Class A Flex Facility with Warehouse
For Sale
Contact for pricing
8959 Tyler Blvd, Mentor, OH 44060
Class A flex building combines mostly open office space with two warehouse bays and multiple loading doors.
Property Size37,000 SF
Price / SF$80.27
Days on Market67
Property Features for 8959 Tyler Blvd
General Information
Standard status
Active
Size
37,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
Sequoia Realty
(216) 406-0476
Listed By:
Patrick Dowd · License #SAL.2007000856
Source:
Moodyscre
Added: May 28
Changed: Jul 27
Last Checked: Jul 27 at 7:19PM
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 Sequoia Realty
Investment Insights
Based on property information with market context.
This 37,000± SF Class A facility in Mentor offers 26,000± SF of mostly open office space paired with 11,000± SF of industrial warehouse. The warehouse includes two bays totaling 11,000± SF, with clear heights of 18’ and 14’ across the respective bays. Loading is supported by one dock and three drive-in doors. The building is fully air conditioned and is wired for data and security.
The property is offered for sale at 8959 Tyler Blvd in Mentor, OH 44060. The existing configuration supports manufacturing, distribution, or corporate operations, with office and warehouse space under one roof.
The facility’s mix of mostly open office area and dual warehouse bays provides flexibility for users that need both administrative space and functional warehousing within the same building.
The property is offered for sale at 8959 Tyler Blvd in Mentor, OH 44060. The existing configuration supports manufacturing, distribution, or corporate operations, with office and warehouse space under one roof.
The facility’s mix of mostly open office area and dual warehouse bays provides flexibility for users that need both administrative space and functional warehousing within the same building.
Key Highlights
- 37,000± SF Class A flex facility in Mentor with 26,000± SF of mostly open office and 11,000± SF industrial warehouse
- Warehouse includes two bays: 5,000 SF at 18’ clear and 6,000 SF at 14’ clear
- Loading includes one dock and three drive‑in doors
Financial Insights For Warehouse
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 | $211.3k | $5.71 |
| − Vacancy | −$7.8k | −$0.21 |
| EGI | $203.5k | $5.50 |
| − OpEx | −$30.5k | −$0.82 |
| NOI | $172.9k | $4.67 |
37,000 SF · lease $5.71/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Office B
$6.69M
$5.86M – $7.81M
NOI $468,621 @ 7.0% cap · market cap 15.78%
Second Best
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,935 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$8.55M
$7.48M – $9.97M
NOI $598,196 @ 7.0% cap · market cap 20.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Balanced
Demand for This Use
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Class A flex building combines mostly open office space with two warehouse bays and multiple loading doors.
Where is this flex space located?
The property is located at 8959 Tyler Blvd Mentor, OH.
What is the asking price?
The asking price for this property is $2,970,000.
What are key features of this property?
This property features: 37,000± SF Class A flex facility in Mentor with 26,000± SF of mostly open office and 11,000± SF industrial warehouse; Warehouse includes two bays: 5,000 SF at 18’ clear and 6,000 SF at 14’ clear; Loading includes one dock and three drive‑in doors
