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    The Largest CRE Database in the US with Over 1 Million Listings

    8796 Evergreen Dr, Unit 8794 Mentor, OH 44060

    Sponsored
    For Sale
    $425,000

    MULTI_FAMILY - Ranch - Mentor, OH

    Type:Single Family Residence
    Property size:
    2,869 SF
    Lot size:
    1.00 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 27 at 5:06 pm

    Property Features for 8796 Evergreen Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Laundry Room, Bathroom 1, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 2, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 6
    Bedrooms
    7
    Bathrooms
    5
    APN
    16-A-017-A-00-014-0
    Patio and Porch features
    Patio
    Interior features
    CeilingFans, GraniteCounters, KitchenIsland, OpenFloorplan
    Exterior features
    PrivateYard
    Appliances
    Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    2,869 SF
    Lot size
    1.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1960
    Floors in Building
    1
    Building materials
    Stone, VinylSiding
    Roof type
    Fiberglass, Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Erin Sikora
    Erin Sikora

    RE/MAX Results (440) 354-3334

    Listing agent Erin Sikora (440) 479-5999 License #2023006313

    Listing date Feb 27, 2026

    MLS# 5189428 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Duplex on Large Lot

    This remodeled duplex in Mentor presents a rare ownership opportunity. Unit 8796 features 4 bedrooms, 2 full baths, and 1 half bath, while Unit 8794 has 3 bedrooms and 1 bath. The property has new vinyl siding, exterior lighting, and an asphalt driveway. Remodeling was completed in 2023 and included HVAC, HWT, windows, paint, and flooring. The duplex offers 2,869 square feet of finished space, including in-unit laundry facilities and one garage unit. The 1.0045-acre lot features a grass yard, stone patio, and a shed for yard equipment, providing ample space for outdoor activities. The duplex can be modified into a single-family home with a 2-car garage. Unit 1 includes a 15x14 living room, 20x14 family room, 12x12 kitchen, and a 14x15 master bedroom, with additional bedrooms measuring 12x11, 12x9, and 12x9. Unit 2 features a 15x13 living room, 10x9 kitchen, 13x11 master bedroom, and additional bedrooms measuring 12x11 and 11x9.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Real Estate Agency Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.325229
    Latitude
    41.668209

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    FAQs

    What type of property is this?
    Duplex - Remodeled duplex with in-unit laundry and large yard.
    Where is this duplex located?
    The property is located at 8796 Evergreen Dr, Unit 8794 Mentor, OH.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Fully remodeled duplex in 2023 with new vinyl siding, exterior lighting, asphalt driveway, HVAC, HWT, windows, paint, and flooring.; - Unit 1 features 4 bedrooms, 2 full and 1 half bath; Unit 2 has 3 bedrooms and 1 bath.; - Large 1-acre lot with grass, stone patio, and shed.
    (440) 479-5999
    Request Owner's contact information
    8796 Evergreen Dr, Unit 8794 Mentor, OH 44060
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    Mentor, OH 44060
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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
    8796 Evergreen Dr, Unit 8794 Mentor, OH 44060
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    We can help!
    Listing Contact
    Erin Sikora
    Erin Sikora
    Real Estate License ID: 2023006313
    (440) 479-5999
    Learn more
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