Property profile

26901 Cannon Rd Bedford Heights, OH 44146

OFF-MARKET
Warehouses
Property ID
US66-1104734
26,316 SF 2.08 ac lot Built 2000
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional one-story, Class B office building, totaling 263,016 square feet, presents a significant opportunity in the Bedford Heights/Warrensville Heights submarket of Cuyahoga County. Built in 2000, the property sits on 2.08 acres and offers multiple tenancy options with a maximum contiguous space of 7,021 square feet. The building features 135 parking spaces, providing ample convenience for tenants and visitors. Its strategic location offers easy access to the I-271 and I-480 interchange, ensuring excellent regional connectivity. The property is currently configured as traditional office space but presents potential for flex conversion, catering to a wider range of business needs. A prominent monument signage opportunity exists, enhancing visibility and brand recognition. This substantial property is ideal for a variety of businesses seeking a well-located, spacious, and adaptable office environment in a thriving suburban area. The building's single-story design and substantial parking make it highly functional and attractive to a diverse tenant base. The potential for flex conversion further expands the property's appeal and market reach. This is a rare opportunity to acquire a significant office asset in a desirable location with excellent access to major transportation arteries.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Construction TYPE NOT SPECIFIED
Total area 26,316 SF
Lot 2.08 ac (90,626 SF)
Zoning code I
APN 791-13-004
UPID US66-1104734

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising
  • Industrial Manufacturer Production Facility
  • Logistics Company Freight Service
  • Adult Day Care
  • General Contractor Carpet & Flooring Store

Location

26901 Cannon Rd Bedford Heights, OH 44146-1809
Bedford Heights metro Census 133104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.93M
CAP Approach CAP
$2.02M
Comparable Approach Comparable
$2.14M
Blend (final) Blend
$1.85M

Owner & transaction history

since 2021
Last sale
$2.2M
6 recorded transactions
2021
$2.2M
2013
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
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
Top alternative use upside
Medical building $2.9M +90.8%
Neighborhood: shopping center $2.7M +77.8%
Commercial (general) $2.2M +45.5%

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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