Property profile

5728 Pearl Rd Parma, OH 44129

OFF-MARKET
Turn key restaurants
Property ID
US66-0186723
2,870 SF 0.56 ac lot Built 1935
Entity Owned 19-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1935
Construction WOOD
Total area 2,870 SF
Lot 0.56 ac (24,200 SF)
Zoning code RB
APN 442-31-025
UPID US66-0186723

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
  • Restaurant
  • Bar & Pub

Location

5728 Pearl Rd Parma, OH 44129-2850
Parma metro Census 177103 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2006
4 recorded transactions
2006
$300,000
2004
$170,000
1999
$250,000
1969
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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