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    Bedford Office Building For Sale Title is generated by Realmo AI

    3-4 Hemisphere Way, Bedford, OH

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    Well-maintained 18,961 SF office building in Bedford, Ohio.

    Type:OFFICE
    Property size:
    18,961 SF
    Lot size:
    3.01 Acres
    Price / SF:
    $131/SF
    Added:
    May 7, 2025
    Days on Market:
    400
    Last Refresh:
    May 19 at 8:56 pm

    Property Features for 3-4 Hemisphere Way

    General Information

    Standard status
    Active
    Size
    18,961 SF
    Lot size
    3.01 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Jeremy Steiger, SIOR

    Listing agent Jeremy Steiger, SIOR

    Listing office Lee & Associates | Cleveland

    Listing date May 7, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Cleveland

    HighLights

    • Substantial on‑site solar array significantly reduces energy costs (2023 utility expense: $3,527.64).
    • Meticulously maintained 18,961 SF office building.
    • Built in 2008, offering modern construction and design.
    • Strategic location in Bedford, a thriving commercial hub.
    • Approximately 12‑minute drive from the I‑271 Chagrin Boulevard exit.
    • Two distinct units designed for versatility and functionality.

    Overview

    This meticulously maintained 18,961 SF office building, constructed in 2008, presents a prime investment opportunity in Bedford. The property features two distinct units designed for versatility and functionality. It benefits from a substantial on-site solar array, which produces the vast majority of energy consumed on the property. The total utility expense for the building in 2023 was $3,527.64. Strategically located in Bedford, approximately a 12-minute drive from the I-271 Chagrin Boulevard exit, this well-appointed building offers ample parking. Its modern construction and thoughtful layout make it an ideal canvas for businesses seeking quality office space in an established and dynamic area. This property is designed to meet the needs of today's discerning investors in search of a sound real estate opportunity.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $359.5k $18.96
    − Vacancy −$88.1k −$4.65
    EGI $271.4k $14.31
    − OpEx −$67.9k −$3.58
    NOI $203.6k $10.74
    18,961 SF · lease $18.96/SF/yr · vacancy 24.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.91M
    $2.54M – $3.39M (±1% cap)
    NOI $203,567 @ 7.0% cap · market cap 8.14%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $15.19M
    $13.29M – $17.72M (±1% cap)
    NOI $1,063,466 @ 7.0% cap · market cap 42.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5348
    Latitude
    41.3785

    FAQs

    What type of property is this?
    Office building - Well-maintained 18,961 SF office building in Bedford, Ohio.
    Where is this office building located?
    The property is located at 3-4 Hemisphere Way Bedford, OH.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Substantial on‑site solar array significantly reduces energy costs (2023 utility expense: $3,527.64).; Meticulously maintained 18,961 SF office building.; Built in 2008, offering modern construction and design.
    (216) 282-0100 Call to check price and availability
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