This exceptional retail opportunity is located at 7800 Broadview Road in Parma, Ohio, 44134. The property consists of a single-story, Class B building constructed in 1972, situated on a generous 13.089-acre lot. Currently, one retail space of 1,244 square feet is available for lease within this multi-tenant building. The building is zoned RB, and its Cuyahoga County APN is 45344001. This location offers excellent visibility and accessibility, with the added benefit of being adjacent to a newly constructed self-storage facility, potentially driving increased foot traffic and customer exposure. The property's single-building structure and ample lot size provide significant potential for future development or expansion. The building features a total of zero suites, indicating a flexible layout adaptable to various retail needs. This presents a unique chance to establish a thriving business in a well-established Parma commercial area. The property's location in Cuyahoga County, Ohio, offers access to a robust local market and convenient transportation links. This is an ideal opportunity for a retailer seeking a high-visibility location with significant potential for growth. The 1,244 square foot space is ready for immediate occupancy.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,374,844
6.5%
$1,269,087
7%
$1,178,438
Comparable approach
Method
Valuation
Relative Method
$1,194,162
Geo Method
$1,194,162
Alternative Use
Use
Valuation
Residential
$1,070,523
Hospitality
$980,593
Educational
$815,842
Medical
$843,900
Retail
$1,269,087
Location Insight
City
Parma
County
Cuyahoga
State
Ohio
Latitude
41.3532
Longitude
-81.6856
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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