8300 Tyler Blvd Mentor, OH 44060
- Commercial real estate
- 23,440 SF
- 1.38 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 8300 Tyler Blvd
- Year built
- 1994
- Lot size
- 1.38 lot acres
- Property size
- 23,440 SF
- Property type
- Commercial real estate
- APN
- 16-B-039-C-00-036-0
- APU
- 16B039C000360
Description
This 6,232 square foot medical office building, located at 8300 Tyler Blvd in Lake County, is now leasing under new ownership. The single-story ground floor suite offers four separate entrances, providing excellent flexibility for multiple tenants or a single large practice. A build-out allowance is available for qualified tenants. The space features ADA-compliant restrooms and ample window space, creating a bright and welcoming environment. The building itself is fully ADA compliant, including elevators, and boasts ample parking. A newly installed traffic signal at the intersection improves access and visibility, particularly with its proximity to "The City Market" development. The property's strategic location offers easy access to State Route 615 (Center St), with convenient access drives onto Spinach Drive and Yellowbrook Road. Its high visibility from State Routes 2 and 615 ensures excellent exposure. The building sits on a 1.38-acre lot, is zoned B-2, and was built in 1994, with renovations completed in 2005. The property is conveniently located on the Laketran public transportation bus route and benefits from its position in a fast-growing area, across from a newly opened Starbucks. This Class C, three-story building presents a unique opportunity for medical professionals seeking a well-located, adaptable space. The property's APN is 16B039C000360. The space is divisible to accommodate various tenant needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,515,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,405,000
- 6.5%
- $1,375,000
- 7%
- $1,255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,260,000
- Geo Method
- $1,375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,505,000
- Retail
- $1,330,000
- Mixed-Use
- $1,570,000
- Hospitality
- $1,310,000
- Educational
- $1,215,000
- Residential Income
- $1,225,000
- Energy
- $1,330,000
- Income-Based Land
- $1,265,000
- Food Service
- $1,490,000
Location Insight
- Map
- Local Demand
- City
- Mentor
- County
- Lake
- State
- Ohio
- Longitude
- -81.3437
- Latitude
- 41.6823
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
