5389 130 StParma, OH 44130

Property Details for 5389 130 St

Lot size

16.61 AC

Zone code

IA

Property type

Industrial land

APN

441-02-001

APU

44102001

Description

This exceptional 16.6-acre parcel presents a unique build-to-suit opportunity for industrial development in Parma, Ohio. Zoned for industrial use, this site offers significant potential for a large-scale project, with build-to-suit options up to 250,000 square feet. Strategically located at the intersection of Brookpark Road and West 130th Street, the property benefits from exceptional visibility and high traffic counts, with over 20,000 vehicles passing daily on West 130th Street. This prime location ensures excellent accessibility for employees and clients alike. Furthermore, the property enjoys convenient proximity to major transportation arteries, including easy access to I-480 and I-71, facilitating efficient logistics and distribution. The site is also less than 10 minutes from Cleveland Hopkins International Airport, providing seamless connectivity for national and international operations. This is an unparalleled opportunity to establish a significant industrial presence in a thriving and well-connected area of Cuyahoga County. The address is 5389 W 130th St, Parma, OH 44130. This build-to-suit land offers a blank canvas for your vision, allowing for customized design and construction to meet your specific operational needs.

• CAP approach

  CAP return

  Valuation

  6%

  $327,808,000

  6.5%

  $302,592,000

  7%

  $280,978,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,290,000

  Geo Method

  $108,290,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $148,415,000

  Mixed-Use / Specialty

  $142,565,000

  Hospitality / Lodging

  $97,667,400

  Office

  $136,176,000

  Institutional / Educational

  $146,308,000

  Residential Income

  $171,181,000

  Multifamily

  $234,804,000

  Automotive / Energy

  $125,407,000

  Parking / Income-Based Land

  $48,533,600

  Restaurant / Food Service

  $62,792,800

  Healthcare / Senior Housing

  $151,654,000

Location Insight

City

Parma

County

Cuyahoga

State

Ohio

Latitude

41.4141

Longitude

-81.7826

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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