Property profile

5682 State Rd Parma, OH 44134

OFF-MARKET
Warehouses
Property ID
US66-1702002
3,016 SF 0.18 ac lot Built 1956
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a freestanding commercial building located at 5682 State Rd, Parma, OH 44134, in Cuyahoga County. The property boasts 3,393 square feet of retail space situated on a 0.18-acre lot. The building features a first floor entirely dedicated to retail use, complete with a bathroom, office, and workshop areas. A full basement provides ample storage space. Adding to the property's versatility, the upper level includes a two-bedroom apartment and an efficiency unit, offering additional income potential. The property also includes a convenient 15-car parking lot located at the rear of the building. The asking price for this property is $300,000. This is a rare find in a high-traffic area, making it an ideal investment for those seeking a strong return on investment. The property's combination of retail space, residential units, and ample parking makes it a truly unique and attractive opportunity. The location in Parma, Ohio offers excellent access to major roadways and a thriving local community. Don't miss this chance to acquire a well-maintained, income-producing property with significant upside potential.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1956
Construction WOOD
Total area 3,016 SF
Lot 0.18 ac (7,984 SF)
Zoning code RB
APN 444-18-025
UPID US66-1702002

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
  • Custom T-Shirt Store Embroidery Shop

Location

5682 State Rd Parma, OH 44134-2265
Parma metro Census 177201 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2024
Last sale
$250,000
4 recorded transactions
2024
$250,000
2024
Price N/A
2015
$141,000
2015
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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