Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5421 Pearl Road Parma, OH 44129

    View on Map
    Claim this Listing
    For Sale
    $650,000

    SINGLE_FAMILY - Parma, OH

    Type:Retail
    Lot size:
    0.21 Acres
    Added:
    Dec 22, 2025
    Days on Market:
    115
    Last Refresh:
    Apr 16 at 11:06 am

    Property Features for 5421 Pearl Road

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    443-20-075
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6050

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1952

    We can help!

    Listing Contact
    Abe M Abdulla

    Listing agent Abe M Abdulla License #379523

    Listing office Realty Express 13353 Snow Road-Suite 105, brook park, OH

    Listing date Dec 22, 2025

    MLS# 5178491

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property in Parma, Ohio

    This retail property is located in Parma, Ohio. The lot size is approximately 0.21 acres. The property is located in Cuyahoga County and has a postal code of 44129.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Map

    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7338
    Latitude
    41.3919

    Nearby Similar for Sale

    • $409,888

      Renovated Commercial Building on Pearl

      Turnkey commercial building with modern updates and private parking.
      5393 Pearl Road, Parma, OH 44109
      View Details
    • $295,000
      2,324 SF

      Spacious Tudor Duplex in Parma

      Well-maintained duplex with upside potential in a sought-after rental market.
      6511 Laverne Avenue, Parma, OH 44129
      View Details
    • $325,000
      2,850 SF

      Updated Duplex with Modern Finishes

      Updated duplex featuring remodeled units, private porches, and ample storage.
      5406-5408 Merkle Avenue, Parma, OH 44129
      View Details
    • $259,900
      2,160 SF

      Parma Duplex: Investment Opportunity

      Brick duplex in Parma with long-term tenants, great investment.
      6125 W 54th Street, Parma, OH 44129
      View Details
    • $255,000
      2,232 SF

      Well-Maintained Duplex in Parma, OH

      Spacious duplex with recent updates, ideal for owner-occupancy.
      5240 State Road, Parma, OH 44134
      View Details
    • $210,000

      Mixed-Use Property in Parma, OH

      Mixed-use property with commercial and residential income potential.
      5432 State Road, Parma, OH 44134
      View Details
    • $265,000
      2,153 SF

      Parma Colonial with Income Potential

      Unique colonial ideal for flexible living and income generation.
      6507 Luelda Avenue, Parma, OH 44129
      View Details
    • $834,000

      Commercial Flex Space Opportunity

      Commercial building suitable for flex space in Parma, Ohio.
      5522 Pearl Road, Parma, OH 44129
      View Details
    • $2,000,000

      Salon/Medical/Office Building For Sale

      14,000+ sq ft building near University Hospital.
      6731 Ridge Road, Parma, OH 44129
      View Details
    • $3,300,000
      41,354 SF

      Air-Conditioned Warehouse/Retail Space Available

      Vacant, air-conditioned warehouse/retail space with ample parking.
      8303 Day Dr, Parma, OH
      View Details
    • $333,800
      3,236 SF

      Multifamily Property with Three Units

      Three-unit multifamily property available for sale.
      6814 Bradley Avenue, Parma, OH, USA, Parma, OH 44129
      View Details
    • $599,000
      6,630 SF

      Well-Maintained Office Building For Sale

      Office building with space available, below market rents, signage.
      5339 Ridge Rd, Parma, OH
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property available for sale in Parma, Ohio.
    Where is this retail property located?
    The property is located at 5421 Pearl Road Parma, OH.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Heating: Forced Air; Year Built: 1952; Location: -81.73347, 41.41348
    (216) 210-5091
    We can help!
    Listing Contact
    Abe M Abdulla
    Real Estate License ID: 379523
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!