Property profile

5753 Rdg Rd Parma, OH 44129

OFF-MARKET
Other warehouses
Property ID
US66-0991965
6,500 SF 0.17 ac lot Built 1948
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a nine-unit mixed-use building that includes a city-approved public art installation and an advertising billboard. It is configured as a multi-unit structure suitable for mixed residential and/or commercial uses consistent with local zoning allowances for mixed-use development.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1948
Construction WOOD
Total area 6,500 SF
Lot 0.17 ac (7,301 SF)
Zoning code RB
APN 443-06-007
UPID US66-0991965

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5753 Rdg Rd Parma, OH 44129-2941
Parma metro Census 177201 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2016
4 recorded transactions
2016
$300,000
2015
Price N/A
2013
Price N/A
2005
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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