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Property profile & analytics
OFF-MARKET
Estimated value
$21,160,000
Parking lots & garages
Forbes Rd Bedford, OH 44146
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-3597311
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
1.1 ac (47,772 SF)
Zoning code
GB
APN
795-47-023
UPID
US66-3597311
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
$21.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.16M
Owner & transaction history
Hikma Pharmaceuticals USA INC · 1 yrs held
Hikma Pharmaceuticals USA INC
since 2024
Last sale
$21.2M
4 recorded transactions
Zoning & alternative use
GB · Bedford, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bedford 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
$21,160,000
ML approach
$21,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.16M
Range $19.04M – $23.28M · ±10% · vs last sale $21.16M (Sep 24 2024)
Last sale anchor
$21.16M
Sep 24 2024
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
—
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
$3,893
Tax year 2023
Assessed value
$44,110
Assessed 2023
Previous assessed
$44,110
+0.0% YoY
Effective rate
8.83%
On assessed value
Assessed land
$34,340
Assessed improvement
$9,770
Land market value
$98,100
Improvement market value
$27,900
Total market value
$126,000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
1.1 ac (47,772 SF)
Zoning code
GB
APN
795-47-023
UPID
US66-3597311
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB · Bedford, OHZoning GB · permitted uses
GB · Bedford, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Hikma Pharmaceuticals USA INC
Entity
Mailing address
2 ESTERBROOK LN, CHERRY HILL, NJ 08003-4002
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 24, 2024
$21,162,300
Hikma Pharmaceuticals USA INC
Xellia Pharmaceuticals USA LLC
Limited Warranty Deed
—
Nov 30, 2015
$19,637,613
Xellia Pharmaceuticals USA LLC
West-ward Injectables INC
Grant Deed
—
Sep 17, 2014
$84,925,300
West-ward Injectables INC
Ben Venue Laboratories INC
Grant Deed
—
Aug 19, 2011
—
Ben Venue Laboratories INC
—
Deed Of Trust
related
$160,000,000 · Boehringer Ingelheim USA Corp
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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