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    6555 Pearl Rd Parma Heights, OH

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    For Sale
    $1,750,000

    Retail property with high visibility and city-approved cannabis license.

    Property size:
    3,200 SF
    Lot size:
    1.33 Acres

    Property Features for 6555 Pearl Rd

    General Information

    Size
    3,200 SF
    Lot size
    1.33 Acres

    Source: Marcus & Millichap | Phoenix Agent Alex Frankel

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

    Overview

    Retail Property on Pearl Road

    This retail property benefits from excellent visibility along Pearl Road, which sees 19,725 cars per day. The property has a city-approved cannabis license. The average household income exceeds $80,000 within a 3-mile radius. The property is located within a 5-mile radius of over 240,000 residents within the Cleveland MSA. Rental increases are set at 5 percent every five years, with multiple renewal options. The property has a size of 3,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Parma Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7595769
    Latitude
    41.3900518

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      1,248 SF

      Former Convenience Store on Corner

      1,248 SF retail property on 0.29 acres for sale.
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    FAQs

    What type of property is this?
    Retail space - Retail property with high visibility and city-approved cannabis license.
    Where is this retail space located?
    The property is located at 6555 Pearl Rd Parma Heights, OH.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - City approved cannabis license (Ohio) - high barrier to entry.; - Excellent visibility along Pearl Road with 19,725 cars per day.; - Over 240,000 residents in a 5-mile radius (Cleveland MSA).
    (216) 292-7006
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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
    6555 Pearl Rd Parma Heights, OH
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