Technical
Financial
Distress signals
Property profile

8515 Day Dr Parma, OH 44129

OFF-MARKET
Outlet malls
Property ID
US66-1365385
46,610 SF 4.72 ac lot Built 1986
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1986
Construction TYPE NOT SPECIFIED
Total area 46,610 SF
Lot 4.72 ac (205,600 SF)
Zoning code RB
APN 449-27-004
UPID US66-1365385

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
  • Discount Store
  • (Bike/Boat/Book/etc) Store Arcade & Gaming Center

Location

8515 Day Dr Parma, OH 44129-5614
Parma metro Census 177606 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$1.21M

Owner & transaction history

since 2019
7 recorded transactions
2019
$693,000
2019
Price N/A
2015
$4.3M
2015
$3.8M
2014
$4.2M
2012
$3.7M
2012
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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