Property profile

5880 Rdg Rd Parma, OH 44129

OFF-MARKET
Retail space
Property ID
US66-1629725
1,746 SF 0.18 ac lot Built 1961
Entity Owned 16-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1961
Construction WOOD
Total area 1,746 SF
Lot 0.18 ac (7,800 SF)
Zoning code RB
APN 449-04-019
UPID US66-1629725

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
  • Bakery Specialty Food Shop

Location

5880 Rdg Rd Parma, OH 44129-3643
Parma metro Census 177403 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

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

Owner & transaction history

since 2010
2 recorded transactions
2010
Price N/A
2009
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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