Property profile

7376 State Rd Parma, OH 44134

OFF-MARKET
Turn key restaurants
Property ID
US66-1657989
8,764 SF 2.27 ac lot Built 1961
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1961
Construction TYPE NOT SPECIFIED
Total area 8,764 SF
Lot 2.27 ac (98,755 SF)
Zoning code RB
APN 454-12-009
UPID US66-1657989

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7376 State Rd Parma, OH 44134
Parma metro Census 177609 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$280k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2009
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RB · Parma, OH
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

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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