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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Warehouses
5060 Corbin Dr, Bedford Heights, OH 44128-5414
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-6169709
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
TYPE NOT SPECIFIED
Total area
29,484 SF
Lot
2.13 ac (92,783 SF)
Zoning code
I
APN
791-06-027
UPID
US66-6169709
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
$2.27M
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$1.93M
Owner & transaction history
5060 Corbin Drive LLC · 3 yrs held
5060 Corbin Drive LLC
since 2023
4 recorded transactions
Zoning & alternative use
I · Bedford Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.2M
+62.4%
Neighborhood: shopping center
$3.0M
+51.4%
Auto repair, garage
$2.6M
+33.0%
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%
$2,450,000
6.5%
$2,265,000
7%
$2,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,970,000
Current use
MEDICAL BUILDING
$3,205,000
Change: +62% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,985,000
Change: +51% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,625,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,445,000
Change: +24% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,180,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±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
$65 / 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
$36,347
Tax year 2023
Assessed value
$343,000
Assessed 2023
Previous assessed
$343,000
+0.0% YoY
Effective rate
10.60%
On assessed value
Assessed land
$46,970
Assessed improvement
$296,030
Land market value
$134,200
Improvement market value
$845,800
Total market value
$980,000
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
1971
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
6
Total area
29,484 SF
Lot
2.13 ac (92,783 SF)
Zoning code
I
APN
791-06-027
UPID
US66-6169709
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
$2.0M
MEDICAL BUILDING
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1971
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
6
Lot
2.13 ac
Current owner
From public records · entity-resolved
5060 Corbin Drive LLC
Entity
Mailing address
5060 CORBIN DR, BEDFORD HTS, OH 44128-5414
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Mar 2, 2023
—
5060 Corbin Drive LLC
Gomillion Comercial Real Estate LLC
Limited Warranty Deed
$1,300,000 · Cf Bank
Dec 28, 2018
$980,000
Gomillion Comercial Realestate
Deep Three Partners LLC
Warranty Deed
$784,000 · Huntington Nat'l Bk
Sep 6, 2006
$1,150,000
Deep Three Partners LLC
Hirsch Properties
Grant Deed
$685,000 · Park View Fsb
—
—
Deep Three Partners LLC
—
Deed Of Trust
related
$350,000 · County Of Cuyahoga Ohio
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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