8310 Tyler Blvd Mentor, OH 44060
- Retail space
- 31,080 SF
- 2.65 lot acres
Current Use by Public Records
- Retail space
Property Details for 8310 Tyler Blvd
- Year built
- 1998
- Lot size
- 2.65 lot acres
- Property size
- 31,080 SF
- Property type
- Retail space
- APN
- 16-B-039-C-00-037-0
- APU
- 16B039C000370
Description
This exceptional commercial property, located at 8310-8358 Tyler Boulevard in Mentor, Ohio, presents a compelling investment opportunity. The property encompasses a total of 31,080 square feet across a single, two-story building constructed in 1998. Currently classified as a Class B property, it offers a blend of traditional and executive office spaces, along with retail components, making it suitable for a diverse range of businesses. The building sits on a sizable 2.65 acres of land, providing ample parking and potential for future expansion. The property is zoned B-2, allowing for flexibility in its usage. Currently, there are 2,258 square feet of vacant space available, with individual suites ranging from 200 to 6,620 square feet, catering to various business needs. The property's multiple tenancy structure offers a strong potential for rental income diversification. Its convenient location in Mentor, Ohio (zip code 44060), within Lake County, ensures easy access to major transportation routes and a thriving local market. The property's APN is 16-B-039-C-00-037. This is an excellent opportunity to acquire a well-situated commercial property with significant potential for growth and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,730,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,775,000
- 6.5%
- $1,725,000
- 7%
- $1,805,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,630,000
- Geo Method
- $1,620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,020,000
- Retail
- $2,020,000
- Mixed-Use
- $1,450,000
- Hospitality
- $1,660,000
- Educational
- $1,715,000
- Residential Income
- $1,850,000
- Energy
- $1,965,000
- Income-Based Land
- $1,990,000
- Food Service
- $1,465,000
Location Insight
- Map
- Local Demand
- City
- Mentor
- County
- Lake
- State
- Ohio
- Longitude
- -81.3426
- Latitude
- 41.6824
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA