckert
    John Eckert
    Real Estate License ID: 0000367777
    (513) 369-1300 (513) 369-1360 (513) 369-1321
    Learn more
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