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    8310 - 8358 Tyler Boulevard Mentor, OH 44060

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    For Lease
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    Retail and office suites available, ranging from 200 to 6,620 sq. ft.

    Type:Retail, Office
    Property size:
    6,620 SF
    Added:
    Nov 20, 2018
    Days on Market:
    2709
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 8310 - 8358 Tyler Boulevard

    General Information

    Standard status
    Active
    Size
    6,620 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1998

    Spaces For Lease

    at 8310 - 8358 Tyler Boulevard Contact us

    8338 Tyler Blvd $600 /Mo

    Size
    200 SF
    Type
    Office
    200± SF Second Floor SuitentTwo (2) Offices within UnitntPlenty of Window Space
    Contact us

    8340 Tyler Blvd $1,200 /Mo

    Size
    975 SF
    Type
    Office
    975± SF Second Floor SuitenThree (3) Offices within UnitnLarge 19’x12’ Conference...
    show more
    Contact us

    8342 Tyler Blvd $1,200 /Mo

    Size
    926 SF
    Type
    Office
    926± SF Second Floor SuitentLarge 22’ x 15’ UnitntWill Build to SuitentAllowance...
    show more
    Contact us

    8344 Tyler Blvd $1,200 /Mo

    Size
    913 SF
    Type
    Retail, Office
    913± SF Second Floor Suitent2 Large RoomsntWindow SpacentSpace can be Combined with...
    show more
    Contact us

    We can help!

    Listing Contact
    Neil Sawicki

    Listing agent Neil Sawicki License #OH BRKP.2004001745

    Listing office Global Real Estate Advisors Inc

    Listing date Nov 20, 2018

    Source Crexi

    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 Inc

    Overview

    Mentor Retail and Office Suites

    Suites are available for rent, suitable for retail or office use. The available spaces range in size from 200 sq. ft. to 6,620 sq. ft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.3431175
    Latitude
    41.6824617

    Nearby Similar for Lease

    • Contact for pricing

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      Mentor Office Suites Available

      Office suites for lease with ample parking and convenient access.
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      Northgate Plaza Retail Space Available

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      Retail Space on Mentor Avenue

      Retail space available in high-traffic Mentor Avenue location.
      7741-7747 Mentor Ave, Mentor, OH
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      Freestanding Retail Building with Drive-Thru

      1,788 SF retail building with drive-thru near Great Lakes Mall.
      7652 Mentor Avenue, Mentor, OH, 44060
      View Details
    • $7/mo

      Warehouse Space in Mentor, Ohio

      8,600 SF warehouse space available for sublease until 2026.
      7640 Tyler Blvd, Mentor, OH 44060
      View Details
    • Contact for pricing

      Flex Space with Drive-In Door

      Flex space with convenient location and renovations coming soon!
      8762-8774 Tyler Blvd, Mentor, OH
      View Details
    • $14/mo

      Retail Space in Mentor, OH

      Retail space available in a developed retail market.
      9676 Mentor Avenue, Mentor, OH
      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

    FAQs

    What type of property is this?
    Retail space - Retail and office suites available, ranging from 200 to 6,620 sq. ft.
    Where is this retail space located?
    The property is located at 8310 - 8358 Tyler Boulevard Mentor, OH.
    What are key features of this property?
    This property features: Suites available.; Retail property type.; Size range: **200 sq. ft. - 6,620 sq. ft.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Neil Sawicki
    Real Estate License ID: OH BRKP.2004001745
    Learn More
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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
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