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Property profile & analytics
OFF-MARKET Estimated value $515,000
Office buildings

1701 Mentor Ave Painesville, OH 44077-1459

8,718 SF 0.76 ac lot Built 1960
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US66-6228395
Property summary
AI-generated overview

This exceptional executive office space, located at 1701 Mentor Avenue in Lake County, offers a prime opportunity for businesses seeking a prestigious address. The property boasts a total of 1,630 square feet, currently entirely vacant and available for lease. Flexible lease terms are available for spaces ranging from a minimum of 500 square feet to a maximum contiguous space of 1,130 square feet, making it ideal for a variety of business sizes and needs. The building is situated in a desirable office park setting, providing a professional and attractive environment for your company. Benefit from excellent street signage visibility, ensuring your business is easily noticed by potential clients and customers. Ample parking is available for employees and visitors, adding to the convenience and appeal of this location. The property enjoys a high traffic count exceeding 15,000 vehicles daily, guaranteeing significant exposure. Its advantageous township location eliminates city income tax, offering significant financial benefits. Furthermore, its strategic location provides quick access to Route 44, State Route 2, and Interstate 90, ensuring easy commutes for employees and clients alike. This is a rare opportunity to secure high-quality office space in a highly desirable and accessible location. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Total area 8,718 SF
Lot 0.76 ac (33,106 SF)
Zoning code R1
APN 11-A-015-L-00-017-0
UPID US66-6228395
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
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
$511k
Blend (final) Blend
$515k
Owner & transaction history
S S Patel LLC · 2 yrs held
S S Patel LLC
since 2024
Last sale
$515,000
5 recorded transactions
2024
$515,000
2015
Price N/A
2014
$285,000
2010
$156,600
2004
$170,000
Zoning & alternative use
R1 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Painesville, OH
Top alternative use upside
Auto repair, garage $730,000 +15.9%
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