Property profile

12487 Plz Dr Parma, OH 44130

OFF-MARKET
Office buildings
Property ID
US66-1103457
9,335 SF 2 ac lot Built 1979
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 9,335 SF
Lot 2 ac (87,120 SF)
Zoning code RM
APN 441-27-003
UPID US66-1103457

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Logistics Company Freight Service
  • Freight Service Logistics Company

Location

12487 Plz Dr Parma, OH 44130-1056
Parma metro Census 177101 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.51M
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$820k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2021
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

RM · Parma, OH
Zoning description

To provide a Research Manufacturing District that allows for commercial service, research and light industrial development

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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