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    FOR SALE
    Warehouses

    5753 Ridge Rd, Parma, OH 44129

    6,500 SF 0.17 ac lot Built 1948
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US66-0991965
    5753 Ridge Rd, Parma, OH 44129 For Sale
    $1,499,900 6,500 SF
    5753 Ridge Rd, Parma, OH 44129
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a rare chance to acquire a nine-unit mixed-use building located at 5753 Ridge Road in Parma, Ohio. Situated on a 0.17-acre lot, this property offers significant income potential and unique features. The building's mixed-use zoning allows for a diverse tenant base, contributing to a robust rental income stream. A key advantage is the inclusion of a city-approved art installation/advertising billboard, providing an additional revenue stream. Detailed financial information, including a rent roll and a comprehensive analysis of the building's investment potential, is available upon request. A video tour showcasing the property's features is also accessible. The mechanical systems of the building are well-maintained and information regarding their specifics is readily available. This property is ideal for both local and out-of-state investors seeking a strong, diversified investment in a thriving community. Please note that this is a tenant-occupied building, and tenant privacy should be respected. Serious inquiries only. The asking price for this remarkable investment property is $1,499,900. Don't miss this chance to own a piece of Parma's vibrant commercial landscape.

    Property profile
    Verified
    Property type 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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    5753 Ridge Rd LLC · 10 yrs held
    5753 Ridge Rd LLC
    since 2016
    4 recorded transactions
    2016
    $300,000
    2015
    2013
    2005
    Zoning & alternative use
    RB · Parma, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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