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Property profile & analytics
OFF-MARKET
Parking lots & garages
1200 Broadway Ave Bedford, OH 44146-4523
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-4171819
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
2.62 ac (114,127 SF)
Zoning code
R-1
APN
814-24-003
UPID
US66-4171819
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Redemption Center Church INC · 4 yrs held
The Redemption Center Church INC
since 2022
Last sale
$225,000
3 recorded transactions
Zoning & alternative use
R-1 · Bedford, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ING CODE PART NINETEEN - PLANNING AND ZONING CODE TITLE ONE - Planning TITLE THREE - Subdivision Regulations TITLE FIVE - Zoning Administration TITLE SEVEN - Zoning Districts CHAPTER 1923 Districts and Maps CHAPTER 1925 R-1 One-Family Residence Districts CHAPTER 1927 R-2 One and Two-Family Residence Districts 1927.01 PERMITTED PRINCIPAL USES. 1927.02 CONDITI…
Zone name
One Family Residence District
General category
RESIDENTIAL
Zone area
374.32 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bedford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,326
Tax year 2023
Assessed value
$126,700
Assessed 2023
Previous assessed
$126,700
+0.0% YoY
Effective rate
10.52%
On assessed value
Assessed land
$119,840
Assessed improvement
$6,860
Land market value
$342,400
Improvement market value
$19,600
Total market value
$362,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
2.62 ac (114,127 SF)
Zoning code
R-1
APN
814-24-003
UPID
US66-4171819
Jurisdiction
CUYAHOGA
Zoning & alternative use
R-1 · Bedford, OHZoning R-1 · permitted uses
R-1 · Bedford, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ING CODE PART NINETEEN - PLANNING AND ZONING CODE TITLE ONE - Planning TITLE THREE - Subdivision Regulations TITLE FIVE - Zoning Administration TITLE SEVEN - Zoning Districts CHAPTER 1923 Districts and Maps CHAPTER 1925 R-1 One-Family Residence Districts CHAPTER 1927 R-2 One and Two-Family Residence Districts 1927.01 PERMITTED PRINCIPAL USES. 1927.02 CONDITIONAL USES. 1927.03 ACCESSORY USES. 1927.04 HEIGHT REGULATIONS. 1927.05 LOT AREA, FR
Zone name
One Family Residence District
General category
RESIDENTIAL
Zone area
374.32 ac
Building & site characteristics
From public records
Heating
NONE
Lot
2.62 ac
Current owner
From public records · entity-resolved
The Redemption Center Church INC
Entity
Mailing address
1200 BROADWAY AVE, BEDFORD, OH 44146-4523
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
$225,000
The Redemption Center Church INC
Testa Enterprises INC
Warranty Deed
$175,000 · The Huntington National Bank
Jan 17, 2018
—
Testa Ents INC
Testa Ents INC
Quit Claim Deed
related
—
Dec 28, 2017
$750,000
Testa Ents INC
Vincentian Sisters Of Charity/dio
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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