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Bedford Office Building For Sale

3-4 Hemisphere Way, Bedford, OH

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For Sale

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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

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.

We can help!

Listing Contact

Jeremy Steiger, SIOR

Learn more

For Sale

Contact for pricing

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

We can help!

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

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

Location Insight

Map
Local Demand

City: Bedford
County: Cuyahoga
State: Ohio
Longitude: -81.5348
Latitude: 41.3785

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For sale
Office buildings
OH
Bedford
3-4 Hemisphere Way

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.

3-4 Hemisphere Way, Bedford, OH

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

Property Features for 3-4 Hemisphere Way

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail Investment Opportunity in Bedford, OH

Prime Retail Investment Opportunity

Manufacturing Space with Heavy Power

Renovated Industrial Space Available

Leased Bank Building with Absolute NNN

48,852 SF Church and School

Wash N Go Portfolio

Auto Dealership on Auto Mile

Dollar Store Portfolio Opportunity

Bowling Alley with Income Potential

Restaurant Outparcel Near Major Retailers

Turnkey Duplex Package Investment

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