Property profile

5945 State Rd Parma, OH 44134

OFF-MARKET
Office buildings
Property ID
US66-0310495
2,816 SF 0.15 ac lot Built 1959
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Construction TYPE NOT SPECIFIED
Total area 2,816 SF
Lot 0.15 ac (6,750 SF)
Zoning code RB
APN 446-06-010
UPID US66-0310495

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
  • HVAC Service General Contractor

Location

5945 State Rd Parma, OH 44134-2858
Parma metro Census 177501 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2016
3 recorded transactions
2016
$66,000
2015
Price N/A
2000
$265,000

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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