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Property profile & analytics
OFF-MARKET Estimated value $745,000
Parking lots & garages

5594 Pearl Rd Parma, OH 44129-2542

1,394 SF 0.18 ac lot Built 1920
Entity Owned 18-yr Hold Free & Clear
Property ID
US66-6120368
Property summary
AI-generated overview

This exceptional 0.347-acre commercial land parcel in Parma, Ohio, presents a unique development opportunity. Located on Pearl Road between Ridge and Snow Roads, this shovel-ready site boasts approximately 100 feet of frontage and 175 feet of depth, ensuring excellent visibility and exposure for your business. The property's Local Retail zoning makes it ideal for a variety of retail uses. All utilities are conveniently located on the site, simplifying development and reducing costs. The high vehicle counts on Pearl Road, combined with the proximity to numerous existing retailers and restaurants, create a strong foundation for success. This attractive property consists of two parcels, APN 44232055 and 44232056, and is offered at an asking price of $119,500. Its prime location and readily available infrastructure make this an exceptional investment for discerning developers seeking a high-impact retail presence in a thriving community. Don't miss this chance to acquire a highly visible and easily developed commercial lot in a desirable area with significant potential for growth and return. The property's convenient location and zoning make it a perfect fit for a wide range of commercial ventures.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1920
Total area 1,394 SF
Lot 0.18 ac (7,862 SF)
Zoning code RB
APN 442-32-056
UPID US66-6120368
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
$751k
Blend (final) Blend
$745k
Owner & transaction history
Ohio Fine Design LLC · 18 yrs held
Ohio Fine Design LLC
since 2007
2 recorded transactions
2007
$75,000
2000
Price N/A
Zoning & alternative use
RB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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