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

    Lindsay Dr Mentor, OH 44060

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.51-acre commercial lot, prime location.

    Property Features for 0 Lindsay Dr

    General Information

    Property type
    Land
    Lot Size
    65,776 SF

    We can help!

    Listing Contact
    Fred Herrera

    Listing Agency: CBRE Cleveland Listing Agent: Fred Herrera

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.51-acre commercial land parcel presents a rare opportunity in Mentor, Ohio. Located in Lake County (APN: 16B038D000010), this property is zoned MIP, Industrial Park, making it ideal for a variety of industrial uses. The lot boasts convenient access, situated just off Route 2 at the Route 615/Center Street exit, providing excellent visibility and easy access to major transportation routes. All utilities are readily available at the street, simplifying development and construction. Annual real estate taxes are $3,330.14. This is the last industrial parcel of this size available in Mentor, making it a highly sought-after investment. The property's strategic location offers access to a wealth of amenities in the immediate area, enhancing its overall appeal and potential. With a motivated seller and an asking price of $200,000, this is a compelling opportunity to acquire a prime piece of commercial land in a thriving Ohio market. Don't miss this chance to secure this valuable asset.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.3414046
    Latitude
    41.6802295

    Nearby Similar for Sale

    • New
      $295,000
      0.28 Acres

      Renovated Commercial Property on Mentor Avenue

      High-visibility, fully renovated commercial property on a busy retail corridor.
      7496 Mentor Ave, Mentor, OH 44060
      View Details
    • $299,000
      2,000 SF

      Turnkey Restaurant Opportunity in Mentor

      Freestanding building with patio, equipment, and parking included.
      7224 Center St, Mentor, OH 44060
      View Details
    • $575,000
      2.05 Acres

      Historical Retail Property in Mentor

      5,159 SF retail property with outdoor space for sale/lease.
      8455 Station St, Mentor, OH 44060
      View Details
    • New
      $425,000
      2,869 SF

      Remodeled Duplex on Large Lot

      Remodeled duplex with in-unit laundry and large yard.
      8796 Evergreen Dr, Mentor, OH 44060
      View Details
    • New
      $399,999
      0.44 Acres

      Charming Historic Mentor Duplex

      Well-maintained duplex with potential for triplex conversion in Mentor, OH.
      7224 Burridge Ave, Mentor, OH 44060
      View Details
    • $990,000
      7,765 SF

      Freestanding Building with Vacant Land

      7,745 SF building on 1.95 acres with expansion potential.
      8405 Munson Rd, Mentor, OH 44060
      View Details
    • $689,000
      1,788 SF

      Freestanding Building on Mentor Avenue

      1,788 SF building with drive-thru and ample parking.
      7652 Mentor Ave, 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
    • Contact for pricing
      3,335 SF

      Established Medical Practice For Sale

      Medical practice with equipment and staff on high-traffic street.
      7439 Tyler Blvd, Mentor, OH 44060
      View Details
    • $575,000

      Historical Retail Property with Outdoor Space

      Full-service restaurant, event/party center, and bar with large outdoor area.
      8455 Station St, Mentor, OH 44060
      View Details
    • Contact for pricing
      1,407 SF

      Second-Story Office Condominium For Sale

      1,407 SF office condo with private offices, move-in ready.
      9930 Johnnycake Rdg Rd, Mentor, OH
      View Details
    • Contact for pricing
      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?
    Land - 1.51-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Lindsay Dr Mentor, OH.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 1.51-acre land parcel.; Property PIN: 16b038d000010, Lake County.; Mip/Industrial Park zoning.
    (216) 363-6408 Call to check price and availability
    Request Owner's contact information
    Lindsay Dr Mentor, OH 44060
    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.
    Lindsay Dr
    Mentor, OH 44060
    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
    Lindsay Dr Mentor, OH 44060
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Fred Herrera
    Real Estate License ID: 345937
    (216) 363-6408 (216) 687-1800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!