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    Property profile & analytics

    5720 Rdg Rd Parma, OH 44129-2959

    • Turn key restaurants
    • 960 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $75,000
    Last Sale
    Nov 07, 2023
    $90,000
    Location Intelligence
    Property ID
    US66-6284801
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pica Pollo Dos / Caribbean Restaurant

    Property Details for 5720 Rdg Rd

    Year built
    1972
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    960 SF
    Zone code
    RB
    Property type
    Turn key restaurants
    APN
    443-03-024
    APU
    44303024

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parma
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7349
    Latitude
    41.4068
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,058
    $9,170
    $26,500
    $35,670
    -
    $26,200
    $75,700
    $101,900

    Comparable in this City

    • Value Estimation
      $315,000
      4,894 SF

      5735 Pearl Rd

      RESTAURANT • 4,894 SF
      5735 Pearl Rd, Parma, OH 44129-2849
      View Details
    • Value Estimation
      $140,000
      1,718 SF

      5222 Rdg Rd

      RESTAURANT • 1,718 SF
      5222 Rdg Rd, Parma, OH 44129-1419
      View Details
    • Value Estimation
      $220,000
      2,143 SF

      5344 Pearl Rd

      RESTAURANT • 2,143 SF
      5344 Pearl Rd, Parma, OH 44129-1548
      View Details
    • Value Estimation
      $630,000
      4,837 SF

      6850 Brookpark Rd

      RESTAURANT • 4,837 SF
      6850 Brookpark Rd, Cleveland, OH 44129-1227
      View Details
    • Value Estimation
      $400,000
      5,771 SF

      8111 Day Dr

      RESTAURANT • 5,771 SF
      8111 Day Dr, Parma, OH 44129-5608
      View Details
    • Value Estimation
      $725,000
      2,652 SF

      6895 Rdg Rd

      RESTAURANT • 2,652 SF
      6895 Rdg Rd, Parma, OH 44129-5626
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.26 Acres

      Parma Retail Redevelopment Site

      High-traffic 1.26-acre vacant lot, prime location.
      5466 Pearl Rd, Parma, OH 44129
      View Details
    • $650,000
      0.21 Acres

      Retail Property in Parma, Ohio

      Retail property available for sale in Parma, Ohio.
      5421 Pearl Rd, Cleveland, OH 44129
      View Details
    • Contact for pricing
      6.20 Acres

      Parma Development Land - 6.2 Acres

      Prime Parma location, high-traffic retail area.
      8608 Day Dr, Parma, OH 44129
      View Details
    • Contact for pricing
      2,707 SF

      Prime Parma Shopping Center

      Vacant Retail, High Traffic Area
      5522 Pearl Rd, Parma, OH 44129
      View Details
    • $3,300,000
      41,354 SF

      Air-Conditioned Warehouse/Retail Space Available

      Vacant, air-conditioned warehouse/retail space with ample parking.
      8303 Day Dr, Parma, OH 44129
      View Details
    • $274,900

      Parma Mixed-Use Investment Opportunity

      Two Adjacent Commercial Buildings, High Potential
      5649 Ridge Rd, Parma, OH 44129
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,387 SF

      Restaurant Space For Lease

      Restaurant space available in Parma, Ohio.
      8111 Day Dr, Parma, OH 44129
      View Details
    • $18 SF/Yr
      756,000 SF

      Parma Power Center Retail Space

      High-traffic retail spaces available. Prime NE Ohio location.
      7671 Ridgewood Dr, Parma, OH 44129
      View Details
    • Contact for pricing
      13,500 SF

      Restaurant Space Near Shoppes at Parma

      Second-generation restaurant space with a full liquor license available.
      8555 Day Dr, Parma, OH 44129
      View Details
    • Contact for pricing
      101,000 SF

      Brook Ridge Plaza Pad Site

      Prime Retail Pad, I-480 & Ridge Rd
      7400 Brookpark Rd, Cleveland, OH 44129
      View Details
    • Contact for pricing
      39,400 SF

      Ridge Road Retail Plaza Opportunity

      Parma, Ohio retail spaces available
      6805 Rdg Rd, Parma, OH 44129
      View Details
    • Contact for pricing
      2,250 SF

      Parma Retail Space: Brookpark Rd

      High-traffic retail storefront, 2,250 sq ft.
      7617 Brookpark Rd, Parma, OH 44129
      View Details
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    Parma, OH 44129-2959
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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