Property profile

328 Bassett Rd Bay Village, OH 44140

OFF-MARKET
Warehouses
Property ID
US66-2166717
5,993 SF 0.5 ac lot Built 1910
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,993-square-foot freestanding retail building presents a fantastic owner-user opportunity in the desirable Bay Village, Ohio market. Located at 328 Bassett Road, this single-tenant property offers ample space for a variety of retail businesses. The building's convenient location in Cuyahoga County, with a 44140 zip code, ensures high visibility and accessibility for customers. The property's size and layout provide flexibility for customization to suit specific business needs. A key advantage is the inclusion of a walk-up apartment situated on the second floor, offering additional potential for residential income or employee housing. This unique feature adds significant value and versatility to the property. The building is well-maintained and ready for immediate occupancy, making it an ideal choice for businesses seeking a move-in ready space. This is a rare opportunity to acquire a substantial retail property in a thriving community with a strong local economy. The property's strategic location and versatile design make it an attractive investment for both established businesses and entrepreneurs looking to expand their operations. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is situated at 41.49071403407124 latitude and -81.94982220809462 longitude.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1910
Construction WOOD
Total area 5,993 SF
Lot 0.5 ac (21,780 SF)
APN 201-08-042
UPID US66-2166717

Cap rate & NOI

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

Location

328 Bassett Rd Bay Village, OH 44140-1203
Bay Village metro Census 130104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$518k
Blend (final) Blend
$410k

Owner & transaction history

since 2025
Last sale
$505,000
5 recorded transactions
2025
Price N/A
2022
$505,000
2017
$350,000
2002
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $655,000 +111.3%
Neighborhood: shopping center $635,000 +104.3%
Commercial (general) $560,000 +80.2%

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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