8111 Day Dr Parma, OH 44129
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB · Parma, OHParma. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.