Property profile

5618 State Rd Parma, OH 44134

OFF-MARKET
Retail space
Property ID
US66-1865871
1,800 SF 0.27 ac lot Built 2002
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Construction TYPE NOT SPECIFIED
Total area 1,800 SF
Lot 0.27 ac (11,700 SF)
Zoning code RB
APN 444-18-034
UPID US66-1865871

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
  • Grocery & Convenience Store

Location

5618 State Rd Parma, OH 44134-2202
Parma metro Census 177202 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$130k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k

Owner & transaction history

since 2020
Last sale
$167,000
5 recorded transactions
2020
$167,000
2014
Price N/A
2001
$128,900
1969
Price N/A
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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