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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Warehouses
5042 Corbin Dr, Bedford Heights, OH 44128-6504
Entity Owned
~
Est. High Equity
Property ID
US66-1801637
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
30,795 SF
Lot
2.01 ac (87,556 SF)
Zoning code
I
APN
791-06-036
UPID
US66-1801637
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
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.45M
Owner & transaction history
Jaws Real Property Holdings LLC
Jaws Real Property Holdings LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I · Bedford Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+10.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,060,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,280,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.30M (Jun 8 2025)
Last sale anchor
$1.30M
Jun 8 2025
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
$47 / 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
$32,627
Tax year 2023
Assessed value
$309,160
Assessed 2023
Previous assessed
$309,160
+0.0% YoY
Effective rate
10.55%
On assessed value
Assessed land
$58,980
Assessed improvement
$250,180
Land market value
$168,500
Improvement market value
$714,800
Total market value
$883,300
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
1968
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
30,795 SF
Lot
2.01 ac (87,556 SF)
Zoning code
I
APN
791-06-036
UPID
US66-1801637
Jurisdiction
CUYAHOGA
Zoning & alternative use
I · Bedford Heights, OH
Zoning I · permitted uses
I · Bedford Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bedford Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
WAREHOUSE, STORAGE Current
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
1968
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
2.01 ac
Current owner
From public records · entity-resolved
Jaws Real Property Holdings LLC
Entity
Mailing address
5040 CORBIN DR, BEDFORD HEIGHTS, OH 44128-5519
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
$1,300,000
Jaws Real Property Holdings LLC
Ken Lar LLC
Deed
$1,040,000 · First Commonwealth Bank
Nov 25, 2008
—
Ken-lar LLC
—
Trustees Deed
related
$187,985 · National City Bank
Apr 12, 1999
—
Ken-lar LLC
Hdh Mechanical INC
Grant Deed
$375,000 · National City Bank
—
—
Ken-lar LLC
—
Deed Of Trust
related
$200,000 · National City Bank
—
—
Ken Lar LLC
—
Deed Of Trust
related
$350,000 · National City Bank
—
—
Gregory J Faustina
—
Deed Of Trust
related
$350,000 · National City Bank
—
—
Ken-lar LLC
—
Deed Of Trust
related
$268,500 · National City Bank
—
—
Ken Lar LLC
—
Deed Of Trust
related
$124,286 · National City Bank
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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