5772 Rdg Rd, Unit 5796 Parma, OH 44129-3164
Property profile & analytics
5772 Rdg Rd, Unit 5796 Parma, OH 44129-3164
- Warehouses
- 12,080 SF
- 0.62 lot acres
Property ID
US66-1137168
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 5772 Rdg Rd
- Year built
- 1930
- Construction
- WOOD
- Lot size
- 0.62 lot acres
- Property size
- 12,080 SF
- Zone code
- RB
- Property type
- Warehouses
- APN
- 443-05-001
- APU
- 44305001
Description
This exceptional turnkey tanning salon, established in 1999, is ideally situated at the corner of Ridge and Snow Roads in Parma, Ohio, boasting high foot traffic and excellent street visibility. The business enjoys a stellar reputation and an extremely loyal customer base, contributing to consistent revenue growth and a strong client count since its inception. This owner-operated business is remarkably easy to manage, making it an attractive opportunity for a family or individual seeking a profitable venture. The sale includes 21 state-of-the-art tanning units, offering five levels of tanning options, plus a Mystic HD spray booth, providing a comprehensive range of services. The salon itself is impeccably maintained, clean, and aesthetically pleasing. This is a truly remarkable opportunity to acquire a well-established business at a fraction of its original start-up cost, situated on a 0.62-acre lot. The property is priced at $169,900 and presents a rare chance to own a profitable and established business with significant growth potential. The location in the heart of Parma ensures continued high visibility and accessibility for clients. This is a turnkey operation ready for immediate ownership and continued success. The business's history of success and loyal clientele provide a solid foundation for future growth and profitability.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,005,000
- 6.5%
- $925,000
- 7%
- $860,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $966,000
- AI Estimate
- $961,000
Market price range: $300k - $1.04MMarket price range: $348k - $1.04M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $620,000 Current use
- MEDICAL BUILDING
- $1,315,000 Change: +112% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,225,000 Change: +98% Conversion: Moderate
- OFFICE BUILDING
- $1,090,000 Change: +76% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,075,000 Change: +74% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,000,000 Change: +62% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $895,000 Change: +44% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Parma
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.735
- Latitude
- 41.4052
- 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
$26,563
$37,770
$280,390
$318,160
-
$107,900
$801,100
$909,000
