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Property profile & analytics
FOR SALE
Manufacturing properties
140 Blaze Industrial Pkwy, Berea, OH 44017
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-0766826
For Sale
1 / 11
$5,950,000
140 Blaze Industrial Pkwy, Berea, OH 44017
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
50,400 SF
Lot
3.93 ac (171,147 SF)
Zoning code
LI
APN
361-33-050
UPID
US66-0766826
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
Current use
Occupant on record · Public records
-
TMG Performance Products, LLc Industrial Manufacturer Production Facility
-
Corsa Performance Exhausts Industrial Manufacturer Production Facility
-
The Mifsud Group Consultant
-
CORSA Performance Marine Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$2.75M
Owner & transaction history
Tmg Performance Products LLC · 4 yrs held
Tmg Performance Products LLC
since 2022
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
LI · Berea, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.8M
+69.4%
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 Berea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berea 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
Method
Estimation
Statistic approach
$2,490,000
ML approach
$2,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,220,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,760,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$2.75M
Range $2.48M – $3.03M · ±10% · vs last sale $3.25M (Jun 15 2022)
Last sale anchor
$3.25M
Jun 15 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$55 / SF
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
$86,594
Tax year 2023
Assessed value
$927,820
Assessed 2023
Previous assessed
$927,820
+0.0% YoY
Effective rate
9.33%
On assessed value
Assessed land
$98,320
Assessed improvement
$829,500
Land market value
$280,900
Improvement market value
$2,370,000
Total market value
$2,650,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
50,400 SF
Lot
3.93 ac (171,147 SF)
Zoning code
LI
APN
361-33-050
UPID
US66-0766826
Jurisdiction
CUYAHOGA
Zoning & alternative use
LI · Berea, OH
Zoning LI · permitted uses
LI · Berea, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.93 ac
Current owner
From public records · entity-resolved
Tmg Performance Products LLC
Entity
Free & Clear · 4 yrs held
Mailing address
140 BLAZE INDUSTRIAL PKWY, BEREA, OH 44017-2930
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2023
—
Tempus Berea LLC
—
Deed
related
$2,860,000 · First Horizon Bank
Jun 15, 2022
$3,250,000
Tmg Performance Products LLC
Tmg Real Estate Holdings LLC
Limited Warranty Deed
—
Apr 27, 2018
—
Tmg Real Estate Holdings LLC
—
Grant Deed
related
$4,729,000 · First Nat'l Bk/pa
Feb 10, 2012
—
Tmg Real Estate Holdings LLC
—
Deed Of Trust
related
$1,492,300 · Key Bank NA
Sep 30, 2009
$2,100,000
Tmg Real Estate Holdings LLC
Blaze Properties Holdings Ltd
Grant Deed
related
—
Feb 7, 2007
—
Blaze Properties Holdings Ltd
—
Deed Of Trust
related
$2,360,000 · Huntington National Bank
Mar 22, 2004
—
Blaze Properties Holdings Ltd
—
Deed Of Trust
related
$2,785,000 · Huntington National Bank
Mar 12, 1999
—
Blaze Properties Holdings Ltd
Kleem,ferris E
Grant Deed
related
$240,000 · National City Bank
Nov 20, 1998
—
Ferris E Kleem
Kuhn Properties Management Ltd
Grant Deed
related
—
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.
Try Rey
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