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Property profile & analytics
FOR LEASE
Turn key restaurants

8111 Day Dr Parma, OH 44129

5,771 SF 0.74 ac lot Built 1979
Entity Owned 23-yr Hold ~ Est. High Equity
Property ID
US66-6283088
Property summary
AI-generated overview

This exceptional 0.75-acre outparcel in Parma, Ohio, presents a unique opportunity for retail development. Located at 8111 Day Drive, this property offers up to 5,000 square feet of build-to-suit space directly in front of a thriving Giant Eagle grocery store. The site's strategic location ensures high visibility and accessibility, benefiting from a traffic signal directly connected to the Giant Eagle. Currently operating as a Denny's restaurant, this parcel is zoned as a Shopping Center District, allowing for a diverse range of uses including banks, restaurants (including drive-thrus), retail establishments, and automotive businesses. The surrounding area boasts a strong demographic profile, with over 100,000 residents within a 3-mile radius and average household incomes exceeding $70,000. This presents a compelling investment opportunity for developers seeking a high-traffic location with significant growth potential. The property is available for ground lease or build-to-suit arrangements, offering flexibility to tailor the development to specific needs. This is an ideal location for businesses seeking to capitalize on a densely populated area with high consumer spending. The existing infrastructure and zoning regulations simplify the development process, making this a truly attractive proposition for discerning investors and developers.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction TYPE NOT SPECIFIED
Total area 5,771 SF
Lot 0.74 ac (32,452 SF)
Zoning code CB
APN 449-26-004
UPID US66-6283088
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
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Lone Palm Properties Ltd · 23 yrs held
Lone Palm Properties Ltd
since 2003
5 recorded transactions
2017
Price N/A
2003
$625,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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