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Property profile & analytics
OFF-MARKET
Warehouses
23300 Broadway Ave, Bedford, OH 44146-6016
Individually Owned
4-yr Hold
Free & Clear
Property ID
US66-2340797
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
137,252 SF
Lot
9.85 ac (429,066 SF)
Zoning code
MS
APN
795-06-017
UPID
US66-2340797
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
Exchangeright Net Leased Portfolio · 4 yrs held
Exchangeright Net Leased Portfolio
since 2021
Last sale
$18.0M
3 recorded transactions
Zoning & alternative use
MS · Bedford, 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 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
$285,483
Tax year 2023
Assessed value
$3,325,010
Assessed 2023
Previous assessed
$2,646,150
+25.7% YoY
Effective rate
8.59%
On assessed value
Assessed land
$660,770
Assessed improvement
$2,664,240
Land market value
$1,887,900
Improvement market value
$7,612,100
Total market value
$9,500,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
137,252 SF
Lot
9.85 ac (429,066 SF)
Zoning code
MS
APN
795-06-017
UPID
US66-2340797
Jurisdiction
CUYAHOGA
Zoning & alternative use
MS · Bedford, OH
Zoning MS · permitted uses
MS · Bedford, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bedford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
9.85 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Portfolio
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 60308, PASADENA, CA 91116-6308
Ownership since
2021
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
Dec 22, 2021
—
Exchangeright Net Leased Portfolio
T Hawthorne Valley Oh LLC
Assignment Of Lease (leasehold Sale)
—
Dec 22, 2021
$17,973,046
Exchangeright Net Leased Portfolio
T Hawthorne Valley Oh LLC
Limited Warranty Deed
$73,460,000 · Morgan Stanley Bank NA
Oct 21, 2021
$24,250,000
T Hawthorne Valley Oh LLC
First Interstate Hawthorne Ltd Part
Warranty 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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