Property profile

5611 Pearl Rd Parma, OH 44129

OFF-MARKET
Office buildings
Property ID
US66-1991475
1,362 SF 0.28 ac lot Built 1928
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1928
Construction WOOD
Total area 1,362 SF
Lot 0.28 ac (12,165 SF)
Zoning code RB
APN 443-02-006
UPID US66-1991475

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5611 Pearl Rd Parma, OH 44129-2529
Parma metro Census 177104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2024
Last sale
$130,000
2 recorded transactions
2024
$130,000
1969
Price N/A

Zoning & alternative use

RB · Parma, OH
Zoning description

Protect adjacent residential properties by restricting the type of business uses, particularly at the common boundaries, which would create hazards, noise, odors or other objectionable influences

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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