Property profile

5251 Commerce W Pkwy Parma, OH 44130

OFF-MARKET
Warehouses
Property ID
US66-2336169
50,600 SF 4.31 ac lot Built 1986
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1986
Construction TYPE NOT SPECIFIED
Total area 50,600 SF
Lot 4.31 ac (187,612 SF)
Zoning code CB
APN 442-37-008
UPID US66-2336169

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Garden Center
  • Construction Company General Contractor

Location

5251 Commerce W Pkwy Parma, OH 44130-1272
Parma metro Census 177101 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$855k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

CB · Parma, OH
Zoning description

Provide sufficient areas for carrying on research, providing commercial services, manufacturing and distributing goods to serve the community, to promote employment and to strengthen the economy of the community

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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