Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    895 Central Ave Cincinnati, OH 45202

    • Office buildings
    • 0.88 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Last Sale
    Jun 30, 2022
    $5,950,000
    Value Estimations
    $6,300,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2694893
    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.

    Current Use by Public Records

    • Scott Mullins Law, Beckman Weil, Shepardson LLC / Personal Injury Attorney / Attorney
    • Pecquet Janet E / Attorney
    • Beckman Weil Shepardson LLC / Attorney / Legal Services
    • Crawford Lisa K / Insurance Attorney
    • Epilepsy Alliance Ohio / Social Services Organization

    Property Details for 895 Central Ave

    Year built
    1988
    Lot size
    0.88 lot acres
    Property type
    Office buildings
    APN
    146-0006-0122-00
    APU
    1460006012200

    Description

    Centennial Plaza III, located at 895 Central Ave in Cincinnati, OH 45202, offers exceptional office space in a vibrant downtown location. This eleven-story building boasts a total of 164,263 square feet, with 88,040 square feet currently available for lease. Suites range from a minimum of 649 square feet to a maximum contiguous space of 15,198 square feet, providing flexibility for businesses of all sizes. The building features a traditional office layout with executive office options, perfect for a variety of professional needs. Multiple tenancy is available. Enjoy the convenience of free visitor parking, a significant benefit for clients and employees. The building is situated in a campus setting, offering a professional and welcoming atmosphere. Furthermore, its prime location provides easy access to nearby restaurants and is within walking distance of FC Cincinnati's West End Stadium and City Hall. Garage parking is conveniently located nearby for employees. An on-site conference center adds further convenience and functionality for tenants. This is a rare opportunity to secure high-quality office space in a desirable and well-connected area of downtown Cincinnati. Hamilton County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,640,000
      ML approach
      $6,660,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Cincinnati
    County
    Hamilton
    State
    Ohio
    Longitude
    -84.5208
    Latitude
    39.1039
    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
    $242,812
    $426,212
    $1,643,621
    $2,069,833
    -
    $1,217,750
    $4,696,060
    $5,913,810

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      120 3rd St

      OFFICE BUILDING (MULTI-STORY) • 0.08 Acres
      120 3rd St, Cincinnati, OH 45202-3512
      View Details
    • Value Estimation by Request
      0.07 Acres

      132 3rd St

      OFFICE BUILDING (MULTI-STORY) • 0.07 Acres
      132 3rd St, Cincinnati, OH 45202-3512
      View Details
    • Value Estimation by Request
      1.26 Acres

      400 4th St

      OFFICE BUILDING (MULTI-STORY) • 1.26 Acres
      400 4th St, Cincinnati, OH 45202-3302
      View Details
    • Value Estimation by Request

      200 4th St

      OFFICE BUILDING (MULTI-STORY)
      200 4th St, Cincinnati, OH 45202-2775
      View Details
    • Value Estimation by Request
      0.51 Acres

      626 Main St

      OFFICE BUILDING (MULTI-STORY) • 0.51 Acres
      626 Main St, Cincinnati, OH 45202
      View Details
    • Value Estimation by Request
      12.19 Acres

      545 Race St

      OFFICE BUILDING (MULTI-STORY) • 12.19 Acres
      545 Race St, Cincinnati, OH 45202-2347
      View Details

    Similar Nearby for Sale

    • 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
    • $3,427,600
      68,552 SF

      Four-Story Office Building with Elevator

      Charming office building with conversion potential in Cincinnati's CBD.
      626-644 Main St, Cincinnati, OH 45202
      View Details
    • $4,695,000

      Creative Office Building in OTR

      23,548 SF creative building in vibrant Over-the-Rhine.
      212 E 14Th 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
    • $430,000
      6,000 SF

      Main Street Creative Office Space

      Prime Cincinnati location, 6,000 SF, vacant.
      631 Main St, Cincinnati, OH 45202
      View Details
    • $375,000

      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
      10,000 SF

      Downtown Cincinnati Office Building

      Office building for rent in downtown Cincinnati.
      1008 Race St, Cincinnati, OH 45202
      View Details
    • $8 SF/Yr
      1,214 SF

      Downtown Office Building with Riverfront Views

      Highly visible office building with renovated lobby and panoramic views.
      311 Elm St, Cincinnati, OH 45202
      View Details
    • $12 SF/Yr
      16,400 SF

      Downtown Cincinnati Office Space Available

      16,400 SF office building in the heart of downtown Cincinnati.
      114 E 8Th St, Cincinnati, OH 45202
      View Details
    • $15 SF/Yr
      1,994 SF

      Office Building with Prime Accessibility

      12-story office building with on-site amenities and excellent highway access.
      625 Eden Park Dr, Cincinnati, OH 45202
      View Details
    • $16 SF/Yr
      2,675 SF

      Downtown Cincinnati Office with Retail

      Ten-story office building with first floor retail space available.
      125 E Court St, Cincinnati, OH 45202
      View Details
    • $14 SF/Yr
      202,897 SF

      Downtown Cincinnati Office Space Available

      537,400 SF workplace destination in the heart of Cincinnati.
      250 East 5Th St, 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.
    895 Central Ave
    Cincinnati, OH 45202
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.