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    Property profile & analytics

    5520 Broadview Rd Parma, OH 44134-1606

    • Assisted living facilities
    • 20,100 SF
    • 1.75 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Last Sale
    Jul 18, 2022
    $262,500
    Location Intelligence
    Property ID
    US66-1310257
    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.

    Current Use by Public Records

    • Linda M. Surace, Ota / Occupational Therapist
    • Broadview Nursing Home Inc / Nursing Home
    • The Therapy Link / Physical Therapy Clinic
    • Mydhili Yenigalla, PT / Physical Therapy Clinic / Physical Therapist
    • Broadview Multi-Care Center / Nursing Home / Rehabilitation Center

    Property Details for 5520 Broadview Rd

    Year built
    1966
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.75 lot acres
    Property size
    20,100 SF
    Zone code
    MF-1
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    445-23-009
    APU
    44523009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $205,000
      6.5%
      $235,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $220,000
      Mixed-Use
      $180,000
      Hospitality
      $190,000
      Educational
      $225,000
      Residential Income
      $185,000
      Energy
      $195,000
      Income-Based Land
      $195,000
      Food Service
      $210,000

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6938
    Latitude
    41.4117
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $254,936
    $152,500
    $2,946,410
    $3,098,910
    -
    $435,700
    $8,418,300
    $8,854,000

    Comparable in this City

    • Value Estimation
      $240,000
      0.62 Acres

      24th St

      HOMES (RETIRED, NURSING) • 0.62 Acres
      24th St, Parma, OH 44134
      View Details
    • Value Estimation by Request
      0.38 Acres

      82nd E Dr

      HOMES (RETIRED, NURSING) • 0.38 Acres
      82nd E Dr, Cleveland, OH 44134
      View Details
    • Value Estimation
      $220,000
      3.30 Acres

      24th W Dr

      HOMES (RETIRED, NURSING) • 3.30 Acres
      24th W Dr, Parma, OH 44134
      View Details
    • Value Estimation
      $230,000
      1.64 Acres

      5520 Broadview Rd

      HOMES (RETIRED, NURSING) • 1.64 Acres
      5520 Broadview Rd, Parma, OH 44134-1606
      View Details
    • Value Estimation by Request
      126,953 SF

      6765 State Rd

      HOMES (RETIRED, NURSING) • 126,953 SF
      6765 State Rd, Parma, OH 44134-4581
      View Details
    • Value Estimation by Request
      34,991 SF

      6765 State Rd

      HOMES (RETIRED, NURSING) • 34,991 SF
      6765 State Rd, Parma, OH 44134-4581
      View Details

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      Mixed-use property with commercial and residential income potential.
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    Similar Nearby for Lease

    • Contact for pricing
      41,694 SF

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      View Details
    • Contact for pricing
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      Brookpark Road Retail/Automotive Space

      High-traffic Parma commercial space suitable for retail or automotive use.
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    • Contact for pricing
      24,000 SF

      Tri City Center Retail Spaces

      Prime Retail Space, Multiple Units Available
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    • Contact for pricing
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      Snow View Plaza Retail Space

      Prime Parma Retail Strip Center
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      View Details
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    Parma, OH 44134-1606
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    Realmo Value Estimation

    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.

    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.

    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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