Add Listing
    For Lease
    • 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

    9500 Diamond Centre Dr Mentor, OH 44060

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

    Prime retail space, high traffic area, Ohio.

    Lot size:
    16,168 SF

    Property Features for 9500 Diamond Centre Dr

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,168 SF

    Spaces For Lease

    at 9500 Diamond Centre Dr, Mentor, OH 44060 Contact us

    We can help!

    Listing Contact
    Tom Grasso
    Tom Grasso

    Listing Agency: Hanna Commercial Real Estate | Cleveland Listing Agent: Tom Grasso

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

    Learn more

    Property Insight Report

    Overview

    Trask Tower offers exceptional retail opportunities in Mentor, Ohio. This multi-tenant building, located at 9500 Diamond Centre Dr, boasts a total of 16,168 square feet. Currently, two spaces are available, ranging from 1,100 to 1,935 square feet, perfect for a variety of businesses. The property enjoys excellent street-front visibility, ensuring high exposure to potential customers. Its strategic location near the intersection of Heisley Road and Diamond Centre Drive places it in a high-traffic area, benefiting from the substantial foot and vehicle traffic generated by nearby businesses such as Atlas Cinemas, Home Depot, and Sam's Club. The surrounding area also features a diverse mix of fast-food and full-service restaurants, creating a vibrant and convenient environment for both tenants and customers. Ample parking is available, ensuring easy access for patrons. This property presents a unique opportunity for businesses seeking a high-visibility location in a thriving commercial area within Lake County, Ohio, zip code 44060. The property is classified as retail and is categorized as multi-tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -81.298967
    Latitude
    41.7142587

    Nearby Similar for Lease

    • $1.00 SF/Yr
      49,658 SF

      Prime Retail Corner in Mentor

      High-visibility retail space with drive-through potential and outdoor seating.
      7474 Mentor Ave, Mentor, OH 44060
      View Details
    • $18 SF/Yr
      1,320 SF

      Retail Space on Mentor Avenue

      Retail space available in high-traffic Mentor Avenue location.
      7741-7747 Mentor Ave, Mentor, OH
      View Details
    • $16 SF/Yr
      1,865 SF

      Medical Office Space Available

      Medical office space featuring exam rooms and private office.
      9500 Mentor Ave, Mentor, OH
      View Details
    • $14 SF/Yr
      1,500 SF

      Retail Space in Mentor, OH

      Retail space available in a developed retail market.
      9676 Mentor Ave, Mentor, OH
      View Details
    • $2,085 /Mo

      High-Traffic Retail/Office Space Available

      Retail and office spaces available in high-traffic Mentor location.
      7139 Hopkins Rd, Mentor, OH 44060
      View Details
    • $5 SF/Yr
      19,968 SF

      Office/Warehouse/Showroom Space in Mentor, OH

      Versatile space in amenity-rich Mentor, OH with freeway visibility.
      8000-8020 Tyler Blvd, Mentor, OH 44060
      View Details
    • Contact for pricing
      1,200 SF

      Retail Pad Site Available

      Retail spaces available in Mentor's central retail corridor.
      8900-8920 Mentor Ave, Mentor, OH
      View Details
    • Contact for pricing
      2,700 SF

      Mentor Avenue Retail Spaces Available

      Retail spaces for lease near Meijer, Staples, and Walmart.
      9201 Mentor Ave, Mentor, OH
      View Details
    • $10 SF/Yr
      7,500 SF

      Industrial Space in Mentor, Ohio

      7,500 SF of versatile commercial space for lease.
      7154 Industrial Park Blvd, Mentor, OH 44060
      View Details
    • $7 SF/Yr
      8,600 SF

      Warehouse Space in Mentor, Ohio

      8,600 SF warehouse space with office, sublease through 2026.
      7620-7640 Tyler Blvd, Mentor, OH 44060
      View Details
    • Contact for pricing
      25,263 SF

      Well-Maintained Office Building For Rent

      Two-story office building with ample parking and customizable floor plans.
      8224 Mentor Ave, Mentor, OH 44060
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Mentor Avenue

      Retail space available at a lit intersection.
      7411-7413 Mentor Ave, Mentor, OH
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime retail space, high traffic area, Ohio.
    Where is this retail property located?
    The property is located at 9500 Diamond Centre Dr Mentor, OH.
    (216) 861-5429 Call to check price and availability
    Request Owner's contact information
    9500 Diamond Centre 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.
    9500 Diamond Centre 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
    9500 Diamond Centre 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 Tom Grasso
    Tom Grasso
    Real Estate License ID: SAL.2015000466
    (216) 861-5429 (440) 668-1242 (216) 861-7200
    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!