Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    647 Broadway Ave Bedford, OH

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,175,000

    Specialty property available for sale in Bedford, Ohio.

    Property size:
    12,762 SF
    Lot size:
    0.94 Acres

    Property Features for 647 Broadway Ave

    General Information

    Size
    12,762 SF
    Lot size
    0.94 Acres

    We can help!

    Listing Contact
    Nick Yaldo
    Source: Moodyscre

    Listing Agent: Nick Yaldo

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

    Learn more

    Overview

    Broadway Avenue Specialty Property

    A specialty property is available for sale on Broadway Avenue in Bedford, Ohio. The property encompasses 12,762 square feet.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5365094
    Latitude
    41.3931096

    Nearby Similar for Sale

    • $260,000
      3,848 SF

      Bedford Triplex: Cash Flowing Investment

      Well-maintained, fully occupied triplex in Bedford, Ohio with recent upgrades.
      772 Broadway Ave, Bedford, OH 44146
      View Details
    • $615,000
      4,648 SF

      Retail Property in High-Traffic Location

      Well-maintained retail building with recent improvements and income potential.
      401-403 Broadway Ave, Bedford, OH 44146
      View Details
    • $239,000
      0.41 Acres

      Spacious Bedford Home on Large Lot

      Well-maintained Bedford home with potential rental unit and large lot.
      5385 Bartlett Rd, Bedford, OH 44146
      View Details
    • $229,000
      1,932 SF

      Classic Bedford Duplex Investment Property

      Turnkey duplex in Bedford, tenant-occupied, instant cash flow.
      45 1St Ave, Bedford, OH 44146
      View Details
    • $2,500,000
      18,961 SF

      Bedford Office Building For Sale

      Well-maintained 18,961 SF office building in Bedford, Ohio.
      3-4 Hemisphere Way, Bedford, OH 44146
      View Details
    • $1,985,000

      Auto Dealership on Auto Mile

      Fully equipped dealership on Bedford's premier auto sales corridor.
      424 Broadway Ave, Bedford, OH
      View Details
    • $2,500,000
      18 SF

      Well-Maintained Bedford Office Building

      18,961 SF office building in Bedford, built in 2008.
      3 Hemisphere Way, Bedford, OH 44146
      View Details
    • $349,000
      51,231 SF

      Bedford Industrial Facility: Value-Add Opportunity

      51,231 SF industrial facility in Bedford, OH for sale.
      33 Industry Dr, Bedford, OH 44146
      View Details
    • $449,000
      5,600 SF

      Retail Building in Historic Downtown

      Income-producing retail building in Bedford's historic downtown neighborhood.
      673-681 Broadway Ave, Bedford, OH
      View Details
    • $1,872,711
      35,904 SF

      Manufacturing Space with Heavy Power

      35,904 SF manufacturing space near Downtown Bedford and I-271.
      205 Willis St, Bedford, OH 44146
      View Details
    • $1,950,000
      19,129 SF

      Bedford Auto Mile Facility

      Turn-key auto facility with showroom, service bays, and carwash.
      11 Broadway Ave, Bedford, OH
      View Details
    • $225,000
      1,255 SF

      Bedford Mixed-Use Corner Property

      High-traffic location, two buildings, B-2 zoning.
      26004 Pettibone Rd, Bedford, OH 44146
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for sale in Bedford, Ohio.
    Where is this specialty property located?
    The property is located at 647 Broadway Ave Bedford, OH.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: - No selling points could be extracted from the provided information.
    (248) 970-2648
    Request Owner's contact information
    647 Broadway Ave Bedford, OH
    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.
    647 Broadway Ave
    Bedford, OH
    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
    647 Broadway Ave Bedford, OH
    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

    We can help!
    Listing Contact
    Nick Yaldo
    (248) 970-2648
    Learn more
    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.