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    OFF-MARKET
    Retail space

    6686 Pearl Rd, Parma Heights, OH 44130-3820

    6,000 SF 0.27 ac lot Built 1955
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US66-0673093
    Property summary
    AI-generated overview

    This exceptional 11,863 square foot storefront retail building presents a remarkable investment opportunity in Parma Heights, Ohio. Located at 6686 Pearl Rd, 44130, this fully occupied property boasts a diverse tenant mix, including a first-floor bridal shop occupying the front space and a fitness center situated at the rear. The second floor houses a dance studio, providing a stable and varied income stream. The building features two restrooms and a dedicated storage room, enhancing functionality and tenant appeal. Modern upgrades include air conditioning and newer windows, minimizing maintenance costs and maximizing energy efficiency. Attractive building and window signage is already in place. Access is convenient with both front and rear entrance doors, and ample parking is available with a 15-car lot supplemented by street parking. The property benefits from its strategic location east of Southland Shopping Center and West 130th Street, ensuring high visibility and foot traffic. Easy highway access to I-480 and I-71 further enhances its appeal. This turnkey operation offers a strong return on investment with a current asking price of $515,000. Don't miss this chance to acquire a thriving retail property in a desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1955
    Construction TYPE NOT SPECIFIED
    Total area 6,000 SF
    Lot 0.27 ac (11,863 SF)
    Zoning code C
    APN 473-14-038
    UPID US66-0673093
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mfa Capital LLC · 1 yrs held
    Mfa Capital LLC
    since 2025
    Last sale
    $495,000
    6 recorded transactions
    2025
    $495,000
    2009
    $345,000
    2008
    $100,000
    1997
    1997
    $290,000
    1969
    Zoning & alternative use
    C · Parma Heights, OH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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