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Property profile & analytics
OFF-MARKET
Manufacturing properties
1480 Bagley Rd, Berea, OH 44017-2951
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US66-1403493
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Construction
WOOD
Total area
2,160 SF
Lot
1.64 ac (71,438 SF)
Zoning code
LI
APN
361-32-005
UPID
US66-1403493
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
-
J. LOMBARDO ELECTRIC, INC. Electrical Service General Contractor
-
MGM Construction Inc Roofing Company General Contractor
-
Second Mile Outreach Charitable Organization Social Service Agency
-
Church Street Ministries Charitable Organization Social Service Agency
-
Second Mile West Used Furniture Furniture & Home Goods
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
John J Lombardo · 20 yrs held
John J Lombardo
since 2006
7 recorded transactions
Zoning & alternative use
LI · Berea, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
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
$14,364
Tax year 2023
Assessed value
$153,900
Assessed 2023
Previous assessed
$153,900
+0.0% YoY
Effective rate
9.33%
On assessed value
Assessed land
$51,490
Assessed improvement
$102,410
Land market value
$147,100
Improvement market value
$292,600
Total market value
$439,700
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
Off-Market
Year built
1976
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
2,160 SF
Lot
1.64 ac (71,438 SF)
Zoning code
LI
APN
361-32-005
UPID
US66-1403493
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.
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.64 ac
Current owner
From public records · entity-resolved
John J Lombardo
Individual
Mailing address
1480 W BAGLEY RD, BEREA, OH 44017-2951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Mar 21, 2006
—
John J Lombardo
Lombardo,john J & Lillian M
Quit Claim Deed
related
—
—
—
John J Lombardo
—
Deed Of Trust
related
$150,000 · First Fed'l S&l/lakewood
—
—
Jlec INC
—
Deed Of Trust
related
$286,625 · Fifth Third Bank
—
—
Lillian M Lombardo
—
Deed Of Trust
related
$500,000 · George J Kennedy
—
—
Lillian M Lombardo
—
Deed Of Trust
related
$500,000 · Urg INC
—
—
Jlec INC
—
Deed Of Trust
related
$286,625 · Fifth Third Bank
—
—
John J Lombardo SR.
—
Deed Of Trust
related
$100,000 · Fifth Third Bank Ne Ohio
—
—
John J Lombardo SR.
—
Deed Of Trust
related
$370,000 · Fifth Third Bank Ne Ohio
—
—
John J Lombardo
—
Deed Of Trust
related
$33,000 · Fifth Third Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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