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    5455 Broadview Rd Parma, OH

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    For Lease
    $575,000

    Two-story office building with income and upside potential for investors.

    Property size:
    6,760 SF
    Lot size:
    0.68 Acres

    Property Features for 5455 Broadview Rd

    General Information

    Size
    6,760 SF
    Lot size
    0.68 Acres

    Source: Cresco Real Estate | Cleveland Agent Austin Love

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two-Story Office Building For Rent

    This two-story office building offers approximately 6,760 square feet of space on a 0.34-acre lot. The building is currently 75% leased, with 6 out of 8 offices occupied, providing immediate income and potential for increased revenue. The property is suitable for investors seeking stable cash flow with lease-up opportunities or for owner-users looking to occupy a portion of the building while generating rental income. It features 24 dedicated surface parking spaces. Situated in a well-established commercial area near restaurants, retail establishments, and everyday conveniences, the property benefits from a high-visibility location on Broadview Road and convenient access to I-480 and I-77. The building has a functional floor plan with flexible office suites, potential for cosmetic updates, and prominent signage to enhance tenant visibility.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7294702
    Latitude
    41.3886412

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    FAQs

    What type of property is this?
    Office building - Two-story office building with income and upside potential for investors.
    Where is this office building located?
    The property is located at 5455 Broadview Rd Parma, OH.
    What are key features of this property?
    This property features: - 75% leased with 6 of 8 offices occupied, providing immediate income.; - Ideal for investors or owner-users seeking cash flow and lease-up opportunity.; - Benefit from 24 dedicated surface parking spaces.
    (216) 520-1200
    Request Owner's contact information
    5455 Broadview Rd Parma, OH
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    Realmo Value Estimation

    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.

    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.

    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
    5455 Broadview Rd Parma, OH
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