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Property profile & analytics

5065 Northfield Rd Bedford Heights, OH 44146-1108

  • Retail space
  • 0.46 lot acres
OFF-MARKET
Last Sale
Feb 26, 2021
$400,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US66-4133659
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 5065 Northfield Rd

Lot size
0.46 lot acres
Zone code
B-3
Property type
Retail space
APN
791-08-036
APU
79108036

Description

This exceptional investment opportunity presents a prime retail property located at 5065 Northfield Road in Bedford, Ohio. The property encompasses a 0.46-acre lot and features two substantial 6,000 square foot units, each with its own independent entrance. One unit is currently occupied by a well-established daycare center, providing a consistent stream of rental income for the new owner. This existing lease offers immediate return on investment and minimizes vacancy risk. The second unit is vacant, presenting a significant opportunity for an owner-user to establish their business or for additional leasing potential, maximizing the property's income generation. The building boasts a versatile layout, high ceilings, and ample on-site parking, catering to a wide range of business types. Its strategic location in Bedford, Ohio, offers excellent access to major roadways, ensuring high visibility and convenient access for customers and employees. This combination of a stable, income-producing tenant and a vacant unit ready for immediate development makes this property an attractive investment prospect with significant potential for future growth and profitability. The asking price is $699,000.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Bedford Heights
County
Cuyahoga
State
Ohio
Longitude
-81.5267
Latitude
41.4219
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,617
$34,790
$0.00
$34,790
-
$99,400
$0.00
$99,400
More about this property
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