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Property profile & analytics
OFF-MARKET Estimated value $575,000
Office Spaces

1013 Rockside Rd H Parma, OH 44134-2700

3,795 SF 0.35 ac lot Built 2008
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-1148994
Property summary
AI-generated overview

This exceptional investment opportunity presents two single-story office buildings totaling 33,412 square feet, situated on a 0.31-acre lot at 1013 Rockside Rd, Parma, OH 44134. Built in 2008, this property boasts a highly visible location with signage on Rockside Road, offering excellent exposure for your business. The property features on-site property management and local ownership, ensuring efficient operations and responsive service. The convenient location provides easy access to major transportation arteries, being only two miles from the intersection of I-77 and I-480. Currently zoned commercial (APN 44516011, Cuyahoga County), this property is classified as a traditional office space and also suitable for executive office use. The property is part of the Cleveland South submarket, specifically within the Parma, Independence, Seven Hills, Broadview Heights cluster. With only three units remaining, this is a rare opportunity to secure space in a highly sought-after location at an aggressive rental rate for the Rockside Corridor. This multi-tenant building offers a variety of suite sizes to accommodate various business needs.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2008
Construction TYPE NOT SPECIFIED
Total area 3,795 SF
Lot 0.35 ac (15,279 SF)
APN 445-17-316
UPID US66-1148994
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$765k
Comparable Approach Comparable
$772k
Blend (final) Blend
$575k
Owner & transaction history
Majestic Group LLC · 6 yrs held
Majestic Group LLC
since 2019
3 recorded transactions
2019
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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