1239 Rockside RdParma, OH 44134

Property Details for 1239 Rockside Rd

Year built

2008

Construction

TYPE NOT SPECIFIED

Lot size

0.31 AC

Property size (Sq ft)

3,356 SF

Property type

Office properties

APN

445-17-302

APU

44517302

Description

This exceptional 3,356-square-foot office condominium presents a compelling owner-user opportunity in Parma, Ohio. Situated on a 0.31-acre lot at 1239 Rockside Road, this Class B building boasts high-image masonry construction and excellent visibility from Rockside Road. Built in 2008, the single-story structure features a superior build-out, including nine private offices, a dedicated conference room, two vestibules, and four restrooms (two executive baths). Ample parking is available with convenient front and rear access. The property includes a security system and benefits from easy access to major highways, I-77 and I-480. The location offers a blend of urban convenience and suburban charm, with nearby restaurants, retail, and recreational amenities such as West Creek Reservation and Ridgewood Golf Course. The thriving commercial area and strong demographics, including over 240,000 residents within a 5-mile radius and an average household income of $79,666, make this a highly attractive investment. The asking price is $505,000, translating to $150.50 per square foot. The property is zoned for office use and has a Cuyahoga County APN of 445-17-302. This is a turnkey solution for businesses seeking a well-appointed and strategically located office space.

• CAP approach

  CAP return

  Valuation

  6%

  $603,744

  6.5%

  $557,302

  7%

  $517,495

• Comparable approach

  Method

  Valuation

  Relative Method

  $313,920

  Geo Method

  $313,920

• Alternative Use

  Use

  Valuation

  Residential

  $691,055

  Hospitality

  $633,002

  Educational

  $526,651

  Medical

  $544,763

  Retail

  $819,234

Location Insight

City

Parma

County

Cuyahoga

State

Ohio

Latitude

41.4049

Longitude

-81.6874

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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