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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Warehouses
23760 Miles Rd Bedford Heights, OH 44128-5439
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US66-5854725
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
12,500 SF
Lot
0.83 ac (36,000 SF)
Zoning code
I
APN
791-07-003
UPID
US66-5854725
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
$960k
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.05M
Owner & transaction history
Calvett 3 Investments LLC · 18 yrs held
Calvett 3 Investments LLC
since 2008
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
+62.4%
Neighborhood: shopping center
$1.3M
+51.4%
Auto repair, garage
$1.1M
+33.0%
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%
$1,040,000
6.5%
$960,000
7%
$890,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$835,000
Current use
MEDICAL BUILDING
$1,360,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,265,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,110,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,035,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$925,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$84 / 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
$37,023
Tax year 2023
Assessed value
$353,540
Assessed 2023
Previous assessed
$353,540
+0.0% YoY
Effective rate
10.47%
On assessed value
Assessed land
$17,360
Assessed improvement
$336,180
Land market value
$49,600
Improvement market value
$960,500
Total market value
$1,010,100
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
2008
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
15
Bathrooms
3
Total area
12,500 SF
Lot
0.83 ac (36,000 SF)
Zoning code
I
APN
791-07-003
UPID
US66-5854725
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
WAREHOUSE, STORAGE Current
Est. value
$835,000
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$925,000
WAREHOUSE, STORAGE 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
2008
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
15
Bathrooms
3
Lot
0.83 ac
Current owner
From public records · entity-resolved
Calvett 3 Investments LLC
Entity
Mailing address
23860 MILES RD STE C, CLEVELAND, OH 44128-5468
Ownership since
2008
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
Jan 22, 2021
—
Calvet 3 Investments LLC
—
Deed
related
$960,000 · Cfbank NA
Jun 13, 2008
—
Calvett 3 Investments LLC
Calvetta,austin R
Quit Claim Deed
related
$700,000 · Huntington National Bank
Dec 20, 2004
$346,800
Austin R Calvetta
Miles Taylor Realty
Warranty Deed
$260,100 · Geauga Savings Bank
—
—
Calvet 3 Investments LLC
—
Deed Of Trust
related
$630,000 · Cf Bank
—
—
Calvet 3 Investments LLC
—
Deed Of Trust
related
$575,000 · Growth Capital Corp
—
—
Calvet 3 Investments LLC
—
Deed Of Trust
related
$250,000 · Huntington National Bank
—
—
Calvet 3 Investments LLC
—
Deed Of Trust
related
$960,000 · Cfbank NA
—
—
Calvet 3 Investments LLC
—
Deed Of Trust
related
$700,000 · Huntington National Bank
—
—
Calvet 3 Investments LLC
—
Deed Of Trust
related
$45,267 · Huntington National 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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