Property profile

8555 Day Dr Parma, OH 44129

FOR SALE
Other distribution properties
Property ID
US66-2779242
1,012 SF 1.79 ac lot Built 2006
Individually Owned 20-yr Hold Absentee Owner Free & Clear
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For Sale
Contact for pricing 1,012 SF
8555 Day Dr, Parma, OH 44129
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Property summary

AI-generated overview

Second-generation restaurant space sized up to 13,500 square feet includes a full liquor license. The property is located opposite the Shoppes at Parma (825,000 square feet) and Vista Springs Greenbriar Senior Living Center, and it sits directly behind an RTA depot, surrounded by high-rise apartments. The site has building signage, is positioned at a signalized intersection, and benefits from nearby retail amenities including The Shoppes at Parma (Walmart, Dick’s, Marc’s), Target, Kohl’s, Giant Eagle, Planet Fitness, Make Believe Family Fun Center, and Save-A-Lot. The building has a maintained exterior and features a replaced facade.

Property profile

Verified
Property type Other distribution properties
Use group BUS TERMINAL
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 1,012 SF
Lot 1.79 ac (78,177 SF)
Zoning code RB
APN 449-27-012
UPID US66-2779242

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
  • Physician
  • Training Center Tutoring Service

Location

8555 Day Dr Parma, OH 44129
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
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2005
6 recorded transactions
2021
Price N/A
2019
Price N/A
2006
Price N/A
2005
Price N/A
2003
$1.5M
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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