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Property profile & analytics
OFF-MARKET
Drive through restaurants
6530 Pearl Rd Parma Heights, OH 44130-3815
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-1125646
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
2,440 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C
APN
473-17-009
UPID
US66-1125646
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1196 Sante Fe LLC · 7 yrs held
1196 Sante Fe LLC
since 2019
5 recorded transactions
Zoning & alternative use
C · Parma Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide commercial and related uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
8.84 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$63,239
Tax year 2023
Assessed value
$746,980
Assessed 2023
Previous assessed
$252,150
+196.2% YoY
Effective rate
8.47%
On assessed value
Assessed land
$128,070
Assessed improvement
$618,910
Land market value
$365,900
Improvement market value
$1,768,300
Total market value
$2,134,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
2,440 SF
Lot
0.7 ac (30,492 SF)
Zoning code
C
APN
473-17-009
UPID
US66-1125646
Jurisdiction
CUYAHOGA
Zoning & alternative use
C · Parma Heights, OHZoning 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
Zoning description
This district is intended to provide commercial and related uses
Zone name
Commercial
General category
COMMERCIAL
Zone area
8.84 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
1196 Sante Fe LLC
Entity
Mailing address
9113 E VASSAR AVE, DENVER, CO 80231-7641
Ownership since
2019
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 12, 2019
$2,134,155
1196 Sante Fe LLC
Fx Net Lease Holdings LLC
Grant Deed
—
Mar 23, 2016
—
Fx Net Lease Holdings LLC
Wendys Restaurants Of Rochester
Grant Deed
related
—
Mar 13, 2009
—
Wendys Restaurants Of Rochester
—
Deed Of Trust
related
$3,000,000 · National City Bank
Nov 16, 2000
$350,000
Michael S O'donnell
Marble Trust
Grant Deed
—
Jun 15, 2000
—
Wendy's Restaurants Of Rochest
—
Deed Of Trust
related
$10,100,000 · National City 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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