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Property profile & analytics
OFF-MARKET
Estimated value
$6,465,000
Warehouses
19000 Rockside Rd Bedford, OH 44146-2033
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0317621
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Total area
109,007 SF
Lot
12.64 ac (550,598 SF)
Zoning code
B-2A
APN
811-05-021
UPID
US66-0317621
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
$8.37M
Comparable Approach
Comparable
$6.25M
Blend (final)
Blend
$6.47M
Owner & transaction history
Arec 49 LLC · 3 yrs held
Arec 49 LLC
since 2023
7 recorded transactions
Zoning & alternative use
B-2A · Bedford, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
sidence Districts CHAPTER 1931 R-4 Multi-Family Residence Districts CHAPTER 1933 B-P Professional Office District CHAPTER 1935 B-1 Local Retail Business Districts CHAPTER 1937 B-2 General Business Districts CHAPTER 1938 B-2A Automotive Business District CHAPTER 1939 M-U Mixed Use District CHAPTER 1941 I-1 Industrial Districts CHAPTER 1942 I-2 Industrial Dist…
Zone name
Automotive Business District
General category
COMMERCIAL
Zone area
150.25 ac
Top alternative use upside
Commercial (general)
$9.0M
+45.5%
Apartment house (5+ units)
$8.1M
+29.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,065,000
6.5%
$8,365,000
7%
$7,770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,210,000
Current use
COMMERCIAL (GENERAL)
$9,035,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,065,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$6.47M
Range $5.82M – $7.11M · ±10%
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
$59 / 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
$183,093
Tax year 2023
Assessed value
$1,740,870
Assessed 2023
Previous assessed
$1,740,870
+0.0% YoY
Effective rate
10.52%
On assessed value
Assessed land
$674,490
Assessed improvement
$1,066,380
Land market value
$1,927,100
Improvement market value
$3,046,800
Total market value
$4,973,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
109,007 SF
Lot
12.64 ac (550,598 SF)
Zoning code
B-2A
APN
811-05-021
UPID
US66-0317621
Jurisdiction
CUYAHOGA
Zoning & alternative use
B-2A · Bedford, OHZoning B-2A · permitted uses
B-2A · Bedford, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
sidence Districts CHAPTER 1931 R-4 Multi-Family Residence Districts CHAPTER 1933 B-P Professional Office District CHAPTER 1935 B-1 Local Retail Business Districts CHAPTER 1937 B-2 General Business Districts CHAPTER 1938 B-2A Automotive Business District CHAPTER 1939 M-U Mixed Use District CHAPTER 1941 I-1 Industrial Districts CHAPTER 1942 I-2 Industrial Districts CHAPTER 1943 H-1 Historical Overlay Districts CHAPTER 1944 H-D Historical Down
Zone name
Automotive Business District
General category
COMMERCIAL
Zone area
150.25 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1971
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
12.64 ac
Current owner
From public records · entity-resolved
Arec 49 LLC
Entity
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
—
Arec 49 LLC
Amerco Real Estate Company
Warranty Deed
$59,000,000 · Allianz Life Ins Co Of North Americ
Mar 16, 2018
$3,540,000
Amerco Real Estate Co
Rockside Lpk LLC
Warranty Deed
—
Feb 28, 2017
$3,080,000
Rockside Lpk LLC
Galahad LLC
Quit Claim Deed
related
—
Feb 20, 2013
—
Galahad LLC
—
Deed Of Trust
related
$2,412,000 · Hometown Bank
Feb 14, 2011
—
Galahad LLC
—
Trustees Deed
related
$1,000,000 · Home Savings Bank
Apr 9, 2010
—
Galahad LLC
—
Deed Of Trust
related
$7,100,000 · Home Savings & Loan Youngstown
Feb 24, 2010
—
Galahad LLC
—
Trustees Deed
related
$725,000 · Home Savings Bank
Mar 14, 2008
—
Galahad LLC
—
Deed Of Trust
related
$8,100,000 · Home Savings & Loan Youngstown
Oct 31, 2007
—
Galahad LLC
—
Deed Of Trust
related
$7,750,000 · Home Savings & Loan Youngstown
—
—
Galahad LLC
—
Deed Of Trust
related
$345,711 · General Motors Acceptance Corp
—
—
Galahad LLC
—
Deed Of Trust
related
$500,000 · Sky Bank
—
—
Galahad LLC
—
Deed Of Trust
related
$900,000 · Hometown Bank
—
—
Galahad LLC
—
Deed Of Trust
related
$350,000 · Home Savings & Loan Youngstown
—
—
Galahad LLC
—
Deed Of Trust
related
$6,400,000 · Home Savings & Loan Youngstown
—
—
Gallahad LLC
—
Deed Of Trust
related
$225,000 · Home Savings Bank
—
—
Galahad LLC
—
Loan Modification
related
$2,250,000 · Hometown Bk
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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