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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Office buildings
12200 Corporate Dr Parma, OH 44130-9316
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-5623510
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
5,304 SF
Lot
7.99 ac (348,175 SF)
Zoning code
IP
APN
441-24-005
UPID
US66-5623510
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
$850k
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$920k
Owner & transaction history
Deep Discount Properties LLC · 8 yrs held
Deep Discount Properties LLC
since 2018
3 recorded transactions
Zoning & alternative use
IP · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide appropriate and convenient Industrial Park Districts with sufficient areas for carrying on industrially oriented office and research activities, providing commercial services, manufacturing and distributing goods to serve the community, to promote employment and to strengthen the economy of the community
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
150.26 ac
Source
Realmo
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
by Request
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$800,000
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10%
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
$173 / 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
$156,938
Tax year 2023
Assessed value
$1,906,700
Assessed 2023
Previous assessed
$1,906,700
+0.0% YoY
Effective rate
8.23%
On assessed value
Assessed land
$307,720
Assessed improvement
$1,598,980
Land market value
$879,200
Improvement market value
$4,568,500
Total market value
$5,447,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
5,304 SF
Lot
7.99 ac (348,175 SF)
Zoning code
IP
APN
441-24-005
UPID
US66-5623510
Jurisdiction
CUYAHOGA
Zoning & alternative use
IP · Parma, OHZoning IP · permitted uses
IP · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide appropriate and convenient Industrial Park Districts with sufficient areas for carrying on industrially oriented office and research activities, providing commercial services, manufacturing and distributing goods to serve the community, to promote employment and to strengthen the economy of the community
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
150.26 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
7.99 ac
Current owner
From public records · entity-resolved
Deep Discount Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
19000 SNOW RD, BROOKPARK, OH 44142-1412
Ownership since
2018
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
Jul 20, 2018
—
Deep Discount Properties LLC
Mwpcompany
Quit Claim Deed
related
—
May 22, 2008
$7,250,000
Mwp Co
Cleveland Growers Marketing
Grant Deed
—
Apr 4, 2005
$183,950
Geis Katherine Trust
Cleveland Growers Marketing
Warranty Deed
—
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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