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    Property profile & analytics

    595 Golden Oak Pkwy Bedford, OH 44146

    • Office buildings
    • 1,896 SF
    • 1.00 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Last Sale
    Dec 31, 2020
    $700,000
    Value Estimations
    $630,000
    Cap Rate Potential
    3.3%
    Office buildings
    Location Intelligence
    Property ID
    US66-0511959
    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

    • Office buildings

    Property Details for 595 Golden Oak Pkwy

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.00 lot acres
    Property size
    1,896 SF
    Zone code
    I-1
    Property type
    Office buildings
    APN
    795-33-011
    APU
    79533011

    Description

    This exceptional 15,686-square-foot industrial property, located at 595 Golden Oak Parkway in Bedford, Ohio, presents a unique opportunity for businesses seeking a versatile and strategically located space. The single-tenant building is ready for immediate occupancy and offers a blend of office and warehouse space, perfectly suited for a variety of uses. Approximately 1,840 square feet are dedicated to office space, providing ample room for administrative functions, while the remaining 13,846 square feet comprise a spacious warehouse area ideal for light manufacturing, assembly, distribution, wholesale operations, or research and development laboratories. Situated in the Village of Oakwood, this stand-alone building enjoys an excellent location with convenient access to major transportation arteries. Its proximity to the full interchange at I-271/I-480 (1.4 miles via Forbes Road) ensures efficient logistics and streamlined transportation for your business. The property is classified as industrial, with a flex/manufacturing subtype, within Cuyahoga County, Ohio, and boasts a 44146 zip code. This property offers a compelling combination of functionality, location, and immediate availability, making it an attractive option for businesses seeking to establish or expand their operations in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $840,000
      ML approach
      $860,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $460,000
      6.5%
      $425,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $477,000
      Market price range: $109k - $478k
      AI Estimate
      $422,000
      Market price range: $126k - $422k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bedford
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4977
    Latitude
    41.3533
    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
    $21,311
    $23,210
    $221,800
    $245,010
    -
    $66,300
    $633,700
    $700,000

    Comparable in this City

    • Value Estimation by Request
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      5,208 SF

      7800 Northfield Rd

      OFFICE BUILDING • 5,208 SF
      7800 Northfield Rd, Walton Hills, OH 44146-5523
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      2,870 SF

      7575 Northfield Rd

      OFFICE BUILDING • 2,870 SF
      7575 Northfield Rd, Walton Hills, OH 44146-6109
      View Details
    • Value Estimation
      $950,000
      19,144 SF

      739 Broadway Ave

      OFFICE BUILDING • 19,144 SF
      739 Broadway Ave, Bedford, OH 44146-3617
      View Details
    • Value Estimation
      $6,610,000
      29,700 SF

      5064 Richmond Rd, Unit 5092

      OFFICE BUILDING • 29,700 SF
      5064 Richmond Rd, Bedford Heights, OH 44146-1329
      View Details

    Similar Nearby for Sale

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    • $2,500,000
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      Bedford Office Building For Sale

      Well-maintained 18,961 SF office building in Bedford, Ohio.
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    • $294,900
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      Updated Four-Unit Multifamily Investment

      Rent-ready four-unit property near Bedford automile.
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    • $68,000
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      Bedford Land for Development

      6.73 acres available in Bedford, Ohio for development.
      Hubbell Cir, Bedford, OH 44146
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    • $69,500
      0.37 Acres

      Buildable Land in Bedford Heights

      0.366-acre lot ready for new construction in established neighborhood.
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    • $50,000
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      Commercial Corner Lot in Bedford

      Corner lot in Bedford, Ohio, with utilities at street.
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    Similar Nearby for Lease

    • Contact for pricing
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    • $450 /Mo
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      Office Space in Mixed-Use Building

      Office space for rent in Bedford, Ohio.
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    • $10 SF/Yr
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      Prime Office Space, Bedford Heights

      263,016 SF Office Building, Ample Parking
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    • $450 /Mo
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      Office Space in Mixed-Use Building

      Office space for rent in Bedford, Ohio.
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      View Details
    • $2,500 /Mo
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      Retail/Office Space on Broadway

      High-visibility retail and office space with ample parking.
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      View Details
    • $6 SF/Yr
      13,500 SF

      Bedford Heights Industrial Space Available

      13,500 SF industrial space for lease in Bedford Heights.
      26820 Fargo Ave, Bedford Heights, OH 44146
      View Details
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    Bedford, OH 44146
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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