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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Manufacturing properties
23570 Miles Rd, Bedford Heights, OH 44128-5433
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US66-1336397
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1958
Construction
TYPE NOT SPECIFIED
Total area
13,220 SF
Lot
1.28 ac (55,887 SF)
Zoning code
I
APN
791-06-015
UPID
US66-1336397
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
$835k
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$930k
Owner & transaction history
A & R Realty II LLC · 26 yrs held
A & R Realty II LLC
since 1999
7 recorded transactions
Zoning & alternative use
I · Bedford Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+152.0%
Neighborhood: shopping center
$1.3M
+134.9%
Auto repair, garage
$1.2M
+106.3%
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 Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford Heights 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%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$570,000
Current use
MEDICAL BUILDING
$1,435,000
Change: +152% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,340,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,175,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,095,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$980,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$70 / 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
$28,824
Tax year 2023
Assessed value
$273,360
Assessed 2023
Previous assessed
$273,360
+0.0% YoY
Effective rate
10.54%
On assessed value
Assessed land
$29,650
Assessed improvement
$243,710
Land market value
$84,700
Improvement market value
$696,300
Total market value
$781,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1958
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
13,220 SF
Lot
1.28 ac (55,887 SF)
Zoning code
I
APN
791-06-015
UPID
US66-1336397
Jurisdiction
CUYAHOGA
Zoning & alternative use
I · Bedford Heights, OH
Zoning I · permitted uses
I · Bedford Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bedford Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$570,000
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$980,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1958
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
1.28 ac
Current owner
From public records · entity-resolved
A & R Realty II LLC
Entity
Mailing address
23580 MILES RD, CLEVELAND, OH 44128-5433
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 1999
$660,000
A & R Realty II LLC
Baumgart,herman & Ethel
Grant Deed
$750,000 · Key Bank NA
—
—
A & R Realty II LLC
—
Deed Of Trust
related
$51,973 · Fifth Third Bk
—
—
A & R Realty II LLC
—
Deed Of Trust
related
$275,000 · Fifth Third Bank
—
—
A & R Realty II LLC
—
Deed Of Trust
related
$535,000 · Fifth Third Bank
—
—
A & R Realty II LLC
—
Deed Of Trust
related
$275,000 · Fifth Third Bank
—
—
A & R Realty II LLC
—
Deed Of Trust
related
$710,000 · Charter One Bank
—
—
A & R Realty II LLC
—
Deed Of Trust
related
$710,000 · Charter One 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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