Property profile

5621 Broadview Rd Parma, OH 44134

OFF-MARKET
Office buildings
Property ID
US66-0758951
2,693 SF 0.46 ac lot Built 1948
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1948
Construction WOOD
Total area 2,693 SF
Lot 0.46 ac (20,238 SF)
Zoning code RB
APN 445-12-005
UPID US66-0758951

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
  • Insurance Agency
  • Vocational School Training Center
  • Tax Preparation

Location

5621 Broadview Rd Parma, OH 44134-1682
Parma metro Census 177304 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2016
$250
2012
$190,000

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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