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
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Construction TYPE NOT SPECIFIED
Total area 51,006 SF
Lot 42.68 ac (1,859,181 SF)
APN 449-25-025
UPID US66-5329657

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

7401 Ridgewood Dr, Unit 8659 Parma, OH 44129-5534
Parma metro Census 177606 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
$4.35M
Blend (final) Blend
$4.27M

Owner & transaction history

since 2019
2 recorded transactions
2019
$80.6M
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $5.5M +84.0%
Neighborhood: shopping center $5.2M +71.5%
Office building $4.6M +52.8%

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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