New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Strip malls
5566 State Rd 5590, Parma, OH 44134-2254
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1914548
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
TYPE NOT SPECIFIED
Total area
14,876 SF
Lot
1.12 ac (48,961 SF)
Zoning code
RB
APN
444-19-130
UPID
US66-1914548
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
$1.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.33M
Owner & transaction history
Dalip LLC · 2 yrs held
Dalip LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
RB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+7.3%
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
$1,325,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,505,000
Current use
MEDICAL BUILDING
$1,615,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,325,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,235,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10% · vs last sale $1.33M (Feb 12 2024)
Last sale anchor
$1.33M
Feb 12 2024
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
$89 / 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
$27,299
Tax year 2023
Assessed value
$323,190
Assessed 2023
Previous assessed
$323,190
+0.0% YoY
Effective rate
8.45%
On assessed value
Assessed land
$68,530
Assessed improvement
$254,660
Land market value
$195,800
Improvement market value
$727,600
Total market value
$923,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
14,876 SF
Lot
1.12 ac (48,961 SF)
Zoning code
RB
APN
444-19-130
UPID
US66-1914548
Jurisdiction
CUYAHOGA
Zoning & alternative use
RB · Parma, OH
Zoning RB · permitted uses
RB · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1992
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Dalip LLC
Entity
Mailing address
553 NOBOTTOM RD, BEREA, OH 44017-1072
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2024
$1,325,000
Dalip LLC
Pare LLC
Limited Warranty Deed
$861,250 · First National Bank Of Pennsylvania
Apr 10, 2020
—
Pare LLC
—
Deed
related
$1,680,000 · First Fed'l Bk/the Midwest
Sep 10, 2019
—
Pare LLC
—
Deed
related
$372,000 · Home Svgs Bk
May 7, 2019
—
Pare LLC
—
Deed
related
$465,000 · Home Svgs Bk
Mar 28, 2019
—
Omar Qureshi
—
Deed
related
$467,271 · Northwest Bk
Jul 15, 2013
$867,500
Pare LLC
Carnegie Properties INC
Grant Deed
$650,000 · Lorain Nat'l Bk
Dec 30, 2011
—
Carnegie Properties INC
—
Deed Of Trust
related
$10,000,000 · Key Bank NA
—
—
Omar Qureshi
—
Loan Modification, Consolidation And Extension
related
$467,271 · Northwest Bk
—
—
Pare LLC
—
Deed Of Trust
related
$465,000 · Home Svgs Bk
—
—
Pare LLC
—
Deed Of Trust
related
$372,000 · Home Svgs Bk
—
—
Pare LLC
—
Deed Of Trust
related
$1,680,000 · First Fed'l Bk/the Midwest
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5566 State Rd, Unit 5590?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
