Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    140 Blaze Industrial Pkwy Berea, OH 44017
    Property profile & analytics

    140 Blaze Industrial Pkwy Berea, OH 44017

    View on Map
    • Manufacturing properties
    • 50,400 SF
    • 3.93 lot acres
    For Sale
    $5,950,000
    View Listing →
    Industrial Property in Berea, Ohio For Sale
    $5,950,000
    57,948 SF

    Industrial Property in Berea, Ohio

    57,948 SF industrial property available in Berea, Ohio.

    140 Blaze Industrial Pkwy, Berea, OH 44017
    View Listing
    Property ID
    US66-0766826
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 140 Blaze Industrial Pkwy

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.93 lot acres
    Property size
    50,400 SF
    Zone code
    LI
    Property type
    Manufacturing properties
    APN
    361-33-050
    APU
    36133050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,490,000
      ML approach
      $2,740,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,578,000
      Market price range: $1.05M - $3.93M
      AI Estimate
      $2,179,000
      Market price range: $780k - $3.32M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,220,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $3,760,000
      Change: +69% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Berea
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8927
    Latitude
    41.3689
    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
    $86,594
    $98,320
    $829,500
    $927,820
    -
    $280,900
    $2,370,000
    $2,650,900

    Comparable in this City

    • Value Estimation
      $1,030,000
      32,500 SF

      420 Geiger St

      MANUFACTURING (LIGHT) • 32,500 SF
      420 Geiger St, Berea, OH 44017-1319
      View Details
    • Value Estimation by Request
      2.27 Acres

      33 Lou Groza Blvd

      MANUFACTURING (LIGHT) • 2.27 Acres
      33 Lou Groza Blvd, Berea, OH 44017-1237
      View Details
    • Value Estimation by Request
      0.16 Acres

      Frnt St St

      MANUFACTURING (LIGHT) • 0.16 Acres
      Frnt St St, Berea, OH 44017
      View Details
    • Value Estimation by Request
      0.12 Acres

      Runn St

      MANUFACTURING (LIGHT) • 0.12 Acres
      Runn St, Berea, OH 44017
      View Details
    • Value Estimation by Request
      2,160 SF

      1480 Bagley Rd

      MANUFACTURING (LIGHT) • 2,160 SF
      1480 Bagley Rd, Berea, OH 44017-2951
      View Details
    • Value Estimation by Request
      0.36 Acres

      Columbus Rd

      MANUFACTURING (LIGHT) • 0.36 Acres
      Columbus Rd, Berea, OH 44017
      View Details

    Similar Nearby for Sale

    • $650,000
      13,000 SF

      Berea Commercial Building with Frontage

      13,000 sq ft building on 0.91 acres.
      237 Depot St, Berea, OH 44017
      View Details
    • $5,950,000
      57,948 SF

      Industrial Property in Berea, Ohio

      57,948 SF industrial property available in Berea, Ohio.
      140 Blaze Industrial Pkwy, Berea, OH 44017
      View Details
    • Contact for pricing
      6,000 SF

      Bakery with Apartments For Sale

      6,000 SF bakery with two apartments near university.
      70 Front St, 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
    • New
      $265,000
      1,500 SF

      Berea Commercial Building with Dual Frontage

      Single-story commercial building in Berea, ideal for startups.
      24 Beech St, Berea, OH 44017
      View Details
    • $900,000

      Downtown Berea Retail Building

      Two-story retail building in downtown Berea, Ohio.
      70 Front St, Berea, OH 44017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,000 SF

      Industrial Property with Loading Docks

      Multi-tenant industrial property featuring loading docks and ample parking.
      210 Sheldon Rd, 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
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 371-447 W Bagley Rd.
      371-447 W Bagley Rd, Berea, OH 44017
      View Details
    • Contact for pricing
      1,357 SF

      Retail Space in Berea, OH

      Retail spaces available in Giant Eagle anchored shopping center.
      50-60 W Bridge St, Berea, OH 44017
      View Details
    • Contact for pricing
      350 SF

      Office Space Near Rocky River

      Office space within Baldwin Wallace Campus with open concept.
      30 Park St, Berea, OH 44017
      View Details
    View Listing
    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.
    140 Blaze Industrial Pkwy
    Berea, OH 44017
    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

    Thank You for Inquiry
    140 Blaze Industrial Pkwy, Berea, OH, 44017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!