6731 Ridge Rd Parma, OH 44129
Property Lookup
Property profile & analytics
6731 Ridge Rd Parma, OH 44129
- Medical Office Space
- 13,851 SF
- 0.78 lot acres
Property ID
US66-2252392
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 6731 Ridge Rd
- Year built
- 1983
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.78 lot acres
- Property size
- 13,851 SF
- Zone code
- RB
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 450-01-003
- APU
- 45001003
Description
This exceptional 13,763 square foot, three-story medical/office building presents a unique investment opportunity in Parma, Ohio. Strategically located on Ridge Road and Lynett Drive, the property boasts high visibility and convenient access to University Hospitals, major retailers (including Chick-fil-A, Sheetz, McDonald's, Starbucks, Target, Kohl's, Verizon, and Walmart), and public transportation. The building features two elevators, fourteen restrooms, and ample parking for sixty-five vehicles across two lots. Currently, the building houses ten units, with varying lease terms. Two units are combined to form a dental office under a lease with five or more years remaining. Two additional units are occupied by physicians nearing retirement. One unit is leased month-to-month to a cleaning company, and another to an esthetician. Four units are currently occupied by HoltonWise, who will vacate prior to closing. The 0.78-acre lot offers significant frontage on both Ridge Road (across from Byers Field) and Lynett Drive (across from University Hospital). This prime location, combined with the building's substantial size and amenities, makes it an ideal investment for a variety of uses. The building's current occupancy provides immediate cash flow, with potential for future growth and lease renegotiation.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,317,000
- AI Estimate
- $910,000
Market price range: $809k - $2.28MMarket price range: $362k - $1.58M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,505,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,405,000 Change: -7% Conversion: Difficult
- OFFICE BUILDING
- $1,250,000 Change: -17% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,230,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Parma
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7339
- Latitude
- 41.3815
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$31,921
$74,970
$310,800
$385,770
-
$214,200
$888,000
$1,102,200
