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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Community centers
1852 Snow Rd 1942, Parma, OH 44134-2723
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-1227584
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1963
Construction
TYPE NOT SPECIFIED
Total area
16,500 SF
Lot
5.57 ac (242,455 SF)
Zoning code
SC
APN
445-26-004
UPID
US66-1227584
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
$1.53M
Owner & transaction history
Butterfli Holdings 006 LLC · 4 yrs held
Butterfli Holdings 006 LLC
since 2021
5 recorded transactions
Zoning & alternative use
SC · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+7.3%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,670,000
Current use
MEDICAL BUILDING
$1,795,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,470,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,365,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±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
$92 / 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
$51,322
Tax year 2023
Assessed value
$620,240
Assessed 2023
Previous assessed
$620,240
+0.0% YoY
Effective rate
8.27%
On assessed value
Assessed land
$424,310
Assessed improvement
$195,930
Land market value
$1,212,300
Improvement market value
$559,800
Total market value
$1,772,100
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1963
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
4
Total area
16,500 SF
Lot
5.57 ac (242,455 SF)
Zoning code
SC
APN
445-26-004
UPID
US66-1227584
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1963
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
4
Lot
5.57 ac
Current owner
From public records · entity-resolved
Butterfli Holdings 006 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1585 FREDERICK BLVD, AKRON, OH 44320-4000
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
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
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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