Mixed-Use Building with
5393 Pearl Road, Parma, OH 44129
For Sale
New
$335,000
Ground-floor business space is paired with an upstairs one-bedroom home and on-site parking.
Property Size2,000 SF
Days on Market4
Property Features for 5393 Pearl Road
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Road Access
Mixed-Use Components
Additional Details
Asking Price
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Greater Cleveland
Listed By:
Dontez Sanders · License #2026000475
(216) 288-3819
Source:
Realnex
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:29PM
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 Greater Cleveland
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Investment Insights
Based on property information with market context.
Built in 1956, this mixed-use property combines an open commercial area on the ground floor with a one-bedroom residence above. The residential space includes a kitchen, bedroom, bathroom and living area. The property is zoned BB and is being sold as-is. Approximately 10 parking spaces are on site.
The building is on Pearl Road in Parma, with access to Ridge Road and I-480. Traffic near the property is reported at approximately 12,270 vehicles per day. Nearby businesses include Starbucks, Dunkin', Seoul Garden and Jet's Pizza.
The building is on Pearl Road in Parma, with access to Ridge Road and I-480. Traffic near the property is reported at approximately 12,270 vehicles per day. Nearby businesses include Starbucks, Dunkin', Seoul Garden and Jet's Pizza.
Key Highlights
- Ground‑floor commercial area with an open layout
- Upstairs residence includes one bedroom, kitchen, bathroom and living area
- Approximately 10 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,760
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,200
$475.2K
Cap Rate 7%
$339,429
$339.4K
Cap Rate 9%
$264,000
$264.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$5.2K −$2.59/SF
EGI
$38.0K $19.01/SF
− OpEx
−$14.3K −$7.13/SF
NOI
$23.8K $11.88/SF
Area
Cuyahoga County, OH
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,200
Cap Rate 7%
$339,429
Cap Rate 9%
$264,000
Alternative Uses
Best Use
Mixed Use
$339.4K
$297.0K – $396.0K
NOI $23,760 @ 7.0% cap · market cap 7.09%
Second Best
Retail
$273.0K
$238.9K – $318.5K
NOI $19,110 @ 7.0% cap · market cap 5.70%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $112,174 @ 7.0% cap · market cap 33.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12,270 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 44129, OH
28,803
Population
12,756
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,966
Density / Sq Mi
$67,619
Median Household Income
$39,174
Median Earnings
$1,024
Median Rent
$150,400
Median Home Value
Market
Properties on Market for Mixed-use properties in Cuyahoga County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor business space is paired with an upstairs one-bedroom home and on-site parking.
Where is this mixed-use property located?
The property is located at 5393 Pearl Road Parma, OH.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Ground‑floor commercial area with an open layout; Upstairs residence includes one bedroom, kitchen, bathroom and living area; Approximately 10 on‑site parking spaces
