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Property profile

7422 Broadview Rd 26 Parma, OH 44134

OFF-MARKET
Retail space
Property ID
US66-1429077
5,600 SF 1.2 ac lot Built 2004
Entity Owned 7-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction TYPE NOT SPECIFIED
Total area 5,600 SF
Lot 1.2 ac (52,107 SF)
Zoning code RB
APN 452-34-012
UPID US66-1429077

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
  • (Bike/Boat/Book/etc) Store
  • Party Supply Store (Bike/Boat/Book/etc) Store
  • Big Box & Wholesale Store
  • Hat Shop
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$617k
Blend (final) Blend
$315k

Owner & transaction history

since 2018
5 recorded transactions
2018
$1.2M
2011
$682,500
2011
$1.2M
2004
Price N/A
2003
$292,500

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
Top alternative use upside
Restaurant $945,000 +163.2%
Office building $905,000 +152.4%
Medical building $610,000 +69.5%

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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