Sign Up Successful!
You now have access to more from Realmo!
    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

    7000 Ridge Rd Parma, OH 44129

    Sponsored
    For Sale
    Pending
    $1,700,000

    COMMERCIAL - Parma, OH

    Lot size:
    4.56 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 3 at 5:06 pm

    Property Features for 7000 Ridge Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Rooms
    Basement
    APN
    455-10-002
    Lot size
    4.56 Acres

    Utilities

    Heating system
    Hot Water(Heating), Steam

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Stacy N Nugent

    Keller Williams Elevate (440) 572-1200

    Listing agent Stacy N Nugent (216) 299-5092 License #2015003217

    Listing date Feb 3, 2026

    MLS# 5180230

    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.

    Learn more

    Property Insight Report

    Overview

    High-Visibility Commercial Land on Ridge

    Located at 7000 Ridge Rd., Parma, OH, this commercial property offers a high-visibility opportunity on one of Parma's busiest commercial corridors. The 4.5632-acre lot benefits from exceptional daily traffic counts and outstanding street exposure. The location provides maximum visibility, prominent signage potential, and easy access for customers and clients. The property is surrounded by established retailers, restaurants, and service businesses, benefiting from consistent drive-by traffic and strong local demographics. Convenient access to major routes and nearby residential neighborhoods makes it an ideal spot for retail, office, medical, service, or professional use. This property is suitable for both owner-users looking to establish a presence and investors seeking a high-traffic location in a proven commercial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.735623
    Latitude
    41.375095

    Nearby Similar for Sale

    • $275,000
      2,153 SF

      Parma Colonial with Income Potential

      Unique colonial in Parma ideal for flexible living options.
      6507 Luelda Ave, Parma, OH 44129
      View Details
    • New
      $279,900
      2,422 SF

      All Brick Duplex with Garage

      Pristine duplex with garage, hardwood floors, and recent upgrades.
      5903 Warwick Dr, 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 Ave, Parma, OH 44129
      View Details
    • New
      $210,000
      Pending

      Mixed-Use Property in Parma, OH

      Mixed-use property with commercial and residential income potential.
      5432 State Rd, Parma, OH 44134
      View Details
    • New
      $295,000
      2,240 SF

      Parma Multifamily Investment Opportunity

      Well-maintained, fully occupied multi-unit property in Parma, Ohio.
      4101 Pershing Ave, Parma, OH 44134
      View Details
    • $375,000
      3,420 SF

      Converted Office Building For Sale

      3,420 SF office building with retail zoning.
      7664 Broadview Rd, Parma, OH
      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 44129
      View Details
    • $264,900
      2,113 SF

      Flex Space with Drive-In Doors

      Flex space featuring drive-in doors and climate-controlled warehouse.
      12000-12100 Snow Rd, Parma, OH
      View Details
    • $4,500,000
      25,837 SF

      Retail Buildings on Brookpark Road

      Two buildings totaling 25,837 SF on 3.825 acres.
      9255 Brookpark Rd, Parma, OH
      View Details
    • $995,000
      3,044 SF

      Free-Standing Building on Ridge Road

      3,044 SF building on hard-corner, signalized location.
      5393 Rdg Rd, Parma, OH
      View Details
    • $599,000
      6,630 SF

      Well-Maintained Office Building For Sale

      Office building with space available, below market rents, signage.
      5339 Rdg Rd, Parma, OH
      View Details
    • Contact for pricing
      10,000 SF

      Freestanding Three-Story Retail Building

      10,000 SF retail building on 1.3 to 3.2 acres.
      7892 Broadview Rd, Parma, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial opportunity on a high-traffic corridor in Parma, OH.
    Where is this commercial land located?
    The property is located at 7000 Ridge Rd Parma, OH.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - High-visibility location on Ridge Road with exceptional daily traffic counts.; - Outstanding street exposure and prominent signage potential.; - Easy access for customers and clients.
    (216) 299-5092
    Request Owner's contact information
    7000 Ridge Rd Parma, OH 44129
    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.
    7000 Ridge Rd
    Parma, OH 44129
    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
    7000 Ridge Rd Parma, OH 44129
    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

    We can help!
    Listing Contact
    Stacy N Nugent
    Real Estate License ID: 2015003217
    (216) 299-5092
    Learn more
    Google sign-in failed. Please try again or use another login method.