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Property profile & analytics
OFF-MARKET
Estimated value
$3,825,000
Manufacturing properties
26400 Broadway Ave Bedford, OH 44146-6537
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-5501250
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
59,796 SF
Lot
6.16 ac (268,199 SF)
Zoning code
I-1
APN
795-33-015
UPID
US66-5501250
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
$3.78M
Comparable Approach
Comparable
$4.29M
Blend (final)
Blend
$3.83M
Owner & transaction history
Propco LLC · 7 yrs held
Propco LLC
since 2018
7 recorded transactions
Zoning & alternative use
I-1 · Bedford, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
P Professional Office District CHAPTER 1935 B-1 Local Retail Business Districts CHAPTER 1937 B-2 General Business Districts CHAPTER 1938 B-2A Automotive Business District CHAPTER 1939 M-U Mixed Use District CHAPTER 1941 I-1 Industrial Districts CHAPTER 1942 I-2 Industrial Districts CHAPTER 1943 H-1 Historical Overlay Districts CHAPTER 1944 H-D Historical Dow…
Zone name
Industrial Districts
General category
INDUSTRIAL
Zone area
243.60 ac
Top alternative use upside
Neighborhood: shopping center
$6.1M
+128.5%
Commercial (general)
$5.0M
+86.9%
Apartment house (5+ units)
$4.4M
+66.9%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford 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%
$4,095,000
6.5%
$3,780,000
7%
$3,510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,650,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,055,000
Change: +128% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,955,000
Change: +87% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,425,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$3.83M
Range $3.44M – $4.21M · ±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
$64 / 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
$143,058
Tax year 2023
Assessed value
$1,522,510
Assessed 2023
Previous assessed
$1,562,760
-2.6% YoY
Effective rate
9.40%
On assessed value
Assessed land
$189,670
Assessed improvement
$1,332,840
Land market value
$541,900
Improvement market value
$3,808,100
Total market value
$4,350,000
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
2003
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
59,796 SF
Lot
6.16 ac (268,199 SF)
Zoning code
I-1
APN
795-33-015
UPID
US66-5501250
Jurisdiction
CUYAHOGA
Zoning & alternative use
I-1 · Bedford, OHZoning I-1 · permitted uses
I-1 · Bedford, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
P Professional Office District CHAPTER 1935 B-1 Local Retail Business Districts CHAPTER 1937 B-2 General Business Districts CHAPTER 1938 B-2A Automotive Business District CHAPTER 1939 M-U Mixed Use District CHAPTER 1941 I-1 Industrial Districts CHAPTER 1942 I-2 Industrial Districts CHAPTER 1943 H-1 Historical Overlay Districts CHAPTER 1944 H-D Historical Downtown District CHAPTER 1945 PRD Planned Residential Developments TITLE NINE - Gener
Zone name
Industrial Districts
General category
INDUSTRIAL
Zone area
243.60 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
INDUSTRIAL (GENERAL) Current
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
2003
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.16 ac
Current owner
From public records · entity-resolved
Propco LLC
Entity
Mailing address
4760 RICHMOND RD STE #200, CLEVELAND, OH 44128-5979
Ownership since
2018
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
Feb 10, 2026
—
Gl Broadway Ave Propco LLC
—
Deed
related
$35,000,000 · Voya Investment Management LLC
Nov 15, 2018
$409,840
Propco LLC
Bip Cleveland LLC
Grant Deed
—
Nov 15, 2018
$3,091,660
Gl Propco LLC
Great Lks Indl Portfolio Ab B
Grant Deed
—
Nov 15, 2018
$1,198,500
Propco LLC
Biynah Cleveland LLC
Grant Deed
—
Nov 15, 2018
—
Bieynah Cleveland LLC
Great Lks Indl Portfolio Ab B
Grant Deed
related
$30,700,000 · Miscellaneous Ins Co
May 15, 2014
$3,800,000
Great Lakes Industrial Portfol
Cleveland Indl Portfolio LP
Grant Deed
—
May 6, 2013
—
Cleveland Indl Portfolio LLC
—
Deed Of Trust
related
$33,604,000 · Pnc Bank
Dec 31, 2007
$4,100,000
Cleveland Indl Portfolio LLC
Broad Oak Dev Building II LLC
Grant Deed
—
Jul 22, 2005
—
Broad Oak Dev Building II LLC
Broad Oak Dev Ltd
Quit Claim Deed
related
$2,560,000 · Principal Life Insurance Co
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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