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Libby Road Office Building 21821 Libby Rd 3,000 SF Office Building Bedford, OH 44146 $249,000 ($83/SF)
Investment Highlights
- Multi-Unit building with potential to rent to other tenants
- Brick exterior with Stone Detail
- Surface Parking
Executive Summary
2 story office off Northfield Rd and Minutes away from I-480 and I-271. Great opportunity for an owner to lease out other offices or use the entire building for their business operations.
Financial Summary (Pro Forma - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$48,000
|
$16.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,000
|
$1.00
|
| Effective Gross Income |
$45,000
|
$15.00
|
| Taxes |
$4,400
|
$1.47
|
| Operating Expenses |
$4,000
|
$1.33
|
| Total Expenses |
$8,400
|
$2.80
|
| Net Operating Income |
$36,600
|
$12.20
|
Financial Summary (Pro Forma - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $16.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $1.00 |
| Effective Gross Income | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $15.00 |
| Taxes | |
|---|---|
| Annual | $4,400 |
| Annual Per SF | $1.47 |
| Operating Expenses | |
|---|---|
| Annual | $4,000 |
| Annual Per SF | $1.33 |
| Total Expenses | |
|---|---|
| Annual | $8,400 |
| Annual Per SF | $2.80 |
| Net Operating Income | |
|---|---|
| Annual | $36,600 |
| Annual Per SF | $12.20 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1958/2014
Price
$249,000
Price Per SF
$83
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,500 SF
Slab To Slab
9’
Building FAR
0.30
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
office/medical - commercial
Parking
10 Spaces (3.51 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Kitchen
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Aleksandr Rybak
- -
- 500 SF
- -
- -
-
- -
- 500 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Aleksandr Rybak | - | 500 SF | - | - | ||
|
|
- | 500 SF | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 791-18-032 | Total Assessment | $47,705 (2024) |
| Land Assessment | $17,500 (2024) | Annual Taxes | $4,400 ($1.47/SF) |
| Improvements Assessment | $30,205 (2024) | Tax Year | 2021 |
Property Taxes
Parcel Number
791-18-032
Land Assessment
$17,500 (2024)
Improvements Assessment
$30,205 (2024)
Total Assessment
$47,705 (2024)
Annual Taxes
$4,400 ($1.47/SF)
Tax Year
2021
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Libby Road Office Building | 21821 Libby Rd
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