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Property profile & analytics
OFF-MARKET Estimated value $975,000
Super regional malls

1585 Mentor Ave Painesville, OH 44077-1706

70,724 SF 4.57 ac lot Built 1992
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-0996215
Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1992
Total area 70,724 SF
Lot 4.57 ac (199,069 SF)
Zoning code B-3
APN 11-A-011-0-00-009-0
UPID US66-0996215
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
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$975k
Owner & transaction history
Standard Insurance Company · 4 yrs held
Standard Insurance Company
since 2022
7 recorded transactions
2022
Price N/A
2020
Price N/A
2017
Price N/A
2017
Price N/A
2016
Price N/A
2010
Price N/A
2009
$10.0M
Zoning & alternative use
B-3 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-3 Central Business DD Downtown Development M-1 Light Industrial M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see Chapter 1113 of the Unified Development Code. All requests for permitted uses for a given property can be submitted in writing to the City Planner. What…

Zone name Central Business
General category MIXED_USE
Zone area 43.20 ac
Source Painesville, OH
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