Property profile

5370 Pearl Rd Parma, OH 44129

OFF-MARKET
Office buildings
Property ID
US66-2244961
5,116 SF 0.22 ac lot Built 1960
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction WOOD
Total area 5,116 SF
Lot 0.22 ac (9,739 SF)
Zoning code RB
APN 443-20-071
UPID US66-2244961

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
  • Physician
  • Medical Clinic

Location

5370 Pearl Rd Parma, OH 44129-1552
Parma metro Census 177104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2021
Last sale
$230,000
3 recorded transactions
2021
$230,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RB · Parma, OH
Zoning description

Protect adjacent residential properties by restricting the type of business uses, particularly at the common boundaries, which would create hazards, noise, odors or other objectionable influences

General category COMMERCIAL

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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