Free-Standing Building with Large
5522 Pearl Rd Parma, OH 44129
5522 Pearl Rd, Parma, OH, 44129
Contact for pricing
For Sale
Contact for pricing
Pending
Commercial building in a bustling suburban area near Cleveland.
Property Size2,707 SF
Days on Market870
Property Features for 5522 Pearl Rd
General Information
- Standard status
- Pending
- Size
- 2,707 SF
- Property subtype
- Business for Sale, Mixed Use, Special Purpose
Listing agency
Magura Properties LLC
Listed by
Bill Magura · License #OH 2017001193
Source
Crexi
Added: Mar 3, 2024 Updated: Jul 6 at 8:39AM Checked: Jul 21 at 8:40AM
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.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.5k | $21.60 |
| − Vacancy | −$7.0k | −$2.59 |
| EGI | $51.5k | $19.01 |
| − OpEx | −$19.3k | −$7.13 |
| NOI | $32.2k | $11.88 |
2,707 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
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
Similar For Sale Nearby
FAQs
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.
