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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Retail space
10200 Sprague Rd, Parma, OH 44130-7591
Entity Owned
~
Est. High Equity
Property ID
US66-6243884
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
6,776 SF
Lot
1.3 ac (56,445 SF)
Zoning code
RB
APN
456-26-031
UPID
US66-6243884
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
$435k
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$695k
Owner & transaction history
Blackburn Ink Company LLC
Blackburn Ink Company LLC
since 2025
Last sale
$865,000
3 recorded transactions
Zoning & alternative use
RB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+172.3%
Medical building
$735,000
+75.4%
Neighborhood: shopping center
$685,000
+63.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Parma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parma submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$535,000
ML approach
$435,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$900,000
Alternative Use
Use
Estimation
RETAIL STORES
$420,000
Current use
RESTAURANT
$1,145,000
Change: +172% · Conversion: Easy
MEDICAL BUILDING
$735,000
Change: +75% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: +64% · Conversion: Moderate
AUTO REPAIR, GARAGE
$605,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$560,000
Change: +34% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$500,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $865k (Feb 17 2021)
Last sale anchor
$865k
Feb 17 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,986
Tax year 2023
Assessed value
$302,760
Assessed 2023
Previous assessed
$302,760
+0.0% YoY
Effective rate
8.25%
On assessed value
Assessed land
$138,290
Assessed improvement
$164,470
Land market value
$395,100
Improvement market value
$469,900
Total market value
$865,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
6,776 SF
Lot
1.3 ac (56,445 SF)
Zoning code
RB
APN
456-26-031
UPID
US66-6243884
Jurisdiction
CUYAHOGA
Zoning & alternative use
RB · Parma, OH
Zoning RB · permitted uses
RB · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$420,000
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$500,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Blackburn Ink Company LLC
Entity
Mailing address
5000 LEGACY DR STE #475, PLANO, TX 75024-3125
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
$1,000,000
Blackburn Ink Company LLC
Parma Aap LLC
Deed
$740,000 · Benchmark Bank
Feb 17, 2021
$865,000
Parma Aap LLC
Banbury Cross III LLC
Limited Warranty Deed
$605,500 · Home Federal Sla
Nov 3, 2006
$400,000
Fifth Third Bank
Hilliard LLC
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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