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    214 8Th St Cincinnati, OH 45202

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    For Lease
    $10 SF/Yr

    Historic building, modern coworking suites. Prime location.

    Lot size:
    30,240 SF

    Property Features for 214 8Th St

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,240 SF
    Class
    B
    Total Rate
    25200

    Building Details

    Year Built/Renovated
    1892/2020
    Buildings
    1
    Stories
    6

    Spaces For Lease

    at 214 8Th St, Cincinnati, OH 45202 Contact us
    Unit 3rd Floor

    $10 /Mo

    Size
    2,747 SF
    Contact us
    Unit 6th Floor

    $12 /Mo

    Size
    4,028 SF
    Contact us

    We can help!

    Listing Contact
    Nick Barela
    Nick Barela

    Listing Agency: Republic Commercial Real Estate Listing Agent: Nick Barela

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

    Learn more

    Overview

    This exceptional coworking opportunity is located in a beautifully renovated, six-story building at 214 East 8th Street, situated on a prominent corner lot in Hamilton County. Built in 1892 and extensively renovated in 2020, this Class B office building offers a unique blend of historic charm and modern amenities. The total building size is 30,240 square feet, with two suites available, ranging from 2,747 to 4,028 contiguous square feet. A total of 6,775 square feet is currently vacant and ready for immediate occupancy. The space features 12-foot ceilings and a creative loft-style design. Building amenities include 24/7 access, private elevator access to both floors, a loading dock, and freight elevator access. The property sits on 0.11 acres of land and is zoned DD. The building's address is 214 East 8th Street, with a cross street of Main. The Hamilton County APN is 079-0004-0082-00. Asking rent is $10.00 to $12.00 per square foot. While parking information is unavailable, the building's central location offers easy access to public transportation. This move-in ready space is perfect for businesses seeking a unique and convenient downtown location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Koop Diamond Cutters ... (Bike/Boat/Book/etc) Store Leap Amp Marketing & Advertising Alias Imaging Photography Photography Service Wings Model Management Marketing & Advertising Golden Mean Studios Recording Studio

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness 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
    -84.5098662
    Latitude
    39.105145

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    FAQs

    What type of property is this?
    Coworking space - Historic building, modern coworking suites. Prime location.
    Where is this coworking space located?
    The property is located at 214 8Th St Cincinnati, OH.
    What is the lease rate?
    The lease rate is $10-$12 SF/Yr.
    What are key features of this property?
    This property features: 30,240 SF Class B office building, 2 suites available.; Coworking space with 6,775 SF vacant, divisible into 2,747 - 4,028 SF units.; Located at 214 East 8th Street, Hamilton County, on a 0.11-acre lot.
    (513) 549-5440
    Request Owner's contact information
    214 8Th 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
    214 8Th St Cincinnati, OH 45202
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    Listing Contact
    Nick Barela
    Nick Barela
    Real Estate License ID: 2011000312
    (513) 549-5440
    Learn more
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