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Property profile & analytics
FOR SALE
Turn key restaurants
6405 Pearl Rd Parma Heights, OH 44130
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-2245323
For Sale
1 / 4
$215,000
6405 Pearl Rd, Parma Heights, OH 44130
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Property summary
AI-generated overview
This exceptional 0.73-acre commercial lot is ideally situated on Pearl Road in Parma Heights, Ohio, at 6405 Pearl Road, zip code 44130. The property is zoned for General Commercial use, presenting a multitude of development opportunities. With an asking price of $215,000, this parcel offers significant potential for investors and businesses alike. The high-traffic location boasts an impressive 15,444 vehicles per day, according to ODOT TIMS data, ensuring excellent visibility and accessibility. Furthermore, the surrounding area demonstrates strong economic indicators, with an average household income exceeding $79,038 within a three-mile radius. This prime location in Cuyahoga County provides easy access to major transportation routes and a thriving community. The property's size and zoning make it suitable for a variety of commercial ventures. Don't miss this opportunity to acquire a valuable piece of commercial real estate in a desirable location. This offering includes lifetime access easements.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Construction
WOOD
Total area
5,506 SF
Lot
1.05 ac (45,857 SF)
Zoning code
C
APN
472-26-003
UPID
US66-2245323
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$400k
Blend (final)
Blend
$570k
Owner & transaction history
6405 Peral Realty LLC · 2 yrs held
6405 Peral Realty LLC
since 2023
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
C · Parma Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parma Heights 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
$560,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$930,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $600k (Sep 20 2023)
Last sale anchor
$600k
Sep 20 2023
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
$104 / 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
$14,686
Tax year 2023
Assessed value
$173,470
Assessed 2023
Previous assessed
$173,470
+0.0% YoY
Effective rate
8.47%
On assessed value
Assessed land
$80,260
Assessed improvement
$93,210
Land market value
$229,300
Improvement market value
$266,300
Total market value
$495,600
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
5,506 SF
Lot
1.05 ac (45,857 SF)
Zoning code
C
APN
472-26-003
UPID
US66-2245323
Jurisdiction
CUYAHOGA
Zoning & alternative use
C · Parma Heights, OH
Zoning C · permitted uses
C · Parma Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parma Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$930,000
RESTAURANT Current
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
1977
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
6405 Peral Realty LLC
Entity
Free & Clear · 2 yrs held
Mailing address
26042 STONE CT, WESTLAKE, OH 44145-2470
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2023
$600,000
6405 Peral Realty LLC
Shore Capital Re Partners Holdco Ll
Limited Warranty Deed
—
Oct 4, 2022
$535,000
Shore Capital Re Partners Holdco Ll
Acmp Properties INC
Warranty Deed
—
Oct 31, 1997
$600,000
A C M P Properties INC
Manlaw Investment Co
Grant Deed
$290,000 · Fifth Third Bank Ne Ohio
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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