Multi-Tenant Industrial
For Sale
Contact for pricing
8760 Tyler Boulevard, Mentor, OH 44060
Industrial property configured for multiple occupants and established in 1995.
Property Size26,900 SF
Price / SF$63.20
Days on Market126
Property Features for 8760 Tyler Boulevard
General Information
Standard status
Active
Size
26,900 SF
Property subtype
Industrial
Occupancy
77%
Investment Type
Value Add
Net Operating Income
$68,257
Building Details
Year Built
1995
Units
18
Tenancy
Multi
Building Size
26,900 SF
Listing Agency:
Cushman & Wakefield | CRESCO Real Estate
Listed By:
Max Ferguson · License #SAL.2024001884
Source:
Crexi
Added: Apr 30
Changed: Sep 2
Last Checked: Sep 1 at 8:51AM
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 Cushman & Wakefield | CRESCO Real Estate
Investment Insights
Based on property information with market context.
This multi-tenant industrial facility contains 26,900 SF across a configuration designed for multiple occupants. Constructed in 1995, the property represents an established industrial asset rather than newly developed space.
The facility is located at 8760 Tyler Boulevard in Mentor, Ohio, within the property’s stated industrial setting. Its multi-tenant format provides a defined commercial configuration for industrial occupancy.
The facility is located at 8760 Tyler Boulevard in Mentor, Ohio, within the property’s stated industrial setting. Its multi-tenant format provides a defined commercial configuration for industrial occupancy.
Key Highlights
- 26,900 SF industrial facility
- Multi‑tenant configuration
- Constructed in 1995
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
$103,541
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
6.09%
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%
$2,070,820
$2.1M
Cap Rate 7%
$1,479,157
$1.5M
Cap Rate 9%
$1,150,456
$1.2M
Market Conditions
NOI Build-Up for 26,900 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
$153.6K $5.71/SF
− Vacancy
−$5.7K −$0.21/SF
EGI
$147.9K $5.50/SF
− OpEx
−$44.4K −$1.65/SF
NOI
$103.5K $3.85/SF
Area
Lake County, OH
Vacancy
3.70%
Lease Rate
$5.71 /SF/Yr
Expense Ratio
30.00%
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%
$2,070,820
Cap Rate 7%
$1,479,157
Cap Rate 9%
$1,150,456
Alternative Uses
Best Use
Industrial
$1.48M
$1.29M – $1.73M
NOI $103,541 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.21M
$5.44M – $7.25M
NOI $434,905 @ 7.0% cap · market cap 25.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
485
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property configured for multiple occupants and established in 1995.
Where is this industrial property located?
The property is located at 8760 Tyler Boulevard Mentor, OH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 26,900 SF industrial facility; Multi‑tenant configuration; Constructed in 1995
