Free-Standing Building with Large
For Sale
Contact for pricing
Pending
5522 Pearl Rd, Parma, OH 44129
Commercial building in a bustling suburban area near Cleveland.
Property Size2,707 SF
Days on Market916
Property Features for 5522 Pearl Rd
General Information
Standard status
Pending
Size
2,707 SF
Class
B
Total Parking Spaces
30
Property subtype
Business for Sale, Mixed Use, Special Purpose
Lease Type
NNN
Investment Type
Net Lease
Building Details
Units
2
Tenancy
Single
Listing Agency:
Magura Properties LLC
Listed By:
Bill Magura · License #OH 2017001193
Source:
Crexi
Added: Mar 3, 2024
Changed: Aug 8
Last Checked: Sep 4 at 6:23PM
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 Magura Properties LLC
Investment Insights
Based on property information with market context.
This free-standing building, accompanied by a large parking lot, is situated in a bustling suburban area known for its blend of residential neighborhoods, commercial establishments, and community amenities. Located in Parma, a city in Cuyahoga County just outside of Cleveland, the property benefits from a strong sense of community and a diverse population. Given its commercial nature, the 2,707 square foot building could accommodate retail shops, specialty shops, restaurants, offices, or other establishments catering to the needs of the local community. The area likely experiences steady foot traffic, serving as a hub of activity for both residents and visitors. Parma offers a mix of urban convenience and suburban charm, featuring parks, schools, and recreational facilities among its residential areas. The city also has a rich history and cultural heritage, with year-round events and activities.
Key Highlights
- Free‑standing building with a large parking lot.
- Located in a bustling suburban area with high foot traffic.
- Long‑term lease preferred.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,159
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$643,180
$643.2K
Cap Rate 7%
$459,414
$459.4K
Cap Rate 9%
$357,322
$357.3K
Market Conditions
NOI Build-Up for 2,707 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.5K $21.60/SF
− Vacancy
−$7.0K −$2.59/SF
EGI
$51.5K $19.01/SF
− OpEx
−$19.3K −$7.13/SF
NOI
$32.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$643,180
Cap Rate 7%
$459,414
Cap Rate 9%
$357,322
Alternative Uses
Best Use
Mixed Use
$459.4K
$402.0K – $536.0K
NOI $32,159 @ 7.0% cap · market cap 3.83%
Second Best
Office B
$415.2K
$363.3K – $484.4K
NOI $29,063 @ 7.0% cap · market cap 3.46%
Theoretical Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $151,828 @ 7.0% cap · market cap 18.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building in a bustling suburban area near Cleveland.
Where is this mixed-use property located?
The property is located at 5522 Pearl Rd Parma, OH.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Free‑standing building with a large parking lot.; Located in a bustling suburban area with high foot traffic.; Long‑term lease preferred.
