Multi-Story Medical Office
6731 Ridge Road Parma, OH 44129
6731 Ridge Road, Parma, OH, 44129
$1,949,999
For Sale
$1,949,999
SINGLE_FAMILY - Parma, OH
Property Size14,000 SF
Lot Size0.78 Acres
Price / SF$139.29
Days on Market915
Property Features for 6731 Ridge Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 65
- Standard status
- Active
- APN
- 450-01-003
- Lot size
- 0.78 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- ELY 10 SP 1144.94 NWC
- Tax Annual Amount
- 28356
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1983
- Floors in Building
- 3
- Number of units
- 10
Listing Agency
The Holton-Wise Property Group LLC
(216) 661-6633
4207 Brookpark Road, Parma, OH
Listed by
James P Wise · License #2015001161
(216) 661-6633
Added: Jan 18, 2024 Updated: Jul 5 at 1:13 pm Checked: Jul 21 at 3:06 am
MLS# 5012346
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-story office and healthcare-oriented building offers a flexible interior configuration suited to salon, medical, or general office uses. The property includes three floors served by one elevator and two stairwells, along with 14 restrooms. Two parking lots provide on-site parking for up to 65 vehicles. A newer rooftop HVAC system was installed a couple of years ago, with the seller indicating a $80,000 installation.
The building is located at 6731 Ridge Road in Parma, Ohio, with frontage on both Ridge Rd and Lynett Dr. Public remarks state the property is across from Byers field and University Hospital, and that it sits near shopping, transit, and a high school football stadium. The remarks also cite proximity to several national retailers and QSR brands.
The current offering is for sale, with public remarks indicating that vacant space is being leased out and that rent roll documentation is available from the agent upon request. With its healthcare-ready footprint, multiple restrooms, elevator service, and ample parking, the building may suit buyers or operators seeking an adaptable facility for medical practice or office use.
The building is located at 6731 Ridge Road in Parma, Ohio, with frontage on both Ridge Rd and Lynett Dr. Public remarks state the property is across from Byers field and University Hospital, and that it sits near shopping, transit, and a high school football stadium. The remarks also cite proximity to several national retailers and QSR brands.
The current offering is for sale, with public remarks indicating that vacant space is being leased out and that rent roll documentation is available from the agent upon request. With its healthcare-ready footprint, multiple restrooms, elevator service, and ample parking, the building may suit buyers or operators seeking an adaptable facility for medical practice or office use.
Key Highlights
- Seller financing available.
- Potential rental income between $16,000/mo & $22,000/mo.
- 14,000+ sq ft building suitable for Salon / Medical / Office use.
Local Financial Insights For Healthcare Medical
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 | $294.0k | $21.00 |
| − Vacancy | −$36.8k | −$2.63 |
| EGI | $257.3k | $18.38 |
| − OpEx | −$102.9k | −$7.35 |
| NOI | $154.4k | $11.03 |
14,000 SF · lease $21.00/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.21M
$1.93M – $2.57M
NOI $154,350 @ 7.0% cap · market cap 7.92%
Second Best
Office B
$2.15M
$1.88M – $2.51M
NOI $150,305 @ 7.0% cap · market cap 7.71%
Theoretical Best
Warehouse
$11.22M
$9.82M – $13.09M
NOI $785,219 @ 7.0% cap · market cap 40.27%
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?
Office building - Multi-floor salon, medical, and office building with rooftop HVAC and parking for up to 65 vehicles.
Where is this office building located?
The property is located at 6731 Ridge Road Parma, OH.
What is the asking price?
The asking price for this property is $1,949,999.
What are key features of this property?
This property features: Seller financing available.; Potential rental income between $16,000/mo & $22,000/mo.; **14,000+ sq ft building** suitable for Salon / Medical / Office use.
