Property profile

5611 State Rd Parma, OH 44134

OFF-MARKET
Office buildings
Property ID
US66-1529718
11,601 SF 2.07 ac lot Built 1984
Entity Owned Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction TYPE NOT SPECIFIED
Total area 11,601 SF
Lot 2.07 ac (90,169 SF)
Zoning code RB
APN 444-20-040
UPID US66-1529718

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Electronics & Wireless Store Big Box & Wholesale Store
  • Post Office Logistics Service
  • Landscaping
  • Corporate Office

Location

5611 State Rd Parma, OH 44134-7909
Parma metro Census 177304 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.34M
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$385k

Owner & transaction history

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
Top alternative use upside
Restaurant $2.0M +4.3%

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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