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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail space
6507 Pearl Rd Parma Heights, OH 44130-3816
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-6044387
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD
Total area
12,654 SF
Lot
0.42 ac (18,303 SF)
Zoning code
C
APN
472-22-004
UPID
US66-6044387
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
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$585k
Owner & transaction history
Jac 356 LLC · 3 yrs held
Jac 356 LLC
since 2023
Last sale
$725,000
5 recorded transactions
Zoning & alternative use
C · Parma Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$935,000
+19.5%
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
$490,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$785,000
Current use
APARTMENT HOUSE (5+ UNITS)
$935,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $725k (Apr 14 2023)
Last sale anchor
$725k
Apr 14 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
$46 / 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
$18,506
Tax year 2023
Assessed value
$215,260
Assessed 2023
Previous assessed
$215,260
+0.0% YoY
Effective rate
8.60%
On assessed value
Assessed land
$37,490
Assessed improvement
$177,770
Land market value
$107,100
Improvement market value
$507,900
Total market value
$615,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
6
Bathrooms
6
Total area
12,654 SF
Lot
0.42 ac (18,303 SF)
Zoning code
C
APN
472-22-004
UPID
US66-6044387
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
RETAIL STORES Current
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$935,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1960
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
6
Bathrooms
6
Lot
0.42 ac
Current owner
From public records · entity-resolved
Jac 356 LLC
Entity
Mailing address
2845 PEARL RD, MEDINA, OH 44256-7625
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
$725,000
Jac 356 LLC
An Ohio LLC
Warranty Deed
$450,000 · First National Bank Of Pennsylvania
Mar 29, 2019
—
Little Mountain Properties LLC
Posatiere,ross L
Quit Claim Deed
related
—
Nov 18, 2005
$610,000
Ross L Posatiere
Gentile,filippo & Rachele
Warranty Deed
$170,450 · Lake National Bank
Feb 28, 2001
$475,000
Filippo Gentile
State Properties INC
Grant Deed
$300,000 · National City Bank
—
—
Ross L Posatiere
—
Deed Of Trust
related
$184,445 · Lake National Bank
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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