Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8366 Tyler Blvd Mentor, OH 44060

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    2.15 AC development site for sale.

    Type:Hospitality, Land, Mixed Use, Office, Retail
    Lot size:
    2.15 Acres
    Added:
    Sep 5, 2024
    Days on Market:
    574
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 8366 Tyler Blvd

    General Information

    Standard status
    Active
    Lot size
    2.15 Acres
    Property subtype
    Hospitality, Land, Mixed Use, Office, Retail

    We can help!

    Listing Contact
    Kevin Moss

    Listing agent Kevin Moss License #SAL.2015001299

    Listing office CBRE - Cleveland

    Listing date Sep 5, 2024

    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 CBRE - Cleveland

    Overview

    2.15 AC Development Site

    For sale is a 2.15-acre development site. The property is located across from the new City Market Development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -81.3422829
    Latitude
    41.6824812

    Nearby Similar for Sale

    • $295,000

      Renovated Commercial Property on Mentor Avenue

      High-visibility, fully renovated commercial property on a busy retail corridor.
      7496 Mentor, 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
    • $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
    • $425,000
      2,869 SF

      Remodeled Duplex on Large Lot

      Remodeled duplex with in-unit laundry and large yard.
      8796 Evergreen Drive unit: 8794, Mentor, OH 44060
      View Details
    • $299,000

      Turnkey Restaurant Opportunity in Mentor

      Freestanding building with patio, equipment, and parking included.
      7224 Center Street, Mentor, OH 44060
      View Details
    • $139,900

      Land For Sale - Mentor

      Prime lot with easy access to major routes.
      7440 CLOVER AVENUE, MENTOR, OH 44060
      View Details
    • $120,000

      Mentor, OH Vacant Land

      2.05 acre lot to build your dream home.
      Collins Road, Mentor, OH 44060
      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
    • $139,900

      Commercial Land in Mentor, OH

      Prime commercial lot with easy highway access in Mentor.
      7440 Clover Avenue, 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
    • $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
    • $750,000
      2 SF

      2.15 AC Development Site

      2.15 AC development site in Mentor, Ohio for sale.
      8366 Tyler Boulevard, Mentor, OH, 44060
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.15 AC development site for sale.
    Where is this commercial land located?
    The property is located at 8366 Tyler Blvd Mentor, OH.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 2.15 AC Development Site for sale; Across from the new City Market Development
    We can help!
    Listing Contact
    Kevin Moss
    Real Estate License ID: SAL.2015001299
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!