Property profile

5382 Rdg Rd Parma, OH 44129

OFF-MARKET
Office buildings
Property ID
US66-5874008
1,056 SF 0.14 ac lot Built 1930
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1930
Construction WOOD
Total area 1,056 SF
Lot 0.14 ac (6,100 SF)
Zoning code RB
APN 442-16-023
UPID US66-5874008

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
  • Medical Clinic Alternative Medicine Practice

Location

5382 Rdg Rd Parma, OH 44129-1456
Parma metro Census 177103 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$180k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2022
Last sale
$100,000
3 recorded transactions
2022
$100,000
2019
Price N/A
2012
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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