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Property profile & analytics
OFF-MARKET Estimated value $725,000
Medical Office Space

6789 Rdg Rd Parma, OH 44129-5649

35,646 SF 1.49 ac lot Built 1977
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-5684603
Property summary
AI-generated overview

This three-story, 29,832 square foot medical office building in Parma, Ohio, presents a unique investment opportunity. Located at 6789 Ridge Rd, near the intersection of Day Drive, this property offers multiple suites for lease, with a minimum divisible space of 613 square feet and a maximum contiguous space of 3,200 square feet. Eleven suites in total are available within the building, with 8,014 square feet currently vacant. The building is zoned for Business Commercial use and benefits from excellent visibility and signage opportunities. Its strategic location offers convenient access to major roadways, including I-71 and I-480, ensuring easy patient access. The property is ideally situated adjacent to University Hospitals Parma Medical Center and just five miles from University Hospitals Southwest General Hospital, providing a strong patient base and synergistic environment. Across the street lies The Shoppes at Parma, offering additional convenience for patients and staff. The potential for creating a dedicated patient drop-off area further enhances the property's appeal. This property is perfect for a variety of medical practices, including urgent care facilities, optometrists, and other healthcare providers seeking a high-traffic location in the thriving Cleveland South submarket, specifically within the Parma, Seven Hills, and Independence cluster in Cuyahoga County, Ohio, zip code 44129.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1977
Construction TYPE NOT SPECIFIED
Total area 35,646 SF
Lot 1.49 ac (65,061 SF)
Zoning code RB
APN 450-03-002
UPID US66-5684603
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
$3.21M
Blend (final) Blend
$725k
Owner & transaction history
A & I Ohio Properties LLC · 1 yrs held
A & I Ohio Properties LLC
since 2025
5 recorded transactions
2025
$1.0M
2008
Price N/A
2008
$4.5M
2005
$2.4M
2000
Price N/A
Zoning & alternative use
RB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Protect adjacent residential properties by restricting the type of business uses, particularly at the common boundaries, which would create hazards, noise, odors or other objectionable influences

Zone name Retail Business
General category COMMERCIAL
Zone area 506.77 ac
Source Realmo
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