Fully Occupied Flex
5060 Corbin Dr Bedford Heights, OH 44128
5060 Corbin Dr, Bedford Heights, OH, 44128
Contact for pricing
For Sale
Contact for pricing
Flex building with functional industrial features and current full occupancy.
Property Size29,166 SF
Price / SF$75.43
Days on Market113
Property Features for 5060 Corbin Dr
General Information
- Standard status
- Active
- Size
- 29,166 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1971
Listing agency
Matthews
Listed by
Evan Cianciolo · License #OH2023004160
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 11:06PM Checked: Jul 21 at 11:06PM
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 Matthews
Investment Insights
Based on property information with market context.
This flex building is currently fully occupied and includes functional industrial features suitable for a mix of light industrial and workspace uses. The property is offered for sale.
The address is 5060 Corbin Dr in Bedford Heights, Ohio 44128.
With its flex configuration, the building is designed to support operational needs while maintaining practical space for business activity.
The address is 5060 Corbin Dr in Bedford Heights, Ohio 44128.
With its flex configuration, the building is designed to support operational needs while maintaining practical space for business activity.
Key Highlights
- Flex building built in 1971
- Currently fully occupied
Local Financial Insights For Flex RnD
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 | $171.5k | $5.88 |
| − Vacancy | −$9.4k | −$0.32 |
| EGI | $162.1k | $5.56 |
| − OpEx | −$56.7k | −$1.94 |
| NOI | $105.3k | $3.61 |
29,166 SF · lease $5.88/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$23.37M
$20.45M – $27.26M
NOI $1,635,835 @ 7.0% cap · market cap 74.36%
Second Best
Industrial
$19.25M
$16.84M – $22.45M
NOI $1,347,158 @ 7.0% cap · market cap 61.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Caterology — 23050 Miles Rd, Bedford Heights, OH 44128
FAQs
What type of property is this?
Flex space - Flex building with functional industrial features and current full occupancy.
Where is this flex space located?
The property is located at 5060 Corbin Dr Bedford Heights, OH.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Flex building built in 1971; Currently fully occupied
