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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Warehouses
5383 Bedford St Bedford Heights, OH 44146-1840
Entity Owned
18-yr Hold
Free & Clear
Property ID
US66-4267883
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
TYPE NOT SPECIFIED
Total area
10,000 SF
Lot
0.98 ac (42,628 SF)
Zoning code
I
APN
791-14-036
UPID
US66-4267883
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
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$540k
Owner & transaction history
Zavarella Properties Ltd · 18 yrs held
Zavarella Properties Ltd
since 2007
4 recorded transactions
Zoning & alternative use
I · Bedford Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide for orderly growth and development in the City of Bedford Heights
Zone name
Industrial
General category
INDUSTRIAL
Zone area
835.04 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$830,000
+45.5%
Apartment house (5+ units)
$740,000
+29.9%
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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$570,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$740,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$54 / 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
$16,606
Tax year 2023
Assessed value
$159,740
Assessed 2023
Previous assessed
$159,740
+0.0% YoY
Effective rate
10.40%
On assessed value
Assessed land
$20,020
Assessed improvement
$139,720
Land market value
$57,200
Improvement market value
$399,200
Total market value
$456,400
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
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
10,000 SF
Lot
0.98 ac (42,628 SF)
Zoning code
I
APN
791-14-036
UPID
US66-4267883
Jurisdiction
CUYAHOGA
Zoning & alternative use
I · Bedford Heights, OHZoning 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
Zoning description
The purpose of this district is to provide for orderly growth and development in the City of Bedford Heights
Zone name
Industrial
General category
INDUSTRIAL
Zone area
835.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$740,000
WAREHOUSE, STORAGE Current
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
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Zavarella Properties Ltd
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 46983, BEDFORD HTS, OH 44146-0983
Ownership since
2007
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
Aug 8, 2018
—
Zavarella Properties Ltd
—
Deed
related
$574,000 · First Nat'l Bk/pa
Sep 5, 2007
$31,360
Zavarella Properties Ltd
Sheriff Of Cuyahoga County
Trustees Deed
—
Sep 30, 2005
$2,000
Zavarella Properties Ltd
Mccann,edward
Quit Claim Deed
related
—
—
—
Zavarella Properties Ltd
—
Loan Modification
related
$574,000 · First Nat'l Bk/pa
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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