Property profile

6338 Broadview Rd Parma, OH 44134

FOR SALE
Commercial land
Property ID
US66-1934842
3,013 SF 0.51 ac lot Built 1900
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.16-acre commercial development site presents a unique opportunity in Parma, Ohio. Located at 6338 Broadview Rd, this property boasts a highly visible location at a signalized intersection, offering unparalleled exposure for any commercial venture. The lot dimensions measure approximately 280 feet by 352.4 feet, providing ample space for a substantial development. Zoned for office building construction, this site is ideal for a variety of uses, including retail establishments. The property is available for ground lease or build-to-suit arrangements, offering flexibility to potential developers. Situated in Cuyahoga County, with a Parma, Ohio 44134 zip code, this location benefits from excellent access to major transportation routes and a thriving local community. The single-tenancy nature of the site allows for complete control and customization of the development. This is a rare opportunity to acquire a prime commercial parcel in a high-traffic area, ready for immediate development. The property's strategic location and flexible development options make it an attractive investment for discerning developers seeking a high-impact commercial project. Serious inquiries are encouraged to explore the possibilities of this exceptional development opportunity.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1900
Total area 3,013 SF
Lot 0.51 ac (22,115 SF)
Zoning code SF-AA
APN 451-41-008
UPID US66-1934842

Cap rate & NOI

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

Location

6338 Broadview Rd Parma, OH 44134
Parma metro Census 177503 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2021
7 recorded transactions
2025
Price N/A
2025
Price N/A
2024
Price N/A
2021
Price N/A
2021
Price N/A
2021
Price N/A
2020
$550,000

Zoning & alternative use

SF-AA · Parma, OH
Zoning description

To provide for exclusive single family residential uses where they are compatible with existing residential development within the City

General category RESIDENTIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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