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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Parking lots & garages
5399 16th St Parma, OH 44134
Individually Owned
2-yr Hold
Free & Clear
Property ID
US66-0617423
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Year built
1916
Total area
740 SF
Lot
0.69 ac (29,880 SF)
Zoning code
SF-B
APN
445-11-062
UPID
US66-0617423
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
$409k
Blend (final)
Blend
$665k
Owner & transaction history
Steven Cruz · 2 yrs held
Steven Cruz
since 2024
Last sale
$40,000
7 recorded transactions
Zoning & alternative use
SF-B · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $40k (May 14 2024)
Last sale anchor
$40k
May 14 2024
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
$899 / 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
$1,229
Tax year 2023
Assessed value
$16,040
Assessed 2023
Previous assessed
$16,040
+0.0% YoY
Effective rate
7.66%
On assessed value
Assessed land
$15,580
Assessed improvement
$460
Land market value
$44,500
Improvement market value
$1,300
Total market value
$45,800
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Year built
1916
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
4
Bathrooms
1
Total area
740 SF
Lot
0.69 ac (29,880 SF)
Zoning code
SF-B
APN
445-11-062
UPID
US66-0617423
Jurisdiction
CUYAHOGA
Zoning & alternative use
SF-B · Parma, OH
Zoning SF-B · permitted uses
SF-B · 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.
Building & site characteristics
From public records
Year built
1916
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Steven Cruz
Individual
Free & Clear · 2 yrs held
Mailing address
5397 W 16TH ST, PARMA, OH 44134-2031
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
$40,000
Steven Cruz
Victoria Nann
Fiduciary Deed
—
Apr 1, 2022
—
Marilyn C Zubal
John T Zubal
Intrafamily Transfer
related
—
Oct 27, 2010
$39,900
John T Zubal
Citifinancial INC
Grant Deed
—
Aug 18, 2010
$26,667
Citifinancial INC
Sheriff Of Cuyahoga County
Trustees Deed
related
—
—
—
William J Myers
—
Deed Of Trust
related
$26,150 · City Loan Financial Svcs INC
—
—
William J Myers JR.
—
Deed Of Trust
related
$73,931 · Citifinancial INC
—
—
William J Meyers JR.
—
Deed Of Trust
related
$64,801 · Citifinancial INC
—
—
William J Myers
—
Deed Of Trust
related
$28,530 · Citifinancial INC
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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