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Financial
Distress signals
Property profile

255 East 5Th St Cincinnati, OH 45202

FOR LEASE
Parking lots & garages
Property ID
US66-2516887
972 SF 1.15 ac lot Built 1978
Last sale Jul 2018 · $53,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
255 East 5Th St, Cincinnati, OH 45202 For Lease
$14.95 SF/Yr 40,783 SF available
255 East 5Th St, Cincinnati, OH 45202
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Property summary

AI-generated overview

This iconic Class A, 30-story First Financial Center offers unparalleled office space in the heart of Cincinnati's Central Business District. Built in 1991, this prestigious high-rise boasts 553,659 square feet of available space, divisible into units as small as 6,641 square feet and up to a contiguous 20,189 square feet. Multiple tenancy options are available to accommodate various business needs. The building features a convenient onsite parking garage with 1,233 spaces, ensuring ample…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$429k
Tax billed · 2023

Value estimate

· Oct 2026
$95k
$86k – $105k
NOI build-up
Gross scheduled income$842k
Vacancy & credit loss−$193k
Operating expenses−$162k
NOI · 3,255,839.46% cap applied$487k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$109/SF
Submarket average, outlier-cleaned · 94 recorded sales of this use type
Observed band · Q1–Q3$54 – $201

Cap rate analysis

How does the asset earn?
3,255,839.46%
$487k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Tanning Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tanning Salon8.0
Veterinary Clinic7.9
Pet Grooming Service7.7

Location

255 East 5Th St Cincinnati, OH 45202
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1446 Walnut, Cincinnati, OH 45202 $1,500,000 Dec 2025 3,600 SF
36 7th, Cincinnati, OH 45202-4434 $7,300,000 Sep 2024 16,800 SF
309 5th, Cincinnati, OH 45202 $45,000 Jul 2023 7,220 SF
305 5th, Cincinnati, OH 45202 $45,000 Jul 2023 10,890 SF
317 9th, Cincinnati, OH 45202-2259 $1,051,274 Jul 2022 10,993 SF
231 Ct, Cincinnati, OH 45202 $1,070,000 Jan 2022 2,536 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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