Office Unit with
5255 State Road, Parma, OH 44134
For Sale
$210,000
Reception, office, workroom, and garage areas offer a practical layout for a small commercial business.
Property Size800 SF
Price / SF$262.50
Days on Market72
Property Features for 5255 State Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Condition
Road Access
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
DeHOFF REALTORS
(330) 499-8153
Listed By:
Barbara A Calzola · License #2003007563
(330) 705-9702
Source:
Kimberlysrealtycorp
Added: Aug 28
Changed: Nov 7
Last Checked: Nov 7 at 2:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DeHOFF REALTORS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 800-square-foot commercial office unit includes a reception or office area, a second office, a small kitchen with a sink and cabinets, storage shelving, and an open workroom. The interior also has a half bath, a standalone shower, and a utility room. A separate 2 1/2-car garage provides additional enclosed space. The property was built in 1950 and is zoned Commercial.
Two entrances serve the building: one faces State Road, while the other is next to the parking area. On-site parking accommodates three vehicles. The workroom configuration may be adapted for additional office or reception space, subject to the needs of the occupant.
Two entrances serve the building: one faces State Road, while the other is next to the parking area. On-site parking accommodates three vehicles. The workroom configuration may be adapted for additional office or reception space, subject to the needs of the occupant.
Key Highlights
- 800‑square‑foot office unit with reception area, second office, and open workroom
- 2 1/2‑car garage for storage, shop use, or owner parking
- Parking for three vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,813
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,260
$196.3K
Cap Rate 7%
$140,186
$140.2K
Cap Rate 9%
$109,033
$109.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$14.8K $18.48/SF
− Vacancy
−$1.7K −$2.13/SF
EGI
$13.1K $16.35/SF
− OpEx
−$3.3K −$4.09/SF
NOI
$9.8K $12.27/SF
Area
ZIP 44134
Vacancy
11.50%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,260
Cap Rate 7%
$140,186
Cap Rate 9%
$109,033
Alternative Uses
Best Use
Office B
$140.2K
$122.7K – $163.6K
NOI $9,813 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$159.8K
$139.8K – $186.4K
NOI $11,184 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 44134, OH
38,845
Population
17,436
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
9.7 sq mi
ZIP Area
4,005
Density / Sq Mi
$67,116
Median Household Income
$43,625
Median Earnings
$1,108
Median Rent
$153,500
Median Home Value
Market
Average Price Trend$/SF for Office Units in Cuyahoga County, OH
Properties on Market for Office Units in Cuyahoga County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Reception, office, workroom, and garage areas offer a practical layout for a small commercial business.
Where is this office unit located?
The property is located at 5255 State Road Parma, OH.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 800‑square‑foot office unit with reception area, second office, and open workroom; 2 1/2‑car garage for storage, shop use, or owner parking; Parking for three vehicles
