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Property profile & analytics
OFF-MARKET
Estimated value
$485,000
Medical Office Space
5500 Rdg Rd Parma, OH 44129-2394
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-1571317
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1953
Construction
CONCRETE
Total area
29,840 SF
Lot
1.2 ac (52,250 SF)
Zoning code
RB
APN
443-01-002
UPID
US66-1571317
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
$1.95M
Blend (final)
Blend
$485k
Owner & transaction history
Saleh LLC · 13 yrs held
Saleh LLC
since 2013
7 recorded transactions
Zoning & alternative use
RB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
Retail Business
General category
COMMERCIAL
Zone area
506.77 ac
Source
Realmo
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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,240,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,025,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$2,695,000
Change: -17% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,655,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$485k
Range $437k – $534k · ±10%
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
$16 / 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
$47,466
Tax year 2023
Assessed value
$570,960
Assessed 2023
Previous assessed
$570,960
+0.0% YoY
Effective rate
8.31%
On assessed value
Assessed land
$96,040
Assessed improvement
$474,920
Land market value
$274,400
Improvement market value
$1,356,900
Total market value
$1,631,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1953
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
29,840 SF
Lot
1.2 ac (52,250 SF)
Zoning code
RB
APN
443-01-002
UPID
US66-1571317
Jurisdiction
CUYAHOGA
Zoning & alternative use
RB · Parma, OHZoning RB · permitted uses
RB · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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
Zone name
Retail Business
General category
COMMERCIAL
Zone area
506.77 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1953
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Saleh LLC
Entity
Free & Clear · 13 yrs held
Mailing address
5500 RDG RD STE #101, PARMA, OH 44129-2367
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2018
—
Saleh LLC
—
Deed
related
$902,537 · Dollar Bk
Apr 4, 2013
—
Saleh LLC
Parma Medical Center Ltd
Warranty Deed
related
—
Mar 14, 2013
—
Parma Medical Center Ltd
Saleh LLC
Warranty Deed
related
—
Feb 4, 2013
$1,600,000
Saleh LLC
Parma Medical Center Ltd
Grant Deed
$1,100,000 · Pnc Bank
Nov 27, 2002
—
Parma Medical Center Ltd
Whitaker,michael
Quit Claim Deed
related
—
Mar 19, 2001
—
Parma Medica Center Ltd
Whitaker,michael
Quit Claim Deed
related
—
Dec 22, 1997
$1,100,000
Michael Whitaker
Colonna,vito & Debra
Grant Deed
$660,000 · Security Federal S&l Cleveland
—
—
Michael Whitaker
—
Deed Of Trust
related
$60,000 · Firstar Bank
—
—
Saleh LLC
—
Deed Of Trust
related
$902,537 · Dollar Bk
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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