Add Listing
    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

    5466 Pearl Rd Parma, OH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail-zoned land with high traffic and income demographics.

    Type:LAND
    Lot size:
    1.26 Acres
    Added:
    Aug 19, 2025
    Days on Market:
    229
    Last Refresh:
    Apr 2 at 12:05 am

    Property Features for 5466 Pearl Rd

    General Information

    Standard status
    Active
    Lot size
    1.26 Acres
    Property subtype
    LAND

    Properties For Sale

    at 5466 Pearl Rd Contact us

    We can help!

    Listing Contact
    Kevin Moss
    Kevin Moss

    Listing agent Kevin Moss License #SAL.2015001299

    Listing office CBRE | Cleveland

    Listing date Aug 19, 2025

    Source Moodyscre

    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 CBRE | Cleveland

    Overview

    Retail Zoned Land For Sale

    This commercially zoned land is designated for Retail Business (RB). The location benefits from high traffic counts, with 40,201 vehicles per day (VPD) at the intersection of Ridge Road and Pearl Road. The surrounding area has a population of 128,505 people within a 3-mile radius. The average household income is $84,084 within a one-mile radius. Nearby retailers include Walgreens, KFC, Mr. Chicken, Subway, Dairy Queen, Dollar Tree, Family Dollar, and Jet’s Pizza.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    -81.7295
    Latitude
    41.3886

    Nearby Similar for Sale

    • $425,000

      Renovated Commercial Building, High-Visibility Location

      Turnkey commercial building in Parma with modern updates and parking.
      5393 Pearl Road, Parma, OH 44109
      View Details
    • $399,000
      4,000 SF

      Parma Brick Investment Property

      Well-maintained 3-unit property in Parma, Ohio.
      6448 Ridge Road, 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 Avenue, Parma, OH 44129
      View Details
    • $255,000
      2,232 SF

      Well-Maintained Duplex in Parma, OH

      Spacious duplex with recent updates, ideal for owner-occupancy.
      5240 State Road, Parma, OH 44134
      View Details
    • $210,000

      Mixed-Use Property in Parma, OH

      Mixed-use property with commercial and residential income potential.
      5432 State Road, Parma, OH 44134
      View Details
    • $265,000
      2,153 SF

      Parma Colonial with Income Potential

      Unique colonial ideal for flexible living and income generation.
      6507 Luelda Avenue, Parma, OH 44129
      View Details
    • $55,000

      Buildable Wooded Lot in Parma

      One-acre wooded lot, build your dream home near Cleveland.
      0 Orchard Park Drive, Parma, OH 44129
      View Details
    • $650,000

      Versatile Land with Development Potential

      20.13 acre property with existing home and development possibilities.
      7791 Hoertz Road, Parma, OH 44134
      View Details
    • $60,000

      Vacant Lot in Parma, OH

      Residential land available for building a dream home in Parma.
      E Bagley Road, Parma, OH 44130
      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
      View Details
    • $333,800
      3,236 SF

      Multifamily Property with Three Units

      Three-unit multifamily property available for sale.
      6814 Bradley Avenue, Parma, OH, USA, Parma, OH 44129
      View Details
    • $599,000
      6,630 SF

      Well-Maintained Office Building For Sale

      Office building with space available, below market rents, signage.
      5339 Ridge Rd, Parma, OH
      View Details

    FAQs

    What type of property is this?
    Commercial land - Retail-zoned land with high traffic and income demographics.
    Where is this commercial land located?
    The property is located at 5466 Pearl Rd Parma, OH.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: High traffic counts of 40,201 VPD at the intersection of Ridge Road and Pearl Road!; Zoned: Retail Business (RB); Population of 128,505 people within a 3 mile radius
    (216) 577-1517 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kevin Moss
    Kevin Moss
    Real Estate License ID: SAL.2015001299
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!