Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pearl Rd Parma Heights, OH 44130
    Back to Search
    Property profile & analytics

    Pearl Rd, Parma Heights, OH 44130

    View on Map
    • Turn key restaurants
    • 0.24 lot acres
    Off-Market
    Last Sale Aug 23, 2022
    Property ID
    US66-4181020
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for Pearl Rd

    Lot size
    0.24 lot acres
    Zone code
    C
    Property type
    Turn key restaurants
    APN
    472-26-041
    APU
    47226041

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 23, 2022 — Ledwidge Gp Management LLC Paul Siegfried Quit Claim Deed · related —
    Jun 19, 2020 $20,000 Paul Siegfried Tri-arch INC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Parma Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7678
    Latitude
    41.3854
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $762
    $6,230
    $770
    $7,000
    -
    $17,800
    $2,200
    $20,000

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      Eastland Rd

      RESTAURANT
      Eastland Rd, Middleburg Heights, OH 44130
      View Details
    • Value Estimation by Request
      3,425 SF

      6298 Pearl Rd

      RESTAURANT
      6298 Pearl Rd, Parma Heights, OH 44130-3062
      View Details
    • Value Estimation by Request
      5,042 SF

      6219 Pearl Rd

      RESTAURANT
      6219 Pearl Rd, Parma Heights, OH 44130-3035
      View Details
    • Value Estimation
      $830,000
      6,600 SF

      7175 Engle Rd

      RESTAURANT
      7175 Engle Rd, Middleburg Heights, OH 44130-3426
      View Details
    • Value Estimation by Request
      1,092 SF

      6619 Eastland Rd

      RESTAURANT
      6619 Eastland Rd, Middleburg Heights, OH 44130-2423
      View Details
    • Value Estimation
      $570,000
      5,506 SF

      6405 Pearl Rd

      RESTAURANT
      6405 Pearl Rd, Parma Heights, OH 44130-2983
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,089 SF

      New Popeyes Restaurant For Sale

      New Popeyes with 20-year NNN lease in Middleburg Heights.
      17505 Bagley Rd, Middleburg Heights, OH 44130
      View Details
    • Contact for pricing
      2,089 SF

      Popeyes Restaurant NNN Investment Opportunity

      New construction Popeyes with long-term lease and rental increases.
      17505 Bagley Rd, Middleburg Heights, OH 44130
      View Details
    • Contact for pricing

      Freestanding Restaurant Building on Bagley

      2,520 SF restaurant on 3.38 acres near I-71.
      18055 Bagley Rd, Middleburg Heights, OH 44130
      View Details
    • Contact for pricing
      3,200 SF

      Retail Property on Pearl Road

      Retail property with high visibility and city-approved cannabis license.
      6555 Pearl Rd, Parma Heights, OH 44130
      View Details
    • Contact for pricing
      2,899 SF

      7-Eleven Gas Station Investment

      Turnkey 7-Eleven gas station with NNN lease in Cleveland MSA.
      11690 Snow Rd, Cleveland, OH 44130
      View Details
    • Contact for pricing
      1,248 SF

      Former Convenience Store on Corner

      1,248 SF retail property on 0.29 acres for sale.
      6505 Pearl Rd, Parma Heights, OH 44130
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Former Restaurant Space Available

      8,000 SF former restaurant space with ample parking.
      6270-6286 Pearl Rd, Parma Heights, OH 44130
      View Details
    • Contact for pricing
      9,600 SF

      Retail Space with Drive-Thru Potential

      9,600 SF retail space with drive-thru in Middleburg Heights.
      17000 Bagley Rd, Middleburg Heights, OH 44130
      View Details
    • Contact for pricing
      1,863 SF

      Retail Space in Southpark Center

      Retail space for lease in a densely populated area.
      6853-6913 W 130Th St, Parma Heights, OH 44130
      View Details
    • Contact for pricing

      Freestanding Restaurant on Bagley Road

      Freestanding restaurant near I-71, Chipotle, Starbucks, Panera, and Raising Cane’s.
      18055 Bagley Rd, Cleveland, OH 44130
      View Details
    • Contact for pricing
      6,000 SF

      Retail End Cap For Lease

      Retail space available for lease with high traffic volume.
      6927-6933 Pearl Rd, Middleburg Heights, OH 44130
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Parma Heights

      Well-maintained retail spaces with high traffic and excellent parking.
      6370 York Rd, Parma Heights, OH 44130
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Pearl Rd
    Parma Heights, OH 44130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Pearl Rd, Parma Heights, OH, 44130
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!