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Property profile & analytics
OFF-MARKET Estimated value $770,000
Strip malls

1615 Mentor Ave Painesville, OH 44077-1703

57,071 SF 8.61 ac lot Built 1975
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-6288115
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Total area 57,071 SF
Lot 8.61 ac (375,269 SF)
Zoning code B-3
APN 11-A-011-0-00-007-0
UPID US66-6288115
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
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$845k
Blend (final) Blend
$770k
Owner & transaction history
Starbucks Corporation · 3 yrs held
Starbucks Corporation
since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2020
Price N/A
2017
Price N/A
2017
Price N/A
2016
Price N/A
2015
Price N/A
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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