Property profile

5670 State Rd Parma, OH 44134

OFF-MARKET
Office buildings
Property ID
US66-1120761
3,686 SF 0.46 ac lot Built 2007
Individually Owned 19-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Construction TYPE NOT SPECIFIED
Total area 3,686 SF
Lot 0.46 ac (19,960 SF)
Zoning code RB
APN 444-18-026
UPID US66-1120761

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
  • Engineer
  • Factory Production Facility

Location

5670 State Rd Parma, OH 44134-2259
Parma metro Census 177201 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
$740k
Comparable Approach Comparable
$845k
Blend (final) Blend
$635k

Owner & transaction history

since 2006
4 recorded transactions
2007
Price N/A
2006
$175,000
2006
$235,000
1998
$110,000

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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