8405 Munson Rd, Mentor, OH
7,745 SF building on 1.95 acres with expansion potential.
- Added:
- Jan 17, 2025
- Days on Market:
- 520
- Last Refresh:
- May 20 at 9:13 pm
Property Features for 8405 Munson Rd
General Information
- Standard status
- Active
- Size
- 7,765 SF
- Lot size
- 1.95 Acres
- Property subtype
- RETAIL
Listing agent Bob Gross License #SAL.0000311334
Listing office JLL | Cleveland (216) 861-7171
Listing date Jan 17, 2025
Source Moodyscre
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 JLL | Cleveland
HighLights
- 7,745 SF move‑in ready freestanding building.
- 1.95 acres including vacant land for expansion.
- 50+ free surface parking spots.
- Convenient location just off Center Street.
- Freestanding building.
- Move‑in ready condition.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.0k | $14.04 |
| − Vacancy | −$5.0k | −$0.65 |
| EGI | $104.0k | $13.39 |
| − OpEx | −$31.2k | −$4.02 |
| NOI | $72.8k | $9.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mentor
- County
- Lake
- State
- Ohio
- Longitude
- -81.3386
- Latitude
- 41.7
