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    191 Rosa Parks St Cincinnati, OH 45202

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    For Lease
    Contact for pricing

    Class A Office, 97,392 SF Available

    Lot size:
    407,712 SF

    Property Features for 191 Rosa Parks St

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    407,712 SF
    Class
    A
    Total Rate
    951328

    Building Details

    Year Built
    2016
    Stories
    12

    Spaces For Lease

    at 191 Rosa Parks St, Cincinnati, OH 45202 Contact us
    Unit 9th Floor

    $28 /Mo

    Size
    32,464 SF
    Contact us
    Unit 7th Floor

    $28 /Mo

    Size
    32,464 SF
    Contact us
    Unit 6th Floor

    $28 /Mo

    Size
    Contact us
    Unit 5th Floor

    $28 /Mo

    Size
    32,464 SF
    Contact us
    Unit 4th Floor

    $28 /Mo

    Size
    32,464 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Scott Yards, Ccim
    Scott Yards, Ccim

    Listing Agency: CBRE | Cincinnati Listing Agent: Scott Yards, Ccim

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A office space, located at 191 Rosa Parks St. in Cincinnati's Central Business District (CBD) at The Banks, offers a unique sublease opportunity. The property boasts a total of 407,712 square feet across twelve stories, built in 2016. This sublease offers a contiguous block of 97,392 square feet, ideal for a large tenant seeking a prominent presence in the heart of the city. Smaller tenants may also find suitable space, as the minimum divisible unit is 32,464 square feet. The building features a total of three suites. The space is available immediately and is offered at a gross rate of $28.00 per square foot, plus electricity. The master lease on this space expires September 31, 2031, providing long-term stability for the subtenant. This Hamilton County location within the Class A submarket cluster offers unparalleled access to amenities and transportation, making it an attractive option for businesses of all sizes. The building's modern design and prime location make it a highly sought-after address. This is a rare opportunity to secure significant, high-quality office space in a vibrant and dynamic urban setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx Drop Box Shipping Company First Student, Inc. School Bus Service Advantage Resourcing Employment Agency PNC ATM Atm GE Global Operations ... Business Service Center

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.511927173001
    Latitude
    39.096778733135

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    FAQs

    What type of property is this?
    Office units - Class A Office, 97,392 SF Available
    Where is this office units located?
    The property is located at 191 Rosa Parks St Cincinnati, OH.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Class A, 407,712 SF office building in Hamilton County's CBD submarket.; Sublease opportunity with 97,392 SF of contiguous vacant space available.; Building features 3 suites, minimum divisible space of 32,464 SF.
    (513) 369-1300 Call to check price and availability
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    191 Rosa Parks 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
    191 Rosa Parks St Cincinnati, OH 45202
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    Contact for Pricing
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    and status of this listing Scott Yards, Ccim
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