Property profile

5967 Andrews Rd Mentor On The Lake, OH 44060

OFF-MARKET
Retail space
Property ID
US66-1916156
21,000 SF 3.61 ac lot Built 2002
Individually Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail space, located on the bustling Kaliste Saloom Road in Lafayette Parish, Louisiana, presents a fantastic opportunity for businesses seeking high visibility and foot traffic. Part of the Gate of Orleans complex, this Class B property offers a single available storefront suite measuring 1,835 square feet. The building is a single-story structure with a total of three suites, providing a manageable and community-oriented environment. The vacant space boasts a modern layout, ideal for a variety of retail or service-based businesses. Its prominent location amongst popular restaurants ensures high visibility and convenient access for both pedestrians and drivers. The suite is move-in ready, eliminating the need for extensive renovations and allowing for a quick start to operations. This is an excellent chance to establish or expand a business in a thriving commercial area with significant potential for growth. The total building size is not specified, but there are 3,732 square feet currently vacant. This prime retail location offers an unparalleled opportunity to capitalize on the high traffic volume and strong local economy. The suite's storefront entrance is designed to maximize customer visibility and accessibility. Don't miss this chance to secure a space in a vibrant and successful commercial center.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Construction WOOD
Total area 21,000 SF
Lot 3.61 ac (157,252 SF)
APN 19-A-092-0-00-028-0
UPID US66-1916156

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5967 Andrews Rd Mentor On The Lake, OH 44060-2819
Mentor On The Lake metro Census 202500 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$510k
Blend (final) Blend
$385k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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