Fully Occupied Flex
For Sale
Contact for pricing
9360-9378 Hamilton Dr, Mentor, OH 44060
Flex property with all space occupied and established tenant operations.
Property Size15,540 SF
Price / SF$59.85
Days on Market54
Property Features for 9360-9378 Hamilton Dr
General Information
Standard status
Active
Size
15,540 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
Gross
Building Details
Year Built
1992
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Caleb Ogan · License #OH 2022005346
Source:
Crexi
Added: Aug 24
Changed: Oct 11
Last Checked: Oct 14 at 11:46PM
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 Matthews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains 15,540 square feet and was constructed in 1992. The building is fully occupied, providing an established operating profile for an owner evaluating the asset.
Located at 9360-9378 Hamilton Dr in Mentor, Ohio, the property is identified as flex space and is offered for sale.
Located at 9360-9378 Hamilton Dr in Mentor, Ohio, the property is identified as flex space and is offered for sale.
Key Highlights
- 15,540 square feet of flex space
- 100% occupied
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,633
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,452,660
$1.5M
Cap Rate 7%
$1,037,614
$1.0M
Cap Rate 9%
$807,033
$807.0K
Market Conditions
NOI Build-Up for 15,540 SF
Gross rent
$88.7K $5.71/SF
− Vacancy
−$3.3K −$0.21/SF
EGI
$85.5K $5.50/SF
− OpEx
−$12.8K −$0.82/SF
NOI
$72.6K $4.67/SF
Area
Lake County, OH
Vacancy
3.70%
Lease Rate
$5.71 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,452,660
Cap Rate 7%
$1,037,614
Cap Rate 9%
$807,033
Alternative Uses
Best Use
Warehouse
$1.04M
$907.9K – $1.21M
NOI $72,633 @ 7.0% cap · market cap 7.81%
Second Best
Industrial
$854.5K
$747.7K – $996.9K
NOI $59,815 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,242 @ 7.0% cap · market cap 27.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
235
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flex property with all space occupied and established tenant operations.
Where is this flex space located?
The property is located at 9360-9378 Hamilton Dr Mentor, OH.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: 15,540 square feet of flex space; 100% occupied; Built in 1992
