Technical
Financial
Distress signals
Property profile

Ridgewood Dr Parma, OH 44129

OFF-MARKET
Commercial land
Property ID
US66-0918867
5.17 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 5.17 ac (225,414 SF)
Zoning code SF-AA
APN 450-05-015
UPID US66-0918867

Cap rate & NOI

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

Location

Ridgewood Dr Parma, OH 44129
Parma metro Census 177608 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$660k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$660k

Owner & transaction history

since 2022
Last sale
$660,000
1 recorded transaction
2022
$660,000

Zoning & alternative use

SF-AA · Parma, OH
Zoning description

To provide for exclusive single family residential uses where they are compatible with existing residential development within the City

General category RESIDENTIAL

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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