Technical
Financial
Distress signals
Property profile

5775 Chevrolet Blvd Parma, OH 44130

OFF-MARKET
Banks
Property ID
US66-6044776
2,290 SF 0.6 ac lot Built 1972
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Snowville Plaza, located at 5775 Chevrolet Blvd in Parma, Ohio, presents a compelling investment opportunity in a Class B, multi-tenant executive office building. This 64,520 square foot property is currently 100% occupied, offering immediate and consistent cash flow. Situated in Cuyahoga County, with a Parma, Ohio address and zip code 44130, the building's strategic location provides excellent access to major transportation routes and amenities. The property is classified as both retail and office space, specifically catering to executive office needs within a neighborhood setting. While the current tenancy is multiple, the building's strong occupancy rate speaks to its desirability and the robust demand for office space in this area. The building's size and current occupancy make it an attractive asset for investors seeking a stable and profitable investment in the thriving Parma market. Interested parties are encouraged to inquire for further details regarding this exceptional opportunity. The property is currently fully leased, presenting a strong, stable income stream. This is a rare opportunity to acquire a fully occupied, well-located commercial property in a desirable Ohio market. The building's classification as a Class B property reflects its solid construction and functional design, making it an ideal choice for businesses seeking high-quality office space.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1972
Construction TYPE NOT SPECIFIED
Total area 2,290 SF
Lot 0.6 ac (26,000 SF)
Zoning code SC
APN 442-43-021
UPID US66-6044776

Cap rate & NOI

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

Location

5775 Chevrolet Blvd Parma, OH 44130-1414
Parma metro Census 177101 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2022
Last sale
$283,500
5 recorded transactions
2022
$283,500
2018
$1.0M
2013
Price N/A
2012
$1.1M
2007
$930,799

Zoning & alternative use

SC · Parma, OH
Zoning description

Provide for the development of a wide variety of business and shopping facilities within an integrated and unified arrangement of buildings and facilities in areas of sufficient dimensions to satisfy all off street parki…

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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