Air-Conditioned Manufacturing
New
For Sale
Contact for pricing
7355 Production Dr, Mentor, OH 44060
Industrial facility with integrated office space, production support systems, and direct access to major regional routes.
Property Size14,266 SF
Lot Size3.18 Acres
Price / SF$94.63
Days on Market4
Property Features for 7355 Production Dr
General Information
Standard status
Active
Size
14,266 SF
Lot size
3.18 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Office Build-Out
2,366 SF
Dock-High Doors
1
Drive-In Doors
1
Power
400 amps
Voltage
600 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
14,266 SF
Listing Agency:
Global Real Estate Advisors
(440) 255-5552
Listed By:
Neil Sawicki, SIOR, Broker
(440) 339-8585
Source:
Moodyscre
Added: Sep 10
Changed: Sep 13
Last Checked: Sep 13 at 3:03PM
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 Global Real Estate Advisors
Investment Insights
Based on property information with market context.
This manufacturing property includes approximately 14,266 SF of industrial space and 2,366 SF of office area across a 3.18-acre site. The warehouse and offices are air-conditioned, with metal halide lighting, an air compressor system, and distribution lines serving the facility. Loading is supported by one 10’ x 10’ dock and one 12’ x 12’ drive-in door. Electrical service consists of 400 Amp, 600 Volts, 3-Phase power.
The property is positioned just off Tyler Blvd between SR 306 and SR 615. Regional connectivity includes access to SR 2, SR 44, and Interstate 90. The site also offers expansion possibilities, subject to applicable approvals and site conditions.
The property is positioned just off Tyler Blvd between SR 306 and SR 615. Regional connectivity includes access to SR 2, SR 44, and Interstate 90. The site also offers expansion possibilities, subject to applicable approvals and site conditions.
Key Highlights
- 14,266± SF industrial/manufacturing facility on 3.18± Acres
- 2,366± SF of office space within the facility
- Air‑conditioned warehouse and office areas with metal halide lighting
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,678
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,333,560
$1.3M
Cap Rate 7%
$952,543
$952.5K
Cap Rate 9%
$740,867
$740.9K
Market Conditions
NOI Build-Up for 14,266 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$81.5K $5.71/SF
− Vacancy
−$3.0K −$0.21/SF
EGI
$78.4K $5.50/SF
− OpEx
−$11.8K −$0.82/SF
NOI
$66.7K $4.67/SF
Area
Lake County, OH
Vacancy
3.70%
Lease Rate
$5.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,333,560
Cap Rate 7%
$952,543
Cap Rate 9%
$740,867
Alternative Uses
Best Use
Warehouse
$952.5K
$833.5K – $1.11M
NOI $66,678 @ 7.0% cap · market cap 4.94%
Second Best
Industrial
$784.4K
$686.4K – $915.2K
NOI $54,911 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,645 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
Demographics for 44060, OH
60,360
Population
27,276
Households
2.2
Avg Household Size
47
Median Age
35%
College-Educated
96%
High-School Grad
39.9 sq mi
ZIP Area
1,513
Density / Sq Mi
$85,881
Median Household Income
$51,736
Median Earnings
$1,156
Median Rent
$227,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with integrated office space, production support systems, and direct access to major regional routes.
Where is this manufacturing property located?
The property is located at 7355 Production Dr Mentor, OH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 14,266± SF industrial/manufacturing facility on 3.18± Acres; 2,366± SF of office space within the facility; Air‑conditioned warehouse and office areas with metal halide lighting
