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    McDowell Homes Real Estate Services

    7230 Mentor Ave, Mentor, OH 44060
    (440) 205-2000
    Web Site
    Size: 10+ agents

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    Property Types

    • Commercial Lease
    • Commercial Sale
    • Residential Multi Family
    • Land
    • Residential

    Listings

    For Sale (18)

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    Large Duplex in Cleveland, OH
    $134,900
    2,428 SF

    Large Duplex in Cleveland, OH

    Well-maintained duplex with recent upgrades, ideal for owner-occupants or investors.

    10704 Woodland Ave, Cleveland, OH 44104
    View details
    Updated Duplex Near Medical Center
    $125,000
    1,680 SF

    Updated Duplex Near Medical Center

    Turnkey duplex in Elyria, near hospitals and commuter routes.

    338 17Th St, Elyria, OH 44035
    View details
    Tremont Duplex with Income Potential
    $160,000
    1,655 SF

    Tremont Duplex with Income Potential

    Duplex in Tremont neighborhood, close to amenities and downtown.

    2449 Castle Ave, Cleveland, OH 44113
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    Distinctive Commercial Building on Mentor Avenue
    $699,900
    0.53 Acres

    Distinctive Commercial Building on Mentor Avenue

    High-visibility commercial building in Painesville with B1 and B2 zoning.

    1100 Mentor Ave, Painesville, OH 44077
    View details
    Updated Duplex with Modern Finishes
    $325,000
    2,850 SF

    Updated Duplex with Modern Finishes

    Updated duplex featuring remodeled units, private porches, and ample storage.

    5406-5408 Merkle Ave, Parma, OH 44129
    View details
    Cleveland Heights Income-Producing Duplex
    $314,999
    3,474 SF

    Cleveland Heights Income-Producing Duplex

    Rare 7-bedroom duplex, ideal for owner-occupant or investor.

    3423 Beechwood Ave, Cleveland Heights, OH 44118
    View details
    Willoughby Commercial Development Site
    $750,000
    7.72 Acres

    Willoughby Commercial Development Site

    7.72 acre corner lot suitable for multiple commercial uses.

    V/L Lost Nation Rd, Willoughby, OH 44094
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    Willoughby Commercial Development Opportunity
    $750,000
    7.72 Acres

    Willoughby Commercial Development Opportunity

    Development site suitable for retail, office, business, and warehouse.

    Lost Nation Rd, Willoughby, OH 44094
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    Akron Land Opportunity
    Contact for pricing
    0.65 Acres

    Akron Land Opportunity

    Two adjoining lots totaling 1.261 acres for sale.

    05 Kreiner Ave, Akron, OH 44312
    View details
    Buildable Lot Near Lake Erie
    Contact for pricing
    0.94 Acres

    Buildable Lot Near Lake Erie

    Buildable lot near Lake Erie in Conneaut, Ohio.

    18 Hillcrest Ct, Conneaut, OH 44030
    View details
    Akron Land Opportunity
    Contact for pricing
    0.62 Acres

    Akron Land Opportunity

    Two adjoining lots totaling 1.261 acres for sale.

    06 Kreiner Ave, Akron, OH 44312
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    Akron Land Opportunity
    $60,000
    1.26 Acres

    Akron Land Opportunity

    Two adjoining lots totaling 1.261 acres available for purchase.

    Kreiner Ave, Akron, OH 44312
    View details
    Cash-Flowing Duplex Investment Opportunity
    $180,000
    1,780 SF

    Cash-Flowing Duplex Investment Opportunity

    Fully rented duplex generating $2,410 monthly income in Cleveland, OH.

    4148 Carlyle Ave, Cleveland, OH 44109
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    Versatile Mixed-Use Property, North Canton
    $269,900
    0.20 Acres

    Versatile Mixed-Use Property, North Canton

    Charming property with flexible zoning, ideal for residential and commercial use.

    4725 Massillon Rd, North Canton, OH 44720
    View details
    Glenville Four-Unit Income Property
    $170,000
    0.12 Acres

    Glenville Four-Unit Income Property

    All-brick four-unit building in Glenville neighborhood, Cleveland.

    568 101St St, Cleveland, OH 44108
    View details
    Renovated Duplex with Income Potential
    $119,900
    1,944 SF

    Renovated Duplex with Income Potential

    Recently renovated duplex with updated systems and income potential.

    9512 Parkview Ave, Cleveland, OH 44104
    View details
    Turnkey Triplex in Cleveland Location
    $185,000
    0.10 Acres

    Turnkey Triplex in Cleveland Location

    Turnkey triplex near downtown, Cultural Garden, and highway access.

    946 E 79Th St, Cleveland, OH 44103
    View details
    Mentor Avenue Multi-Use Property
    $1,100,000
    11,792 SF

    Mentor Avenue Multi-Use Property

    Spacious building, updated interior, ample parking.

    8751 Mentor Ave, Mentor, OH 44060
    View details

    For Lease (1)

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    Office Space in Clocktower Landing
    $1,400 / Mo
    80,150 SF

    Office Space in Clocktower Landing

    Office space for lease in a desirable location.

    470 Portage Lakes Dr, Akron, OH 44319
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    McDowell Homes Real Estate Services
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