Financial
Distress signals
Property profile

1640 Mentor Ave Painesville, OH 44077

OFF-MARKET
Turn key restaurants
Property ID
US66-6120503
3,154 SF 0.34 ac lot Built 1958
Last sale Aug 2019 · $305,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a two-tenant retail building totaling 3,154 square feet, configured as two separate retail suites: Master Pizza (1,800 SF) and Electronics Flip (1,354 SF). It is situated on a 0.34-acre site with 27 on-site parking spaces for customer and operational use. The building fronts Mentor Ave and also has frontage on Clairmont Dr, with 65 feet of frontage on Mentor Ave and 73 feet on Clairmont Dr. The property is zoned B-3 Commercial and is described as having no local income tax.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$89k
Assessed land$36k
Assessed improvement$52k
Effective rate8.14%

Value estimate

· Sep 2026
$225k
$203k – $248k
AI approach$210k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$181/SF
Submarket average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$54 – $308
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B3
JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.7
Dental Office20.1
Law Firm17.6

Location

1640 Mentor Ave Painesville, OH 44077-1707
County assessor Recorded deeds · 6 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
318 High, Fairport Harbor, OH 44077-5829 $130,200 Jan 2026 2,613 SF
116 Richmond, Painesville, OH 44077 $250,000 May 2025 3,220 SF
701 Ee, Fairport Harbor, OH 44077-5665 $100,000 Feb 2025 3,435 SF
202 High, Fairport Harbor, OH 44077-5849 $9,000 Dec 2023 2,691 SF
1505 Madison, Painesville, OH 44077-5115 $70,000 Mar 2023 3,712 SF
444 State, Painesville, OH 44077-4124 $250,000 Oct 2022 3,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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