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Property profile & analytics
OFF-MARKET
Estimated value
$2,470,000
Grocery and convenience stores
1650 Snow Rd 1850 Parma, OH 44134-2719
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-1227346
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2019
Construction
TYPE NOT SPECIFIED
Total area
20,480 SF
Lot
16.56 ac (721,223 SF)
Zoning code
SC
APN
445-26-002
UPID
US66-1227346
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
$3.05M
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$2.47M
Owner & transaction history
Butterfli Holdings 006 LLC · 4 yrs held
Butterfli Holdings 006 LLC
since 2021
6 recorded transactions
Zoning & alternative use
SC · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+163.2%
Office building
$3.3M
+152.4%
Medical building
$2.2M
+69.5%
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%
$3,295,000
6.5%
$3,045,000
7%
$2,825,000
Alternative Use
Use
Estimation
RESTAURANT
$3,455,000
Change: +163% · Conversion: Easy
OFFICE BUILDING
$3,310,000
Change: +152% · Conversion: Easy
MEDICAL BUILDING
$2,225,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,075,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,820,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,695,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,515,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±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
$121 / 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
$271,321
Tax year 2023
Assessed value
$3,321,890
Assessed 2023
Previous assessed
$3,321,890
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$1,446,870
Assessed improvement
$1,875,020
Land market value
$4,133,900
Improvement market value
$5,357,200
Total market value
$9,491,100
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2019
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Total area
20,480 SF
Lot
16.56 ac (721,223 SF)
Zoning code
SC
APN
445-26-002
UPID
US66-1227346
Jurisdiction
CUYAHOGA
Zoning & alternative use
SC · Parma, OH
Zoning SC · permitted uses
SC · 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
RESTAURANT
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RESTAURANT
OFFICE BUILDING
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
2019
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
16.56 ac
Current owner
From public records · entity-resolved
Butterfli Holdings 006 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1750 SNOW RD, CLEVELAND, OH 44134-2721
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
—
Butterfli Holdings 006 LLC
Midtown Parma Acquisition LLC
Warranty Deed
—
Sep 19, 2019
—
City Of Parma Ohio
Midtown Parma Acquisition LLC
Quit Claim Deed
related
$16,475,000 · First Nat'l Bk/pa
Mar 1, 2017
$7,980,000
Midtown Parma Acquisition LLC
Wbcmt 2006-c27 Snow Road LLC
Trustees Deed
$5,985,000 · Mp Fndg
Nov 19, 2014
$9,166,712
Wbcmt 2006-c27 Snow Road LLC
Sheriff Of Cuyahoga County|midtown Plaza Improveme
Trustees Deed
—
Jun 13, 2006
$20,600,000
Midtown Plaza Improvements LLC
West Side Midtown Ltd
Grant Deed
related
$17,700,000 · Wachovia Bank NA
—
—
Midtown Extension Ltd
—
Deed Of Trust
related
$7,000,000 · Manufacturers Life Insurance
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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