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Property profile & analytics
OFF-MARKET
Estimated value
$9,040,000
Warehouses
24500 Miles Rd Bedford Heights, OH 44146-1314
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1785059
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
136,704 SF
Lot
21.3 ac (927,828 SF)
Zoning code
SC-1
APN
791-01-001
UPID
US66-1785059
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.49M
Comparable Approach
Comparable
$9.43M
Blend (final)
Blend
$9.04M
Owner & transaction history
Lowes Home Centers LLC · 1 yrs held
Lowes Home Centers LLC
since 2025
4 recorded transactions
Zoning & alternative use
SC-1 · Bedford Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Purpose of this district is to provide appropriate and convenient locations of sufficient size for the exchange of goods and services and other business activities and To provide retail business districts, which may be open in evenings, that serve the need for shopping and convenience goods and services for the entire community
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
21.07 ac
Source
Realmo
Top alternative use upside
Medical building
$14.9M
+90.8%
Neighborhood: shopping center
$13.9M
+77.8%
Commercial (general)
$11.3M
+45.5%
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%
$11,365,000
6.5%
$10,490,000
7%
$9,745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,785,000
Current use
MEDICAL BUILDING
$14,855,000
Change: +91% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,850,000
Change: +78% · Conversion: Moderate
COMMERCIAL (GENERAL)
$11,330,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,115,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$9.04M
Range $8.14M – $9.94M · ±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
$66 / 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
$251,241
Tax year 2023
Assessed value
$2,625,000
Assessed 2023
Previous assessed
$2,625,000
+0.0% YoY
Effective rate
9.57%
On assessed value
Assessed land
$1,126,230
Assessed improvement
$1,498,770
Land market value
$3,217,800
Improvement market value
$4,282,200
Total market value
$7,500,000
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
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
136,704 SF
Lot
21.3 ac (927,828 SF)
Zoning code
SC-1
APN
791-01-001
UPID
US66-1785059
Jurisdiction
CUYAHOGA
Zoning & alternative use
SC-1 · Bedford Heights, OHZoning SC-1 · permitted uses
SC-1 · Bedford Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Purpose of this district is to provide appropriate and convenient locations of sufficient size for the exchange of goods and services and other business activities and To provide retail business districts, which may be open in evenings, that serve the need for shopping and convenience goods and services for the entire community
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
21.07 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$14.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$11.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
21.3 ac
Current owner
From public records · entity-resolved
Lowes Home Centers LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
—
Lowes Home Centers LLC
Lowes Home Centers LLC
Deed
related
—
Sep 15, 1999
$6,850,000
Lowes Homes Center INC
Miles Road LLC
Grant Deed
—
Sep 1, 1999
—
Miles Road LLC
Uaw Amalgamated Local Union 70
Grant Deed
related
—
Jun 28, 1999
$334,000
Miles Road LLC
Horizon Associates LLC
Grant 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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