Property profile

Hemisphere Way Bedford, OH 44146

OFF-MARKET
Other industrial land
Property ID
US66-3908447
4.88 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is an 18,961-square-foot office building constructed in 2008, located in Bedford. It is divided into two distinct office units with a layout designed to support multiple occupants or separate tenancy. The building includes a substantial on-site solar array used to generate most of the electricity consumed onsite. It offers on-site parking and is situated approximately a 12-minute drive from the I-271 Chagrin Boulevard exit, providing access to regional transportation routes. The building’s utility costs and performance have been tracked historically, with reported utility expense for 2023 of $3,527.64.

Property profile

Verified
Property type Other industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 4.88 ac (212,485 SF)
Zoning code I-2
APN 814-07-002
UPID US66-3908447

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Hemisphere Way Bedford, OH 44146
Bedford metro Census 132302 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2022
Price N/A
2004
$10

Zoning & alternative use

I-2 · Bedford, OH
Zoning description

1935 B-1 Local Retail Business Districts CHAPTER 1937 B-2 General Business Districts CHAPTER 1938 B-2A Automotive Business District CHAPTER 1939 M-U Mixed Use District CHAPTER 1941 I-1 Industrial Districts CHAPTER 1942 I…

General category INDUSTRIAL

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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