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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Specialty properties
5677 State Rd Parma, OH 44134-2201
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2254709
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
6,666 SF
Lot
0.55 ac (24,004 SF)
Zoning code
RB
APN
444-20-005
UPID
US66-2254709
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$595k
Owner & transaction history
Kozij Properties LLC · 4 yrs held
Kozij Properties LLC
since 2022
Last sale
$604,000
3 recorded transactions
Zoning & alternative use
RB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$925,000
+125.8%
Apartment house (5+ units)
$805,000
+96.7%
Auto repair, garage
$700,000
+70.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Parma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parma submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$465,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$410,000
Current use
COMMERCIAL (GENERAL)
$925,000
Change: +126% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$805,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$700,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: +70% · Conversion: Difficult
RESTAURANT
$675,000
Change: +65% · Conversion: Difficult
WAREHOUSE, STORAGE
$545,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$515,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $604k (Jan 3 2022)
Last sale anchor
$604k
Jan 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,836
Tax year 2023
Assessed value
$272,060
Assessed 2023
Previous assessed
$272,060
+0.0% YoY
Effective rate
8.39%
On assessed value
Assessed land
$33,600
Assessed improvement
$238,460
Land market value
$96,000
Improvement market value
$681,300
Total market value
$777,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
2
Total area
6,666 SF
Lot
0.55 ac (24,004 SF)
Zoning code
RB
APN
444-20-005
UPID
US66-2254709
Jurisdiction
CUYAHOGA
Zoning & alternative use
RB · Parma, OH
Zoning RB · permitted uses
RB · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$700,000
OFFICE BUILDING
Est. value
$700,000
RESTAURANT
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$545,000
MEDICAL BUILDING
Est. value
$515,000
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Kozij Properties LLC
Entity
Mailing address
5677 STATE RD, PARMA, OH 44134-2201
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
$604,000
Kozij Properties LLC
M E D Properties INC
Warranty Deed
$936,000 · Key Bank NA
—
—
M E D Properties INC
—
Deed Of Trust
related
$230,000 · State Bank & Trust
—
—
M E D Properties INC
—
Deed Of Trust
related
$215,000 · National City Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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