Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7900 Plaza Blvd Mentor, OH 44060

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available near the super-regional Great Lakes Mall.

    Property size:
    10,095 SF
    Lot size:
    8.16 Acres

    Property Features for 7900 Plaza Blvd

    General Information

    Size
    10,095 SF
    Lot size
    8.16 Acres

    We can help!

    Listing Contact
    Seth Marks
    Seth Marks
    Source: Moodyscre

    Listing Agency: Goodman Real Estate Listing Agent: Seth Marks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space Near Great Lakes Mall

    Located on Plaza Boulevard adjacent to the super-regional Great Lakes Mall, this property offers several retail spaces for rent. Mentor's business environment includes biomedical, aerospace, and polymer clusters, complementing its advanced manufacturing base. The location is home to over 1,700 companies with more than 59,000 employees. Available spaces include a 3,100 square-foot unit, a 4,200 square-foot unit, a 10,095 square-foot space formerly occupied by a shoe store, and a 69,490 square-foot space formerly occupied by a grocery store. The property is located near At Home, Burlington, JOANN, Michaels, Petitti Garden Center, and Chuck E. Cheese. The centers are connected but are separate properties with different restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

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

    Similar Places Nearby

    Erie Commons, Super Fun Center Bungy Jump, A Natural Glow, Great Lakes Mall, Points East Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.3667274
    Latitude
    41.6560935

    Nearby Similar for Lease

    • $1.00 SF/Yr
      49,658 SF

      Prime Retail Corner in Mentor

      High-visibility retail space with drive-through potential and outdoor seating.
      7474 Mentor Ave, Mentor, OH 44060
      View Details
    • $14 SF/Yr
      1,425 SF

      Retail Space in Mentor, OH

      Retail space available in a developed retail market.
      9676 Mentor Ave, Mentor, OH
      View Details
    • $2,085 /Mo

      High-Traffic Retail/Office Space Available

      Retail and office spaces available in high-traffic Mentor location.
      7139 Hopkins Rd, Mentor, OH 44060
      View Details
    • $10 SF/Yr
      1,320 SF

      Retail Space on Mentor Avenue

      Retail space available in high-traffic Mentor Avenue location.
      7741-7747 Mentor Ave, Mentor, OH
      View Details
    • $8 SF/Yr
      2,967 SF

      Flex Building Office Space Available

      2,967 SF office space in a multi-tenant flex building.
      6109 Heisley Rd, Mentor, OH 44060
      View Details
    • $5 SF/Yr
      9,734 SF

      Versatile Flex Space in Mentor

      Modern flex space suitable for office, warehouse, distribution, or showroom.
      8020 Tyler Blvd, Mentor, OH 44060
      View Details
    • Contact for pricing

      Well-Maintained Office Building For Rent

      Two-story office building with ample parking and customizable floor plans.
      8224 Mentor Ave, Mentor, OH 44060
      View Details
    • Contact for pricing
      1,200 SF

      Retail Pad Site Available

      Retail spaces available in Mentor's central retail corridor.
      8900-8920 Mentor Ave, Mentor, OH
      View Details
    • Contact for pricing
      7,133 SF

      Mentor Retail Space Available

      Retail property available for lease in Mentor, Ohio.
      7333 Lakeshore Blvd, Mentor, OH 44060
      View Details
    • $10 SF/Yr
      7,500 SF

      Industrial Space in Mentor, Ohio

      7,500 SF of versatile commercial space for lease.
      7154 Industrial Park Blvd, Mentor, OH 44060
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 1,500 square feet.
      8764 Mentor Ave, Mentor, OH 44060
      View Details
    • Contact for pricing
      2,700 SF

      Mentor Retail Space Available

      Retail space available for lease in Mentor, Ohio.
      9201 Mentor Ave, Mentor, OH 44060
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available near the super-regional Great Lakes Mall.
    Where is this shopping center located?
    The property is located at 7900 Plaza Blvd Mentor, OH.
    What are key features of this property?
    This property features: - Located adjacent to the Great Lakes Mall.; - Join established retailers: At Home, Burlington, JOANN, Michaels, Petitti Garden Center, and Chuck E. Cheese.; - **Large 69,490 SF space available (former grocery store).**
    (216) 381-8200 Call to check price and availability
    Request Owner's contact information
    7900 Plaza Blvd Mentor, OH 44060
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7900 Plaza Blvd
    Mentor, OH 44060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7900 Plaza Blvd Mentor, OH 44060
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Seth Marks
    Seth Marks
    Real Estate License ID: OH SAL.2014002191
    (216) 381-8200 (330) 612-4249
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!