- For Sale $535,000
- Property Type Office - General Office
- Property Size 8,650 SF
- Units 2
- Lot Size 0.59 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Date Updated Aug 12, 2026
Description
5261-5273 Broadview Road is located at the northeast corner of Broadview Road and North Avenue in Parma, approximately one block south of Brookpark Road. The property benefits from strong visibility and traffic exposure along Broadview Road, with 20,406 vehicles per day reported at the nearby ODOT traffic-count station just south of North Avenue. Source: Ohio Department of Transportation (ODOT) Traffic Viewer, 2025.5261-5273 Broadview Road presents a well-located office/retail investment opportunity in Parma, Ohio. The approximately 8,650-square-foot building is situated at the northeast corner of Broadview Road and North Avenue, approximately one block south of Brookpark Road, offering strong visibility, convenient access, and a prominent location.
The property is being offered for sale at $535,000, or approximately $62 per square foot.
The building is currently 100% occupied by two established tenants, both of which have leases extending through May 31, 2028. The property's long-standing tenancy, stable income stream, strong parking, and convenient location make it an attractive opportunity for an investor seeking a well-positioned commercial asset with existing cash flow.
Highlights
- $535,000 Asking Price ($62/SF)
- $81,696 in Total Annual Income
- 100% Occupied
- 20,406 Vehicles Per Day on Broadview Road
- Approximately $50,296 Estimated NOI
- Approximately 9.4% Going-In Cap Rate
- Excellent Visibility and Convenient Access
- Located Approximately One Block South of Brookpark Road
- Long-Term Tenant History and Stable Existing Cash Flow
- Prominent Broadview Road Frontage
- Strong Parking Availability
- Two Established Tenants with Leases Expiring May 31, 2028
- Well-Maintained Condition
False
Contacts
Connor Krouse
Location
Located at 5261-5273 Broadview Road, Parma, OH 44134, this property is part of the Parma neighborhood and Cleveland Akron market.
Contact Listing Broker
Connor Krouse