Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unique Spa and Wellness Opportunity Title is generated by Realmo AI

    9124-9146 Tyler Blvd, Mentor, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Turnkey spa and wellness business with real estate for sale.

    Type:SPECIALTY
    Property size:
    3,880 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $173/SF
    Added:
    Aug 15, 2025
    Days on Market:
    275
    Last Refresh:
    Apr 5 at 8:20 pm

    Property Features for 9124-9146 Tyler Blvd

    General Information

    Standard status
    Active
    Size
    3,880 SF
    Lot size
    0.54 Acres
    Property subtype
    SPECIALTY

    We can help!

    Listing Contact
    Neil Sawicki, SIOR, Broker

    Listing agent Neil Sawicki, SIOR, Broker

    Listing office Global Real Estate Advisors

    Listing date Aug 15, 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 Global Real Estate Advisors

    HighLights

    • Unique Himalayan salt cave and spa business opportunity with a full turnkey operation, including equipment and real estate.
    • Features a Himalayan salt cave (capacity of 9 people, 14,000 lbs of salt) offering potential health benefits.
    • Includes two float pods for muscle aches, joint aches, arthritis, PTSD, depression, addiction issues, cardio vascular disease, lowers blood pressure, increased immune system, inflammation, pain relief during pregnancy, improves sleep, improves quality of skin/detoxification and many more.
    • Equipped with glass and cedar salt booths, aqua massage spa, cocoon infrared fitness pod, and infrared sauna booth.
    • Offers a cold plunge and infrared sauna combination for immune support, stress relief, pain relief, better sleep, elevated energy and momentum recovery & performance.
    • Comprises two condominium units totaling 3,880± SF with ample parking and easy access to major routes.

    Overview

    Two condominium units, totaling 3,880 square feet, are available. The property is located on Tyler Boulevard, west of Heisley Road and east of Hopkins Road, providing easy access to Route 2, State Route 615, and Heisley Road. The location is just minutes from Concord, Willoughby, Eastlake, Painesville, and Chardon. The property features a Himalayan cave that can accommodate up to nine people and contains 14,000 pounds of salt. Glass and cedar salt booths are also present, with the glass booth holding two people and the cedar booth holding four to five people. An aqua massage spa is available, along with a cocoon infrared fitness pod and an infrared sauna booth that holds three people and maintains a temperature of 110-130 degrees Fahrenheit. Two float pods containing 10 inches of water and 1,000 pounds of magnesium salt are included. A cold plunge, with a temperature of 55-58 degrees Fahrenheit, and infrared sauna are also available. Ample parking is provided. This is a turnkey business opportunity, including equipment and real estate.
    Location Intelligence

    Current Use by Public Records

    Spa & wellness properties

    Suggested Use

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

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

    Similar Places Nearby

    • The Himalayan Cave — 9130 Tyler Blvd, Mentor, OH 44060

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.3119
    Latitude
    41.7004

    Nearby Similar for Sale

    • $849,000
      10,200 SF

      Flex/Warehouse Building in Mentor, OH

      Flex/warehouse building with office and warehouse space for sale.
      9436 Hamilton Drive, Mentor, OH 44060
      View Details
    • $575,000

      Historical Retail Property in Mentor

      5,159 SF retail property with outdoor space for sale/lease.
      8455 Station Street, Mentor, OH 44060
      View Details
    • $399,999

      Charming Historic Mentor Duplex

      Well-maintained duplex with potential for triplex conversion in Mentor, OH.
      7224 Burridge Avenue, Mentor, OH 44060
      View Details
    • $849,000
      10,200 SF

      Flex/Warehouse Building with Office Space

      10,200 SF flex/warehouse building with office and rental units.
      9436 Hamilton Drive, Mentor, OH 44060
      View Details
    • $899,000
      2,992 SF

      Restaurant/Bar/Retail Site For Sale

      Restaurant, bar, and retail site with renovated space and outdoor patio.
      9528 Diamond Centre Dr, Mentor, OH
      View Details
    • $1,400,000
      4,745 SF

      Former Day Care on Mentor

      4,745 SF former day care on 0.64 AC lot.
      9055 Mentor Ave, Mentor, OH
      View Details
    • $575,000
      5,159 SF

      Mentor Retail & Restaurant Opportunity

      Established restaurant, event center, and bar with liquor license.
      8455 Station St, Mentor, OH 44060
      View Details
    • $1,500,000
      14,415 SF

      14,000 SF Flex Space Building

      14,000 SF flex building with leased units for sale.
      7686 Saint Clair Ave, Mentor, OH
      View Details
    • $900,000
      6,000 SF

      Mentor Investment Property For Sale

      6,000 SF building with long-term daycare tenant in place.
      6970 Heisley Rd, Mentor, OH 44060
      View Details
    • $345,240
      11,508 SF

      Tyler Blvd Flex/Warehouse Opportunity

      Office and warehouse space available on Tyler Blvd.
      8822 Tyler Blvd, Mentor, OH
      View Details
    • $133,665
      1,407 SF

      Second-Story Office Condominium For Sale

      1,407 SF office condo with private offices, move-in ready.
      9930 Johnnycake Ridge Rd, Mentor, OH
      View Details
    • $1,800,000
      7,500 SF

      Surgical Center and Medical Offices

      Surgical center and medical offices with multiple exam rooms.
      9002 Mentor Ave, Mentor, OH
      View Details

    FAQs

    What type of property is this?
    Spa & wellness property - Turnkey spa and wellness business with real estate for sale.
    Where is this spa & wellness property located?
    The property is located at 9124-9146 Tyler Blvd Mentor, OH.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Unique Himalayan salt cave and spa business opportunity with a full turnkey operation, including equipment and real estate.; Features a Himalayan salt cave (capacity of 9 people, 14,000 lbs of salt) offering potential health benefits.; Includes two float pods for muscle aches, joint aches, arthritis, PTSD, depression, addiction issues, cardio vascular disease, lowers blood pressure, increased immune system, inflammation, pain relief during pregnancy, improves sleep, improves quality of skin/detoxification and many more.
    (440) 339-8585 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Neil Sawicki, SIOR, Broker
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    9124-9146 Tyler Blvd, Mentor, OH
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!