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Property profile & analytics
OFF-MARKET
Banks
1640 Snow Rd Parma, OH 44134-2719
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-0496731
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1976
Construction
TYPE NOT SPECIFIED
Total area
7,306 SF
Lot
0.69 ac (30,000 SF)
Zoning code
SC
APN
445-27-006
UPID
US66-0496731
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Butterili Holdings 009 LLC · 4 yrs held
Butterili Holdings 009 LLC
since 2021
5 recorded transactions
Zoning & alternative use
SC · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Provide for the development of a wide variety of business and shopping facilities within an integrated and unified arrangement of buildings and facilities in areas of sufficient dimensions to satisfy all off street parking demands and located along major arterial streets where the traffic generated by such developments can be accommodated in a manner that th…
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
65.47 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$30,580
Tax year 2023
Assessed value
$367,500
Assessed 2023
Previous assessed
$367,500
+0.0% YoY
Effective rate
8.32%
On assessed value
Assessed land
$52,500
Assessed improvement
$315,000
Land market value
$150,000
Improvement market value
$900,000
Total market value
$1,050,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,306 SF
Lot
0.69 ac (30,000 SF)
Zoning code
SC
APN
445-27-006
UPID
US66-0496731
Jurisdiction
CUYAHOGA
Zoning & alternative use
SC · Parma, OHZoning SC · permitted uses
SC · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Provide for the development of a wide variety of business and shopping facilities within an integrated and unified arrangement of buildings and facilities in areas of sufficient dimensions to satisfy all off street parking demands and located along major arterial streets where the traffic generated by such developments can be accommodated in a manner that the public health, welfare and safety of the surrounding area will be maintained
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
65.47 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Butterili Holdings 009 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
30100 CHAGRIN BLVD STE #301, CLEVELAND, OH 44124-5705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
—
Butterfli Holdings 009 LLC
—
Deed
related
$2,585,000 · Civista Bank
Dec 23, 2021
—
Butterili Holdings 009 LLC
1640 Snow Investors LLC
Warranty Deed
—
Sep 19, 2019
—
City Of Parma Ohio
1640 Snow Investors LLC
Quit Claim Deed
related
—
Sep 10, 2019
$1,050,000
1640 Snow Investors LLC
First Fedl S & L Assn Of Lakewood
Warranty Deed
—
Dec 27, 2002
$118,000
Mario E Hernandez
Torres,nelson & Sylvia
Grant Deed
$94,400 · Century Bank
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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