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Parma Heights, OH Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Parma Heights, Ohio Market population: 21K. Compare commercial properties across all major asset classes...

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12 properties found
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⭐ Featured

Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code

$1,200,000
Oakland Multifamily

Discover a compelling real estate investment in the vibrant city of Oakland, California. This property at 5476 Vicente W...

Cap Rate 2.70%
NOI $32,400
Size 1,800 SF

📊 Avg Property Tax Rate For Parma Heights OH Properties: 4.4700%

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High-Cap-Rate Value-Add Multifamily Investment in Oakland

$2,299,999
Oakland Multifamily

Discover a compelling value-add opportunity in Oakland’s vibrant real estate market. This six-unit multifamily propert...

Cap Rate 7.97%
NOI $183,323
Size 6,104 SF

Investor Questions For Parma Heights OH

Common questions from investors exploring commercial real estate in Parma Heights OH.

What is the overall investment potential of Parma Heights, OH? +
The 12.6% poverty rate combined with a high health insurance coverage of 93.4% and a strong employment population of 9,721 suggests a stable market with opportunities for rental income, particularly with top industries like Construction and Public Administration driving local demand.
How does the demographic diversity of Parma Heights impact real estate investment? +
The city's ethnic diversity, with 45.2% White and 4.8% Black populations, alongside a foreign-born rate of 3.4%, indicates a potentially vibrant and inclusive community, which can attract a wide range of tenants and support long-term property appreciation.
What are the key factors influencing the quality of life for residents and tenants in Parma Heights? +
The average commute time of 25.2 minutes, coupled with a high health insurance rate of 93.4%, suggests a good quality of life, while the median household income of $43,502 and a GINI coefficient of 0.405 provide insights into the economic stability and potential for tenant reliability.
How does the local economy and industry mix affect real estate investment in Parma Heights? +
With top industries including Construction, Public Administration, and Information, there is a diverse economic base, which can support a stable demand for housing, and when combined with a median property value of $117,700, presents opportunities for both rental yields and property appreciation.
What insights can be gained from the housing market and commute patterns in Parma Heights for real estate investors? +
The homeownership rate of 56.9% and average commute time of 25.2 minutes, with top commute methods being driving alone, working from home, or carpooling, suggest a flexible and accessible housing market, which, alongside the median property taxes of $5,266, can help investors assess the potential for rental income and property management strategies.

Parma Heights OH Real Estate & City Facts

Key facts and real estate information about Parma Heights OH.

What are some of the best neighborhoods to live in Parma Heights? +
Some of the best neighborhoods to live in Parma Heights include Reservoir Park, which is a peaceful and family-friendly neighborhood. Other desirable areas tend to be in the west parts of the city, while more affordable homes are in the northwest regions. Neighborhoods like Westlake, Ohio, are also great places to live, offering small-town charm and proximity to Cleveland.
What are some fun things to do in Parma Heights? +
There are plenty of fun things to do in Parma Heights, including visiting the Greater Cleveland Shiva Vishnu Temple, Saint Andrew Ukranian Catholic Church, and Make Believe Family Fun Center. You can also explore the All Purpose Trail, Cleveland Script Sign - Edgewater Park, and Berea Falls Scenic Overlook. Additionally, the city is close to Cleveland, where you can visit the Rock and Roll Hall of Fame, Huntington Bank Field, and Progressive Field.
What is the food scene like in Parma Heights? +
The food scene in Parma Heights is diverse and exciting, with a range of restaurants serving different cuisines. Some popular spots include Clubhouse Restaurant + Bar, Dragon Gate Chinese Restaurant, Fans of The Whip, and Cuisine of India. You can also find great Mexican food at Don Ramon Mexican Restaurant and delicious pizza at Fratello's Pizza. There are also plenty of great food trucks and cafes in the area, such as Taydo on Snow Rd, which serves delicious Vietnamese cuisine.
What are the pros and cons of living in Parma Heights? +
The pros of living in Parma Heights include its peaceful and family-friendly neighborhoods, affordable housing, and proximity to Cleveland. However, some cons include the city's limited job opportunities and higher poverty rate compared to other suburbs. Additionally, some areas of the city may have older infrastructure and limited public transportation options. Overall, Parma Heights is a great place to live for those who value a quiet, suburban lifestyle and are willing to commute to Cleveland for work or entertainment.
Is Parma Heights a good place to live? +
Parma Heights can be a good place to live for those who value a quiet, suburban lifestyle and are looking for affordable housing. The city has a strong sense of community, with many family-friendly neighborhoods and parks. While it may not have all the amenities and job opportunities of a larger city like Cleveland, Parma Heights is a great option for those who want to escape the hustle and bustle of city life and enjoy a more relaxed pace. Ultimately, whether or not Parma Heights is a good place to live depends on your individual priorities and preferences.
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Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Apartment Building

Presenting a high-yield investment opportunity at 5476 Vicente Way in Oakland's sought-after Temescal neighborhood. This...

Cap Rate 7.97%
NOI $183,300
Size 0 SF

📊 Average Income For Parma Heights OH Commercial Property: $43,502

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Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal

$2,299,999
Oakland Multifamily

Discover a compelling investment opportunity at 5476 Vicente Way in Oakland's vibrant Temescal neighborhood. This well-m...

Cap Rate 7.97%
NOI $183,324
Size 0 SF
⭐ Featured

Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a prime multifamily investment opportunity at 101 Gregory St in Central City, Colorado. This 18-unit mid-rise a...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate

$5,800,000
Central City Multifamily

Discover a compelling investment in Central City, Colorado, with this newly constructed 18-unit multifamily property at...

Cap Rate 5.70%
NOI $330,380
Size 13,454 SF
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Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA

$1,750,000
San Fernando Multifamily

Presenting a compelling value-add opportunity in the heart of San Fernando, California, this 8-unit multifamily property...

Cap Rate 6.66%
NOI $116,550
Size 5,040 SF
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Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate

$30,000,000
Valley Village Multifamily

Discover a prime multifamily investment opportunity in the desirable Valley Village neighborhood of Los Angeles County....

Cap Rate 3.39%
NOI $1,017,000
Size 52,393 SF
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Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate

$1,275,000
San Fernando Multifamily

Discover a compelling multifamily investment in the heart of San Fernando, California. This 5-unit apartment property, p...

Cap Rate 7.76%
NOI $98,945
Size 10,888 SF
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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127

$2,450,000
Miami Multifamily (Condo)

Discover a prime investment opportunity at 136 NW 26th St in Miami, Florida. This Class B multifamily condo property, bu...

Cap Rate %
NOI $0
Size 30,000 SF
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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF
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