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Property profile & analytics
OFF-MARKET
Estimated value
$5,965,000
Grocery and convenience stores
1201 Mentor Ave, Painesville, OH 44077-1833
Individually Owned
21-yr Hold
Free & Clear
Property ID
US66-2210730
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Total area
82,199 SF
Lot
9.43 ac (410,727 SF)
Zoning code
B-3
APN
11-A-009-0-00-002-0
UPID
US66-2210730
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.86M
Blend (final)
Blend
$5.97M
Owner & transaction history
State Of Ohio · 21 yrs held
State Of Ohio
since 2005
6 recorded transactions
Zoning & alternative use
B-3 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.3M
+129.5%
Auto repair, garage
$6.9M
+117.0%
Medical building
$5.8M
+82.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Painesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,290,000
Change: +129% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,890,000
Change: +117% · Conversion: Difficult
MEDICAL BUILDING
$5,785,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,990,000
Change: +57% · Conversion: Easy
WAREHOUSE, STORAGE
$4,650,000
Change: +46% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,585,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$5.97M
Range $5.37M – $6.56M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$162,255
Tax year 2023
Assessed value
$1,991,170
Assessed 2023
Previous assessed
$1,991,170
+0.0% YoY
Effective rate
8.15%
On assessed value
Assessed land
$787,640
Assessed improvement
$1,203,530
Land market value
$2,250,400
Improvement market value
$3,438,670
Total market value
$5,689,070
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
82,199 SF
Lot
9.43 ac (410,727 SF)
Zoning code
B-3
APN
11-A-009-0-00-002-0
UPID
US66-2210730
Jurisdiction
LAKE
Zoning & alternative use
B-3 · Painesville, OH
Zoning B-3 · permitted uses
B-3 · Painesville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Painesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$5.8M
COMMERCIAL (GENERAL)
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
9.43 ac
Current owner
From public records · entity-resolved
State Of Ohio
Individual
Free & Clear · 21 yrs held
Mailing address
4053 MAPLE RD, BUFFALO, NY 14226-1058
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2020
—
Srk Painesville Associates LLC
—
Deed
related
$4,150,000 · Keybank USA
Mar 23, 2011
—
Srk Painesville Associates LLC
—
Grant Deed
related
$7,000,000 · First Niagara Bk
Mar 25, 2005
$795
State Of Ohio
Srk Painesville Associates LLC
Warranty Deed
—
Dec 4, 2000
—
Benchmark Properties Mgt Corp
Srk Painesville Associates LLC
Quit Claim Deed
related
—
Jul 6, 1999
$1,825,000
Srk Painesville Associates LLC
Balante,dennis S
Grant Deed
$9,565,000 · Hsbc Realty Credit Corp
—
—
Srk Painesville Associates LLC
—
Loan Modification
related
$4,150,000 · Keybank USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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