Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1523 Republic St, Unit 101 Cincinnati, OH 45202-1252
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    1523 Republic St, Unit 101 Cincinnati, OH 45202-1252

    View on Map
    • Office properties & Spaces
    Off-Market
    Last Sale Mar 19, 2025
    $230,000
    Property ID
    US66-5188977
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Steelite Showroom / Corporate Office

    Property Details for 1523 Republic St

    Property type
    Office properties & Spaces
    APN
    081-0004-0509-00
    APU
    810004050900

    Description

    This exceptional 1,630 square foot condominium, located at 1523 Republic Street in Cincinnati, Ohio's vibrant Over-the-Rhine neighborhood, presents a unique opportunity for both sale and lease. Classified as a Class B property, this versatile space boasts a flexible open floor plan ideal for a variety of uses, including creative office space, retail, or even event hosting. Its prime location offers easy access to downtown Cincinnati, Clifton, and major interstates I-71 and I-75, ensuring excellent connectivity and visibility. The abundance of natural light streaming through large windows creates a bright and inviting atmosphere. The property's features extend beyond the main space, including valuable storage space located in the lower level. This multi-use condominium is perfect for businesses seeking a stylish and functional space in a thriving urban setting. The property is zoned for both office and retail uses, offering significant flexibility for potential tenants or owners. The address is 1523 Republic Street, Cincinnati, OH 45202. This is a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5168
    Latitude
    39.1123
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,707
    $26,250
    $74,960
    $101,210
    -
    $75,000
    $214,170
    $289,170

    Comparable in this City

    • Value Estimation by Request
      30,240 SF

      214 8Th St

      Coworking space • 30,240 SF
      214 8Th St, Cincinnati, OH 45202
      View Details
    • Value Estimation by Request

      1417-1421 Main St Sta, Unit A

      CONDOMINIUM OFFICES
      1417-1421 Main St Sta, Cincinnati, OH 45202
      View Details
    • Value Estimation by Request

      1341 Main St, Unit 1

      CONDOMINIUM OFFICES
      1341 Main St, Cincinnati, OH 45202-6321
      View Details
    • Value Estimation by Request

      15 4th St, Unit 104

      CONDOMINIUM OFFICES
      15 4th St, Cincinnati, OH 45202-3636
      View Details
    • Value Estimation by Request

      104 9th St1b

      CONDOMINIUM OFFICES
      104 9th St1b, Cincinnati, OH 45202-1974
      View Details
    • Value Estimation by Request

      1505 Vine St

      CONDOMINIUM OFFICES
      1505 Vine St, Cincinnati, OH 45202-3809
      View Details

    Similar Nearby for Sale

    • $1,900,000
      8,000 SF

      Office and Retail Flex Space

      Office and retail flex spaces available for lease.
      123-127 E 4Th St, Cincinnati, OH 45202
      View Details
    • $1,500,000
      10,420 SF

      Mixed-Use Building in Downtown Cincinnati

      Multi-level mixed-use building in the heart of Downtown Cincinnati.
      6 W 4Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing
      68,552 SF

      Four-Story Office Building with Elevator

      Charming office building with conversion potential in Cincinnati's CBD.
      630 Main St, Cincinnati, OH 45202
      View Details
    • Contact for pricing

      Creative Office Building in OTR

      23,548 SF creative building in vibrant Over-the-Rhine.
      212 E 14Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing

      Downtown Cincinnati Office Building

      Office building near stadium and City Hall in downtown Cincinnati.
      895 Central Ave, Cincinnati, OH 45202
      View Details
    • $325,000
      3,096 SF

      Updated Commercial Building Near Pendleton

      Turnkey commercial building between OTR and Historic Pendleton District.
      1210 Sycamore St, Cincinnati, OH 45202
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space Available for Rent

      Commercial space available for rent at 425 Walnut Street.
      425 Walnut St, Cincinnati, OH 45202
      View Details
    • Contact for pricing

      110 Shillito Place, Cincinnati

      Office and retail spaces available for rent in Cincinnati.
      110 Shillito Pl, Cincinnati, OH 45202
      View Details
    • $22 SF/Yr
      16,400 SF

      Downtown Cincinnati Office Suites

      Prime Office Space, 7,000 SF Available
      114 8Th St, Cincinnati, OH 45202
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 895 Central Ave, Cincinnati.
      895 Central Ave, Cincinnati, OH 45202
      View Details
    • Contact for pricing

      Office Space with Natural Light

      Office space featuring large windows, brick walls, and wood flooring.
      1100 Sycamore St, Cincinnati, OH 45202
      View Details
    • $14 SF/Yr
      2,820 SF

      Office Space with Separate Entrance

      Office space for rent with convenient highway access and parking.
      2055 Reading Rd, Cincinnati, OH 45202
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1523 Republic St, Unit 101
    Cincinnati, OH 45202-1252
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1523 Republic St, Cincinnati, OH, 45202
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!