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Financial
Distress signals
Property profile

7401 Ridgewood Dr 8659 Parma, OH 44129

OFF-MARKET
Retail space
Property ID
US66-5329657
51,006 SF 42.68 ac lot Built 2014
Last sale Nov 2019 · $80,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Shoppes at Parma is a 756,000-square-foot power center anchored by Walmart, Dick’s Sporting Goods, Burlington, Marc’s, Fitworks, Old Navy, and Ulta, and it was redeveloped to transform the former Parmatown mall into a mixed-use retail center. The property includes multiple space configurations, such as a 160,000-square-foot, two-story former JCPenney building that can be used for non-retail purposes and features a potential 30-foot clear height; a 13,450-square-foot junior anchor retail…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$790k
Tax billed · 2023
Assessed value$9.59M
Assessed land$2.44M
Assessed improvement$7.15M
Effective rate8.23%

Value estimate

· Oct 2026
$4.27M
$3.84M – $4.70M
Submarket $/SF estimate$4.35M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$59/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$40 – $85
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.2
Parking Facility11.1
Wholesale Shop10.9

Location

7401 Ridgewood Dr, Unit 8659 Parma, OH 44129-5534
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5558 Pearl, Parma, OH 44129-2541 $550,000 Apr 2025 4,500 SF
5105 Pearl, Cleveland, OH 44129-1229 $120,000 Jan 2025 16,920 SF
5573 Pearl, Parma, OH 44129-2543 $265,000 Oct 2024 6,110 SF
5629 Pearl, Parma, OH 44129-2546 $430,000 Oct 2024 5,310 SF
5812 Rdg, Parma, OH 44129-3161 $6,354,166 Jul 2022 13,681 SF
5421 Pearl, Parma, OH 44129-1555 $185,000 Oct 2021 6,588 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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