Office Building with Vaulted
1100 Mentor Ave., Painesville, OH 44077
For Sale
Contact for pricing
Natural wood finishes, exposed post-and-beam construction, and extensive window glazing shape the interior.
Property Size4,600 SF
Price / SF$146.74
Days on Market15
Property Features for 1100 Mentor Ave.
General Information
Standard status
Size
Class
Property subtype
Additional Details
Property Use
Amenities
vaulted ceilings
natural wood finishes
Building Details
Buildings
Building Size
Construction
Listing Agency:
Sequoia Realty
Listed By:
Patrick Dowd · License OH SAL.2007000856
(216) 406-0476
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 3:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sequoia Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,600± SF office building features vaulted ceilings, natural wood finishes, exposed post-and-beam construction, and 20 windows that bring natural light into the space. Its architecture draws inspiration from Frank Lloyd Wright. The property is identified for professional, medical, financial, wellness, or specialty commercial use.
Key Highlights
- 4,600± SF office building
- Vaulted ceilings and exposed post‑and‑beam construction
- Natural wood finishes throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,261
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,220
$1.2M
Cap Rate 7%
$832,300
$832.3K
Cap Rate 9%
$647,344
$647.3K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$101.0K $21.96/SF
− Vacancy
−$23.3K −$5.07/SF
EGI
$77.7K $16.89/SF
− OpEx
−$19.4K −$4.22/SF
NOI
$58.3K $12.67/SF
Area
Lake County, OH
Vacancy
23.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,220
Cap Rate 7%
$832,300
Cap Rate 9%
$647,344
Alternative Uses
Best Use
Office B
$832.3K
$728.3K – $971.0K
NOI $58,261 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$929.6K – $1.24M
NOI $74,370 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 44077, OH
58,253
Population
24,928
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
91%
High-School Grad
60.5 sq mi
ZIP Area
963
Density / Sq Mi
$80,692
Median Household Income
$45,315
Median Earnings
$972
Median Rent
$217,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Natural wood finishes, exposed post-and-beam construction, and extensive window glazing shape the interior.
Where is this office building located?
The property is located at 1100 Mentor Ave. Painesville, OH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 4,600± SF office building; Vaulted ceilings and exposed post‑and‑beam construction; Natural wood finishes throughout
