Financial
Distress signals
Property profile

6731 Ridge Rd Parma, OH 44129

FOR SALE
Medical Office Space
Property ID
US66-2252392
13,851 SF 0.78 ac lot Built 1983
Last sale Nov 2016 · $1,007,876
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 13,763-square-foot multi-story commercial building configured for uses such as salon, medical, or office. It consists of three floors served by one elevator and two stairwells, and includes fourteen restrooms. A rooftop HVAC system replacement was completed in the years prior to this listing. Parking is provided via two parking lots with a combined capacity of 65 vehicles. The building is located near University Hospital, retail areas, transit access, and a high school…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value$386k
Assessed land$75k
Assessed improvement$311k
Effective rate8.27%

Value estimate

· Sep 2026
$360k
$324k – $396k
Submarket $/SF estimate$1.32M
NOI build-up
Gross scheduled income$294k
Vacancy & credit loss−$37k
Operating expenses−$103k
NOI · 7.92% cap applied$154k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$109/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$58 – $165
Qualifying comparables3

Cap rate analysis

How does the asset earn?
7.92%
$154k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RB
Protect adjacent residential properties by restricting the type of business uses, particularly at the common boundaries, which would crea...
General categoryCOMMERCIAL
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency16.5
Wholesale Shop13.5
Law Firm12.9

Location

6731 Ridge Rd Parma, OH 44129
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5850 Rdg, Parma, OH 44129-3169 $450,000 Apr 2025 10,561 SF
6731 Ames, Parma, OH 44129-5601 $275,000 Jun 2024 6,170 SF
7448 Rdg, Parma, OH 44129-6605 $968,000 Apr 2023 3,279 SF
5574 Pearl, Parma, OH 44129-2541 $305,000 Apr 2022 4,000 SF
6800 Rdg, Parma, OH 44129-5627 $850,000 Nov 2020 5,600 SF
6820 Rdg, Parma, OH 44129-5646 $1,025,000 Jun 2020 15,716 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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