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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Office buildings
6659 Pearl Rd Parma Heights, OH 44130-3821
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6126912
Property summary
AI-generated overview
Freedom Square, located at 6659 Pearl Rd, Parma Heights, OH 44130, presents a compelling opportunity for businesses seeking versatile office space. This Class B, four-story building, totaling 30,434 square feet, underwent renovations in 2023, offering modern amenities within a well-established location. The property features 15 suites, with sizes ranging from a minimum of 300 square feet to a maximum contiguous space of 6,000 square feet, catering to diverse business needs. Multiple tenancy options are available. The building boasts convenient access, including one elevator and ample free surface parking with 65 spaces. Its prime location at the intersection of W. 130th & Pearl Rd provides excellent road exposure, with over 16,000 cars passing daily. The building offers 24/7 access and is ADA compliant. Situated on a 9.17-acre lot, Freedom Square benefits from its proximity to numerous restaurants, retail establishments, and hotels. The building is zoned Class C - Commercial and is part of the Parma Heights submarket. Built in 1966, this property combines classic charm with modern updates, making it an ideal location for a variety of businesses.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
TYPE NOT SPECIFIED
Total area
25,264 SF
Lot
0.92 ac (39,946 SF)
Zoning code
C
APN
473-32-001
UPID
US66-6126912
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
$1.63M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.43M
Owner & transaction history
6659 Pearl Rd LLC · 2 yrs held
6659 Pearl Rd LLC
since 2023
Last sale
$1.4M
7 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
$1,620,000
ML approach
$1,625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10% · vs last sale $1.38M (Oct 31 2023)
Last sale anchor
$1.38M
Oct 31 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
$57 / 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
$26,059
Tax year 2023
Assessed value
$302,890
Assessed 2023
Previous assessed
$302,890
+0.0% YoY
Effective rate
8.60%
On assessed value
Assessed land
$55,930
Assessed improvement
$246,960
Land market value
$159,800
Improvement market value
$705,600
Total market value
$865,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Bathrooms
5
Total area
25,264 SF
Lot
0.92 ac (39,946 SF)
Zoning code
C
APN
473-32-001
UPID
US66-6126912
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.
Building & site characteristics
From public records
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
5
Lot
0.92 ac
Current owner
From public records · entity-resolved
6659 Pearl Rd LLC
Entity
Mailing address
38021 EUCLID AVE STE #1, WILLOUGHBY, OH 44094-6184
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
6659 Pearl Rd LLC
—
Deed
related
$465,000 · S & T Bank
Oct 31, 2023
$1,375,000
6659 Pearl Rd LLC
Cg2 LLC
Warranty Deed
$962,500 · S & T Bank
Mar 6, 2023
—
Cg 2 LLC
Greg Clement
Warranty Deed
—
May 30, 2019
—
Greg Clement
—
Deed
related
$300,000 · Pnc Bk
Mar 3, 2006
$1,600,000
Greg Clement
West End Properties LLC
Warranty Deed
$1,350,000 · West End Properties LLC
Apr 19, 2004
—
West End Properties LLC
6659 Pearl Rd LLC
Grant Deed
related
—
May 8, 2001
—
6659 Pearl Road LLC
Austin,robert S & Laura A
Grant Deed
related
—
Dec 20, 2000
$1,161,900
Robert S Austin
1031-tt Land Corp
Grant Deed
—
Jul 6, 2000
$670,000
1031-tt Land Corp
Burns,victoria
Quit Claim Deed
related
—
Feb 29, 2000
$600,000
Victoria Burns
Mif Realty LP
Grant Deed
$500,000 · Western Reserve Bank
Oct 16, 1998
$670,000
Mif Realty LP
Columbia Medical Associates
Trustees Deed
—
—
—
Greg Clement
—
Deed Of Trust
related
$300,000 · Pnc Bk
—
—
Greg Clement
—
Deed Of Trust
related
$1,234,000 · Jp Morgan Chase Bank NA
—
—
Greg Clement
—
Deed Of Trust
related
$240,000 · Firstmerit Bank NA
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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