Technical
Financial
Distress signals
Property profile

24300 Solon Rd Bedford Heights, OH 44146

OFF-MARKET
Manufacturing properties
Property ID
US66-1987199
3.03 ac lot
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 130,000-square-foot industrial complex in Bedford Heights, Ohio, presents a rare opportunity. Located at 24300 Solon Road, this Class B, multi-tenant property offers a compelling investment for owner-users seeking a cash-flowing asset. The property boasts 50,460 square feet of net rentable space and features eight loading docks, 15-20 foot ceiling heights, and approximately 4.97 acres of land. Built in 1941 and renovated in 2012, the complex currently houses fourteen tenants. Significant improvements include approximately 70% roof replacement since 2015, backed by transferable 20-year warranties. The property is fully sprinklered and equipped with a comprehensive surveillance system. Additional amenities include roughly two acres of land dedicated to parking and outdoor storage. Most units have undergone recent renovations, featuring fresh paint, resurfaced flooring, and energy-efficient LED lighting. The asking price is $2,999,000, with a price per square foot of $23.07. The property is offered fee simple with a NNN lease type. This property is situated in Cuyahoga County, Ohio, with a zip code of 44146. The property is zoned for distribution, manufacturing, and warehouse uses.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Lot 3.03 ac (131,987 SF)
Zoning code I
APN 792-15-002
UPID US66-1987199

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24300 Solon Rd Bedford Heights, OH 44146-4778
Bedford Heights metro Census 195600 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2017
2 recorded transactions
2017
$500,000
2009
Price N/A

Zoning & alternative use

I · Bedford Heights, OH
Zoning description

The purpose of this district is to provide for orderly growth and development in the City of Bedford Heights

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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