Property profile

7607 Day Dr Parma, OH 44129

OFF-MARKET
Drive through restaurants
Property ID
US66-1322556
7,481 SF 1.65 ac lot Built 1974
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1974
Construction TYPE NOT SPECIFIED
Total area 7,481 SF
Lot 1.65 ac (71,874 SF)
Zoning code RB
APN 449-25-017
UPID US66-1322556

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

7607 Day Dr Parma, OH 44129-5603
Parma metro Census 177606 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
$557k
Blend (final) Blend
$370k

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2019
$4.3M
2014
$3.3M
2009
Price N/A
1969
Price N/A

Zoning & alternative use

RB · Parma, OH
Zoning description

Protect adjacent residential properties by restricting the type of business uses, particularly at the common boundaries, which would create hazards, noise, odors or other objectionable influences

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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