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    5455 Broadview Rd Parma, OH 44134
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    Property profile & analytics

    5455 Broadview Rd, Parma, OH 44134

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    • Office buildings
    Off-Market
    Property ID
    US66-5656340
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 5455 Broadview Rd

    Property type
    Office buildings
    Property subtype
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 1, 2023 $550,000 Allegheny Management Group LLC Advanced Paving Ltd Deed $549k · The Huntington National Bank

    Description

    Well maintained two story all brick building. Excellent Owner/User or investment opportunity. The current owner occupies Suite 102 and will sign a long term lease or vacate the property if needed. Creative financing options on a sale will be considered by current ownership. The building features 5 suites and an attached Annex. All suites feature a bathroom and updated finishes. Sub-metered gas/electric.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7045
    Latitude
    41.3848

    Comparable in this City

    • Contact for pricing
      6,760 SF

      Two-Story Office Building For Rent

      Two-story office building with income and upside potential for investors.
      5455 Broadview Rd, Parma, OH 44134
      View Details
    • Contact for pricing
      3,032 SF

      Functional Office Space For Rent

      3,000 SF office space with highway access and parking.
      1511 Brookpark Rd, Parma, OH 44134
      View Details
    • Contact for pricing

      Office Space on Rockside Road

      Office units for rent in Parma, built in 2008.
      1013 Rockside Rd, Parma, OH 44134
      View Details
    • Contact for pricing
      1,500 SF

      Office Space on Rockside Road

      Office space for lease in Parma, built in 2008.
      1285-1385 Rockside Rd, Parma, OH 44134
      View Details
    • Contact for pricing
      825 SF

      Medical Office Building in Parma

      Medical/Administrative office suites in a densely populated area.
      5592 Broadview Rd, Parma, OH 44134
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    • $1,800 /Mo
      66,734 SF

      Parma Commercial Space For Rent

      1,800 SF rear unit in prime location.
      1140 W Pleasant Valley Rd, Parma, OH 44134
      View Details

    Similar Nearby for Sale

    • $439,000
      10,800 SF

      Two-Story Commercial Investment Property

      Two-story commercial property with high visibility and income potential.
      2221 Brookpark Rd, Parma, OH 44134
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    • Contact for pricing

      Land in Growing Cleveland Area

      Land available in a rapidly changing area of Cleveland.
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    • $210,000
      Pending

      Mixed-Use Property in Parma, OH

      Mixed-use property with commercial and residential income potential.
      5432 State Rd, Parma, OH 44134
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    • Contact for pricing

      Signalized Development Land for Lease

      2.16 AC development site for sale, lease, or build-to-suit.
      6338 Broadview Rd, Parma, OH 44134
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    • $75,000
      0.50 Acres

      Turnkey Bubble Tea Cafe

      High-visibility bubble tea cafe in Parma, Ohio for sale.
      7868 Broadview Rd, Parma, OH 44134
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    • Contact for pricing
      10,000 SF

      Freestanding Three-Story Retail Building

      10,000 SF retail building on 1.3 to 3.2 acres.
      7892 Broadview Rd, Parma, OH 44134
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    Similar Nearby for Lease

    • Contact for pricing
      6,760 SF

      Two-Story Office Building For Rent

      Two-story office building with income and upside potential for investors.
      5455 Broadview Rd, Parma, OH 44134
      View Details
    • Contact for pricing
      3,032 SF

      Functional Office Space For Rent

      3,000 SF office space with highway access and parking.
      1511 Brookpark Rd, Parma, OH 44134
      View Details
    • Contact for pricing

      Office Space on Rockside Road

      Office units for rent in Parma, built in 2008.
      1013 Rockside Rd, Parma, OH 44134
      View Details
    • $1,800 /Mo
      66,734 SF

      Parma Commercial Space For Rent

      1,800 SF rear unit in prime location.
      1140 W Pleasant Valley Rd, Parma, OH 44134
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in Parma, Ohio.
      1795 Snow Rd, Parma, OH 44134
      View Details
    • Contact for pricing

      Retail Spaces Near Self Storage

      Retail spaces available in Parma near ProSafe Storage.
      7800 Broadview Rd, Parma, OH 44134
      View Details
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    Parma, OH 44134
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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