Property profile

5178 Richmond Rd Bedford Heights, OH 44146

OFF-MARKET
Manufacturing properties
Property ID
US66-0130618
10,353 SF 0.66 ac lot Built 1962
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1962
Construction TYPE NOT SPECIFIED
Total area 10,353 SF
Lot 0.66 ac (28,960 SF)
Zoning code I
APN 791-02-009
UPID US66-0130618

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
  • Auto Repair Shop

Location

5178 Richmond Rd Bedford Heights, OH 44146-1331
Bedford Heights metro Census 133104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
$655k
Comparable Approach Comparable
$690k
Blend (final) Blend
$655k

Owner & transaction history

since 2023
Last sale
$700,000
7 recorded transactions
2023
Price N/A
2021
$700,000
2009
$401,100
2009
$382,000
2005
$320,000
2000
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 $1.1M +145.1%
Neighborhood: shopping center $1.1M +128.5%
Commercial (general) $860,000 +86.9%

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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