Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23300 Oakwood Cmns Dr Bedford, OH 44146-5700
    Property profile & analytics

    23300 Oakwood Cmns Dr, Bedford, OH 44146-5700

    View on Map
    • Hotels
    • 57,328 SF
    • 4.84 lot acres
    Off-Market
    Property ID
    US66-4310459
    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
    $2,135,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 23300 Oakwood Cmns Dr

    Year built
    2018
    Lot size
    4.84 lot acres
    Property type
    Hotels
    APN
    795-06-072
    APU
    79506072

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 13, 2017 — Oakwood Hospitality LLC — Deed · related $600k · Sutton Bk
    — — Oakwood Hospitality LLC — Deed Of Trust · related $600k · Sutton Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,856,000
      Market price range: $2.86M - $10.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5098
    Latitude
    41.3685
    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
    $45,304
    $261,660
    $259,530
    $521,190
    -
    $747,600
    $3,707,500
    $4,455,100

    Comparable in this City

    • Value Estimation
      $1,385,000
      28,815 SF

      23303 Oakwood Cmns Dr

      HOTEL
      23303 Oakwood Cmns Dr, Bedford, OH 44146-5700
      View Details
    • Value Estimation by Request
      4,200 SF

      953 Northfield Rd

      MOTEL
      953 Northfield Rd, Bedford, OH 44146-3817
      View Details
    • Value Estimation by Request
      12.55 Acres

      Bartlett Rdco

      VACANT COMMERCIAL LAND
      Bartlett Rdco, Bedford, OH 44146
      View Details
    • Value Estimation by Request
      0.19 Acres

      25064 Aurora Rd

      ARENA, CONVENTION CENTER
      25064 Aurora Rd, Bedford Heights, OH 44146
      View Details
    • Value Estimation by Request
      0.18 Acres

      Monroe St

      NURSERY, GREENHOUSE, FLORIST
      Monroe St, Bedford, OH 44146
      View Details
    • Value Estimation by Request
      0.13 Acres

      614 Marion Dr

      PARKING LOT
      614 Marion Dr, Bedford, OH 44146
      View Details

    Similar Nearby for Sale

    • $349,000
      51,231 SF

      Bedford Industrial Warehouse

      51,231 SF Warehouse - $349,000
      33 Industry Dr, Bedford, OH 44146
      View Details
    • Contact for pricing
      8,320 SF

      Dollar Store Portfolio Opportunity

      Part of an 8-unit portfolio in a vibrant area.
      25880 Broadway Ave, Bedford, OH 44146
      View Details
    • Contact for pricing
      48,852 SF

      48,852 SF Church and School

      Church and school building with rectory on 11.89 acres.
      400 Center Rd, Bedford, OH 44146
      View Details
    • $43,500
      0.14 Acres

      Residential Land in Bedford, OH

      Building lot in Bedford, bring your own builder, no HOA.
      54 Willard Ave, Bedford, OH 44146
      View Details
    • $38,000
      0.13 Acres

      Residential Land in Bedford, OH

      Building lot in Bentbrook Community with city services and tax abatement.
      62 Hubbell Way, Bedford, OH 44146
      View Details
    • Contact for pricing
      9,869 SF

      Bedford Office Building For Sale

      Well-maintained 18,961 SF office building in Bedford, Ohio.
      3-4 Hemisphere Way, Bedford, OH 44146
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Acre of Land on Rockside

      One acre of land available for lease or sale.
      22803 Rockside Rd, Bedford, OH 44146
      View Details
    • Contact for pricing
      3,734 SF

      Retail/Office Space for Lease

      Retail/office spaces available for lease in Bedford Heights, OH.
      25780 Miles Rd, Bedford Heights, OH 44146
      View Details
    • Contact for pricing
      1,218 SF

      Retail Space Available For Rent

      Retail space available for lease in Bedford Heights, Ohio.
      24800 Rockside Rd, Bedford Heights, OH 44146
      View Details
    • Contact for pricing

      Office/Warehouse Space Available

      Office and warehouse space for lease.
      7670 First Pl, Bedford, OH 44146
      View Details
    • Contact for pricing
      9,185 SF

      Industrial Space Near Major Freeways

      Industrial property with easy access to I-271 and I-480.
      7700 Oak Leaf Rd, Oakwood, OH 44146
      View Details
    • Contact for pricing
      160,000 SF

      Industrial Space with Crane Bays

      160,000 SF industrial space featuring crane bays.
      26800 Miles Rd, Bedford Heights, OH 44146
      View Details
    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.
    23300 Oakwood Cmns Dr
    Bedford, OH 44146-5700
    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
    23300 Oakwood Cmns Dr, Bedford, OH, 44146
    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!