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Property profile & analytics
OFF-MARKET
Estimated value
$7,565,000
Grocery and convenience stores
7939 Day Dr Parma, OH 44129-5611
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-6247654
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
92,553 SF
Lot
11.61 ac (505,819 SF)
Zoning code
CB
APN
449-26-005
UPID
US66-6247654
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.89M
Blend (final)
Blend
$7.57M
Owner & transaction history
Nnn Parma Oh Owner LP · 8 yrs held
Nnn Parma Oh Owner LP
since 2018
4 recorded transactions
Zoning & alternative use
CB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.1M
+84.0%
Neighborhood: shopping center
$9.4M
+71.5%
Office building
$8.4M
+52.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Parma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parma submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,465,000
Current use
MEDICAL BUILDING
$10,055,000
Change: +84% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,375,000
Change: +71% · Conversion: Moderate
OFFICE BUILDING
$8,355,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,235,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,670,000
Change: +40% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,850,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$7.57M
Range $6.81M – $8.32M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$82 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$278,594
Tax year 2023
Assessed value
$3,378,550
Assessed 2023
Previous assessed
$3,896,170
-13.3% YoY
Effective rate
8.25%
On assessed value
Assessed land
$1,168,440
Assessed improvement
$2,210,110
Land market value
$3,338,400
Improvement market value
$6,314,600
Total market value
$9,653,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
92,553 SF
Lot
11.61 ac (505,819 SF)
Zoning code
CB
APN
449-26-005
UPID
US66-6247654
Jurisdiction
CUYAHOGA
Zoning & alternative use
CB · Parma, OH
Zoning CB · permitted uses
CB · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.4M
OFFICE BUILDING
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
11.61 ac
Current owner
From public records · entity-resolved
Nnn Parma Oh Owner LP
Entity
Mailing address
5973 AVENIDA ENCINAS STE #301, CARLSBAD, CA 92008-4479
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2018
$21,086,000
Nnn Parma Oh Owner LP
Ge Day Drive Portfolio LP
Grant Deed
$158,449 · Athene USA Corporation
Jun 8, 2010
—
Ge Day Drive LP
—
Deed Of Trust
related
$11,000,000 · Peoples United Bank
Mar 8, 2010
$18,000,000
Ge Day Drive LP
Day Drive Associates LLC
Grant Deed
related
—
Jan 11, 2007
$1,550,000
Day Drive Associates LLC
Parma LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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