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    Property profile & analytics

    5566 State Rd, Unit 5590 Parma, OH 44134-2254

    • Strip malls
    • 14,876 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimation
    $1,355,000
    Last Sale
    Feb 12, 2024
    $1,325,000
    Location Intelligence
    Property ID
    US66-1914548
    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

    • Quick Stop Beverage / Atm / Beer Store
    • American Crypto Bitcoin ATM / Atm
    • SAM Check Cashing Machine / Check Cashing Service

    Property Details for 5566 State Rd

    Year built
    1992
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.12 lot acres
    Property size
    14,876 SF
    Zone code
    RB
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    444-19-130
    APU
    44419130

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,260,000
      6.5%
      $1,255,000
      7%
      $1,315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,480,000
      Geo Method
      $1,260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,380,000
      Retail
      $1,270,000
      Mixed-Use
      $1,565,000
      Hospitality
      $1,710,000
      Educational
      $1,315,000
      Residential Income
      $1,330,000
      Energy
      $1,540,000
      Income-Based Land
      $1,600,000
      Food Service
      $1,625,000

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7109
    Latitude
    41.4099
    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
    $27,299
    $68,530
    $254,660
    $323,190
    -
    $195,800
    $727,600
    $923,400

    Comparable in this City

    • Value Estimation
      $315,000
      10,600 SF

      1120 Pleasant Vly Rd

      SHOPPING CENTER, STRIP CENTER • 10,600 SF
      1120 Pleasant Vly Rd, Parma, OH 44134-6711
      View Details
    • Value Estimation
      $310,000
      8,000 SF

      7560 Broadview Rd, Unit 90

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      7560 Broadview Rd, Parma, OH 44134-6701
      View Details
    • Value Estimation by Request
      0.17 Acres

      64th E Dr

      SHOPPING CENTER, STRIP CENTER • 0.17 Acres
      64th E Dr, Cleveland, OH 44134
      View Details
    • Value Estimation by Request
      0.17 Acres

      64th E Dr

      SHOPPING CENTER, STRIP CENTER • 0.17 Acres
      64th E Dr, Cleveland, OH 44134
      View Details
    • Value Estimation
      $395,000
      0.17 Acres

      Grantwood Dr

      SHOPPING CENTER, STRIP CENTER • 0.17 Acres
      Grantwood Dr, Parma, OH 44134
      View Details
    • Value Estimation
      $380,000
      8,785 SF

      6162 Broadview Rd, Unit 70

      SHOPPING CENTER, STRIP CENTER • 8,785 SF
      6162 Broadview Rd, Parma, OH 44134-3167
      View Details

    Similar Nearby for Sale

    • $1,150,000
      Pending

      Cleveland Retail Plaza Value-Add Opportunity

      8,000 SF retail plaza with value-add potential in Cleveland.
      7560 Broadview Rd, Cleveland, OH 44134
      View Details
    • $795,000
      2.16 Acres

      Prime Parma Development Site

      2.16 AC, High-Traffic Intersection
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    • $399,900
      0.11 Acres

      Two-Story Commercial Investment Property

      Fully occupied, two-story commercial property with high traffic visibility.
      2221 Brookpark Rd, Cleveland, OH 44134
      View Details
    • New
      $215,000
      0.11 Acres

      Mixed-Use Property in Parma, OH

      Mixed-use property with commercial and residential income potential.
      5432 State Rd, Cleveland, OH 44134
      View Details
    • $385,000
      Pending

      Renovated Parma Triplex Investment Opportunity

      Fully renovated Parma triplex with modern amenities and convenient location.
      5521 W 48Th St, Parma, OH 44134
      View Details
    • $650,000
      20.13 Acres

      Versatile Land with Development Potential

      20.13 acre property with existing home and development possibilities.
      7791 Hoertz Rd, Parma, OH 44134
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Area

      Neighborhood shopping center with high visibility and traffic counts.
      7450-7490 Broadview Rd, Cleveland, OH 44134
      View Details
    • Contact for pricing
      41,694 SF

      7450-7490 Broadview Rd

      Lifestyle centers • 41,694 SF
      7450-7490 Broadview Rd, Parma, OH 44134
      View Details
    • Contact for pricing
      101,450 SF

      Snow View Plaza Retail Space

      Prime Parma Retail Strip Center
      1795 Snow Rd, Parma, OH 44134
      View Details
    • Contact for pricing
      41,694 SF

      American Freight Plaza Retail Space

      Parma, OH retail center with 4 spaces available.
      7450-7490 Broadview Rd, Parma, OH 44134
      View Details
    • Contact for pricing
      237,701 SF

      Pleasant Valley Retail Center

      Seven Hills, OH - Prime Retail Space
      7542 Broadview Rd, Seven Hills, OH 44134
      View Details
    • $2,500 /Mo
      Pending

      Retail Space in High-Traffic Location

      Prime retail space with basement in Parma, high traffic area.
      2221 Brookpark Rd, Cleveland, OH 44134
      View Details
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    5566 State Rd, Unit 5590
    Parma, OH 44134-2254
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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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