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

    1010 Bagley Rd Berea, OH 44017-2906

    • Office buildings
    • 41,131 SF
    • 6.08 lot acres
    OFF-MARKET
    Value Estimations
    $4,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2110463
    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

    • King Engineering / Industrial Manufacturer / Production Facility
    • NOSHOK, Inc. / (Bike/Boat/Book/etc) Store
    • Cloverdale Equipment Co. / Department Store

    Property Details for 1010 Bagley Rd

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    6.08 lot acres
    Property size
    41,131 SF
    Zone code
    LI
    Property type
    Office buildings
    APN
    361-30-002
    APU
    36130002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,697,000
      Market price range: $2.90M - $12.2M
      AI Estimate
      $4,245,000
      Market price range: $2.55M - $9.54M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,710,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8849
    Latitude
    41.3738
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH 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
    $107,797
    $191,520
    $963,480
    $1,155,000
    -
    $547,200
    $2,752,800
    $3,300,000

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      Barrett Rd

      OFFICE BUILDING • 0.20 Acres
      Barrett Rd, Berea, OH 44017
      View Details
    • Value Estimation by Request
      1,514 SF

      136 Bagley Rd

      OFFICE BUILDING (MULTI-STORY) • 1,514 SF
      136 Bagley Rd, Berea, OH 44017-2011
      View Details
    • Value Estimation by Request
      3,065 SF

      10 Beech St

      OFFICE BUILDING • 3,065 SF
      10 Beech St, Berea, OH 44017-2002
      View Details
    • Value Estimation
      $5,955,000
      25,384 SF

      682 Prospect St

      OFFICE BUILDING • 25,384 SF
      682 Prospect St, Berea, OH 44017-2711
      View Details
    • Value Estimation
      $510,000
      2,782 SF

      303 Bagley Rd

      OFFICE BUILDING • 2,782 SF
      303 Bagley Rd, Berea, OH 44017-2040
      View Details
    • Value Estimation
      $875,000
      10,662 SF

      1433 Bagley Rd

      OFFICE BUILDING • 10,662 SF
      1433 Bagley Rd, Berea, OH 44017-2956
      View Details

    Similar Nearby for Sale

    • $1,350,000
      13,069 SF

      13,069 SF Office Building For Sale

      13,069 SF Office Building For Sale
      111 Front Street, Berea, OH 44017
      View Details
    • $269,000
      3,000 SF

      Freestanding Office/Retail Building Near Airport

      3,000 SF office/retail building near Cleveland Hopkins Airport.
      399 Front St, Berea, OH 44017
      View Details
    • $275,000
      0.19 Acres

      Berea Commercial Building with Dual Frontage

      Single-story commercial building in Berea with excellent visibility.
      24 Beech St, Berea, OH 44017
      View Details
    • $191,000

      Condo in Berea with Garage

      Three-bedroom condo in Berea near parks, shops, and restaurants.
      647 Tampico Ct, Berea, OH 44017
      View Details
    • $177,000
      1,000 SF

      Updated Ranch Home with Fenced Yard

      Cozy, updated half duplex ranch with fenced yard.
      458 Sprague Rd, Berea, OH 44017
      View Details
    • $1,000,000
      3,049 SF

      Turnkey Restaurant For Sale

      Freestanding, fully equipped restaurant with ample parking and outdoor patio.
      30 Depot St, Berea, OH 44017
      View Details

    Similar Nearby for Lease

    • $600 /Mo
      10,019 SF

      Updated Office Space For Rent

      Highly visible, updated office space near Browns training facility.
      505 Front St, Berea, OH 44017
      View Details
    • $1,300,000
      4,000 SF

      Renovated Office Space Available

      Contiguous office space for rent, renovated in 1989.
      58 Front St, Berea, OH 44017
      View Details
    • Contact for pricing
      2,596 SF

      Versatile Flex Space Available

      Adaptable flex space suitable for office or industrial use.
      711 Bagley Rd, Berea, OH 44017
      View Details
    • Contact for pricing
      13,219 SF

      Office Space with Courtyard

      Office space featuring a shared courtyard and free parking.
      2 Berea Commons, Berea, OH 44017
      View Details
    • $15 SF/Yr
      350 SF

      Office Space Near Rocky River

      Office space within Baldwin Wallace Campus with open concept.
      30 Park St, Berea, OH 44017
      View Details
    • Contact for pricing
      72,785 SF

      Industrial Property with Loading Docks

      Multi-tenant industrial property featuring loading docks and ample parking.
      210 Sheldon Rd, Berea, OH 44017
      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.
    1010 Bagley Rd
    Berea, OH 44017-2906
    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.