Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings
Property profile & analytics

5543 State Rd Parma, OH 44134-2256

  • Retail space
  • 904 SF
  • 0.15 lot acres
OFF-MARKET
Value Estimations
$175,000
Show details
Cap Rate Potential
4%
Retail space
Location Intelligence
Property ID
US66-6294959
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

  • AC Meat Shop / Butcher Shop

Property Details for 5543 State Rd

Year built
1968
Construction
WOOD
Lot size
0.15 lot acres
Property size
904 SF
Zone code
RB
Property type
Retail space
APN
444-08-004
APU
44408004

Description

This exceptional Parma, OH retail property, situated on a 0.15-acre lot at 5543 State Road, presents a unique investment opportunity. Priced at $239,000, the property boasts a turnkey setup, ideal for immediate occupancy and operation. The building currently functions as a successful business, offering a history of stability and consistent performance. A significant advantage is the attached residential space, perfect for owner occupancy or leasing to employees, providing additional income potential. This versatile space is well-suited for a variety of uses, including its current configuration as a deli and butcher shop. The existing equipment and infrastructure are in place, minimizing start-up costs and allowing for a seamless transition for a new owner. The convenient location offers easy access to major highways, ensuring high visibility and accessibility for customers. The seller is open to owner financing options with a suitable down payment, making this an attractive proposition for qualified buyers. This property represents a rare blend of commercial and residential space, offering both income generation and the potential for significant return on investment. The attached home provides flexibility and convenience, while the established business history minimizes risk. Don't miss this chance to acquire a thriving business and valuable real estate in a prime location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $220,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $145,000
    6.5%
    $135,000
    7%
    $125,000
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $145,000

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


Location Insight

  • Map
  • Local Demand
City
Parma
County
Cuyahoga
State
Ohio
Longitude
-81.71
Latitude
41.4109
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
$2,710
$9,380
$22,230
$31,610
-
$26,800
$63,500
$90,300
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message