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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Retail space
12965 Corporate Dr Parma, OH 44130-9305
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1359468
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
13,048 SF
Lot
2 ac (87,120 SF)
Zoning code
IP
APN
441-13-001
UPID
US66-1359468
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
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.16M
Owner & transaction history
Store Master Funding III LLC · 8 yrs held
Store Master Funding III LLC
since 2018
Last sale
$17,500
2 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
Top alternative use upside
Medical building
$1.4M
+75.4%
Neighborhood: shopping center
$1.3M
+63.6%
Auto repair, garage
$1.2M
+43.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$810,000
Current use
MEDICAL BUILDING
$1,420,000
Change: +75% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,320,000
Change: +64% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,160,000
Change: +44% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,080,000
Change: +34% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$965,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $18k (Jun 12 2020)
Last sale anchor
$18k
Jun 12 2020
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
$89 / 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
$45,830
Tax year 2023
Assessed value
$548,940
Assessed 2023
Previous assessed
$548,940
+0.0% YoY
Effective rate
8.35%
On assessed value
Assessed land
$70,000
Assessed improvement
$478,940
Land market value
$200,000
Improvement market value
$1,368,400
Total market value
$1,568,400
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
2001
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
13,048 SF
Lot
2 ac (87,120 SF)
Zoning code
IP
APN
441-13-001
UPID
US66-1359468
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$810,000
MEDICAL BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$965,000
RETAIL STORES Current
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
2001
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Store Master Funding III LLC
Entity
Mailing address
1650 TYSONS BLVD STE #600, MC LEAN, VA 22102-4878
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2018
$3,240,122
Store Master Funding III LLC
Creative Playrooms R/e LLC
Trustees Deed
related
$3,280,000 · Citibank
—
—
Creative Playrooms R/e LLC
—
Deed Of Trust
related
$150,000 · Merrill Lynch Com'l Finance
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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