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    McDowell Homes Real Estate Services

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

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    Property Types

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

    Listings

    For Sale (20)

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    Duplex with Updated Vinyl Windows
    $95,000
    0.08 Acres

    Duplex with Updated Vinyl Windows

    Duplex with mechanically sound systems and updated vinyl windows, offering an investor-ready layout for cosmetic upgrades.

    13821 Deise Ave, Cleveland, OH 44110
    View details
    Updated Income-Producing Triplex in Cleveland
    $150,000
    0.06 Acres

    Updated Income-Producing Triplex in Cleveland

    Cleveland triplex with strong rental demand near major employers.

    4106 Lee Rd, Cleveland, OH 44128
    View details
    Large Cleveland Duplex Opportunity
    $65,000
    1,632 SF

    Large Cleveland Duplex Opportunity

    Five-bedroom duplex in Cleveland with income potential.

    4150 E 142Nd St, Cleveland, OH 44128
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    Little Italy Quadruplex For Sale
    $450,000
    3,170 SF

    Little Italy Quadruplex For Sale

    Fully occupied quadruplex in Little Italy generating $3,830 monthly.

    1949 Coltman Rd, Cleveland, OH 44106
    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
    View details
    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
    Five-Bedroom Triplex in Cleveland, OH
    $75,000
    1,860 SF

    Five-Bedroom Triplex in Cleveland, OH

    Triplex with income potential in Cleveland, Ohio.

    13504 Ashburton Ave, Cleveland, OH 44110
    View details
    Cleveland Duplex with Income Potential
    $75,000
    1,399 SF

    Cleveland Duplex with Income Potential

    Two-unit property in Cleveland, Ohio, with potential rental income.

    3658 E 55Th St, Cleveland, OH 44105
    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
    View details
    Wickliffe Commercial Property For Sale
    $245,000
    0.18 Acres

    Wickliffe Commercial Property For Sale

    Commercial property in Wickliffe, Ohio, with general business zoning.

    28864 Euclid Ave, Wickliffe, OH 44092
    View details
    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
    Duplex in Old Brooklyn
    $129,900
    1,360 SF

    Duplex in Old Brooklyn

    Well-maintained duplex in Old Brooklyn with income potential.

    3009 Cypress Ave, Cleveland, OH 44109
    View details
    MULTI_FAMILY - Cleveland, OH
    $75,000
    2,210 SF

    MULTI_FAMILY - Cleveland, OH

    Duplexes

    10022 Adams Ave, Cleveland, OH 44108
    View details
    MULTI_FAMILY - Cleveland, OH
    $75,000
    2,256 SF

    MULTI_FAMILY - Cleveland, OH

    Duplexes

    6732 Edna Ave, Cleveland, OH 44103
    View details
    Two-Unit Duplex with Two 2BR Units
    $75,000
    2,225 SF

    Two-Unit Duplex with Two 2BR Units

    Duplex offers two two-bedroom, one-bath units with an occupied first-floor layout and a second unit ready for updates.

    3123 E 94Th St, Cleveland, OH 44104
    View details
    Garfield Heights Duplex Opportunity
    $115,000
    2,381 SF

    Garfield Heights Duplex Opportunity

    Brick duplex with equity-building potential in Garfield Heights, Ohio.

    4697 E 85Th St, Garfield Heights, OH 44125
    View details
    Cleveland Quadruplex in Little Italy
    $450,000
    3,336 SF

    Cleveland Quadruplex in Little Italy

    Fully occupied quadruplex in Little Italy generating $4,200 monthly.

    1947 Coltman Rd, Cleveland, OH 44106
    View details
    Five-Bedroom Triplex Near Forest Hills
    $150,000
    3,335 SF

    Five-Bedroom Triplex Near Forest Hills

    Triplex with three units, garages, and private entrances.

    957 Thornhill Dr, Cleveland, OH 44108
    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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