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Financial
Distress signals
Property profile

5245 Rdg Rd Parma, OH 44129

OFF-MARKET
Retail space
Property ID
US66-2699287
4,468 SF 0.14 ac lot Built 1965
Last sale Mar 2006 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional single-tenant retail property, located at 5245 Ridge Road in Parma, Ohio, presents a compelling investment opportunity. The 4,593 square foot building sits on a 0.289-acre lot and is classified as a Class B property. Constructed in 1965, this one-story structure is zoned RB and features an open showroom layout, ideal for a variety of retail concepts. The property includes a convenient dock door for efficient receiving of products. Its location on the well-traveled Ridge Road…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$69k
Assessed land$11k
Assessed improvement$58k
Effective rate8.60%

Value estimate

· Oct 2026
$175k
$158k – $193k
AI approach$190k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$59/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$40 – $85
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RB
Protect adjacent residential properties by restricting the type of business uses, particularly at the common boundaries, which would crea...
General categoryCOMMERCIAL
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.4
Parking Facility10.7
Tailor Shop10.6

Location

5245 Rdg Rd Parma, OH 44129-1418
County assessor Recorded deeds · 2 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5558 Pearl, Parma, OH 44129-2541 $550,000 Apr 2025 4,500 SF
5629 Pearl, Parma, OH 44129-2546 $430,000 Oct 2024 5,310 SF
5655 Pearl, Parma, OH 44129-2546 $300,000 May 2024 3,940 SF
5545 Rdg, Parma, OH 44129-2371 $50,000 Feb 2023 3,859 SF
5236 Rdg, Parma, OH 44129-1453 $240,000 Aug 2021 3,750 SF
5252 Rdg, Parma, OH 44129-1453 $180,000 Aug 2021 3,750 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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