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Property profile & analytics
OFF-MARKET
Estimated value
$5,850,000
Medical Office Space
6115 Powers Blvd Parma, OH 44129-5471
Entity Owned
Absentee Owner
Free & Clear
Property ID
US66-1172614
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
40,851 SF
Lot
4.57 ac (199,226 SF)
Zoning code
OB
APN
450-05-011
UPID
US66-1172614
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
$6.25M
Comparable Approach
Comparable
$6.69M
Blend (final)
Blend
$5.85M
Owner & transaction history
PARMA COMMUNITY GENERAL
PARMA COMMUNITY GENERAL
Zoning & alternative use
OB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide Office Building Districts for both local and regional offices adjacent to business or residential areas that will ensure compatibility with and protect adjoining Residential Districts
Zone name
Office Building
General category
COMMERCIAL
Zone area
86.26 ac
Source
Realmo
Top alternative use upside
Restaurant
$6.9M
+55.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Parma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parma submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,765,000
6.5%
$6,245,000
7%
$5,800,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,440,000
Current use
RESTAURANT
$6,890,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,140,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$3,690,000
Change: -17% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,635,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.85M
Range $5.27M – $6.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$143 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$161,816
Tax year 2023
Assessed value
$1,957,380
Assessed 2023
Previous assessed
$1,957,380
+0.0% YoY
Effective rate
8.27%
On assessed value
Assessed land
$399,490
Assessed improvement
$1,557,890
Land market value
$1,141,400
Improvement market value
$4,451,100
Total market value
$5,592,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Total area
40,851 SF
Lot
4.57 ac (199,226 SF)
Zoning code
OB
APN
450-05-011
UPID
US66-1172614
Jurisdiction
CUYAHOGA
Zoning & alternative use
OB · Parma, OHZoning OB · permitted uses
OB · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide Office Building Districts for both local and regional offices adjacent to business or residential areas that will ensure compatibility with and protect adjoining Residential Districts
Zone name
Office Building
General category
COMMERCIAL
Zone area
86.26 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.4M
RESTAURANT
Est. value
$6.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
4.57 ac
Current owner
From public records · entity-resolved
PARMA COMMUNITY GENERAL
Individual
Free & Clear · 0 yrs held
Mailing address
7007 POWERS BLVD, CLEVELAND, OH 44129-5437
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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