Property profile

5421 Pearl Rd Parma, OH 44129

OFF-MARKET
Retail space
Property ID
US66-5945397
6,588 SF 0.21 ac lot Built 1952
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Construction WOOD
Total area 6,588 SF
Lot 0.21 ac (9,298 SF)
Zoning code RB
APN 443-20-075
UPID US66-5945397

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
  • Golf Instructor
  • (Bike/Boat/Book/etc) Store

Location

5421 Pearl Rd Parma, OH 44129-1555
Parma metro Census 177104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$115k

Owner & transaction history

since 2021
Last sale
$185,000
5 recorded transactions
2021
Price N/A
2012
$185,000
2007
$250,000
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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