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    4044 Daisy Rd Parma, OH 44134

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    4044 Daisy Rd Parma, OH 44134

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    • Specialty properties
    • 2,100 SF
    • 0.28 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 4044 Daisy Rd

    Year built
    1974
    Lot size
    0.28 lot acres
    Property size
    2,100 SF
    Property type
    Specialty properties
    Property subtype
    Car washes

    Description

    This exceptional investment opportunity presents a well-established car wash located at 4044 Daisy Rd, Cleveland, Ohio, in the Parma area. The property boasts a total of 2,100 square feet across two single-story buildings, constructed in 1974, situated on a 0.28-acre lot. The car wash operates under a single tenancy and is classified as a Class C property. The property's zoning is designated as GR. The asking price for this turnkey operation is $649,000. This established business benefits from its convenient location within the vibrant Parma community, offering significant potential for continued growth and profitability. The property's two buildings provide ample space for all car wash operations. The property's parcel numbers are 01512022 and 01512128. This is a rare opportunity to acquire a profitable, established business in a desirable location. The property's history and strong performance make it an attractive investment for those seeking a stable and income-generating asset. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is located in Cuyahoga County, Ohio, with a zip code of 44134. The precise coordinates are latitude 41.3916411 and longitude -81.7021049.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7021
    Latitude
    41.3916

    Comparable in this City

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    • Value Estimation by Request
      2,805 SF

      1430 Pleasant Vly Rd

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    • Value Estimation
      $575,000
      3,600 SF

      5720 Broadview Rd

      CAR WASH • 3,600 SF
      5720 Broadview Rd, Parma, OH 44134-1602
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    • Value Estimation by Request
      0.14 Acres

      93rd E Dr

      CAR WASH - AUTOMATED • 0.14 Acres
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    • Value Estimation by Request
      2,775 SF

      5226 State Rd

      CAR WASH - AUTOMATED • 2,775 SF
      5226 State Rd, Parma, OH 44134
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    • Value Estimation by Request
      1,512 SF

      2250 Snow Rd

      CAR WASH • 1,512 SF
      2250 Snow Rd, Parma, OH 44134-2731
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      Versatile Land with Development Potential

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      Turnkey Bubble Tea Cafe

      High-visibility bubble tea cafe in Parma, Ohio for sale.
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      0.16 Acres

      Land For Sale, Parma

      Land available in Parma, Ohio.
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    Similar Nearby for Lease

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      3,326 SF

      Former Restaurant Space Available

      3,326 SF former restaurant for lease or ground lease.
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      2,400 SF

      Retail Space in High-Traffic Area

      Neighborhood shopping center with high visibility and traffic counts.
      7450-7490 Broadview Rd, Cleveland, OH 44134
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      Retail Space on Broadview Road

      Retail spaces available in Parma, Ohio near major retailers.
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      Retail and Office Space Available

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      1795 Snow Rd, Parma, OH 44134
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    • $1,800 /Mo
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      Parma Commercial Space For Rent

      1,800 SF rear unit in prime location.
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    • Contact for pricing
      41,694 SF

      7450-7490 Broadview Rd

      Lifestyle centers • 41,694 SF
      7450-7490 Broadview Rd, Parma, OH 44134
      View Details
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    4044 Daisy Rd
    Parma, OH 44134
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    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
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