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Property profile & analytics
OFF-MARKET Estimated value $605,000
Commercial real estate

6970 Heisley Rd Mentor, OH 44060-4510

6,000 SF 1.36 ac lot Built 2001
Individually Owned 12-yr Hold ~ Est. High Equity
Property ID
US66-2725941
Property summary
AI-generated overview

This meticulously maintained 6,000 square foot free-standing retail building, constructed in 2001, presents a remarkable investment opportunity in Mentor, Ohio. Situated on a 1.36-acre lot, the property enjoys exceptional visibility and accessibility, making it ideal for a variety of retail or professional uses. The B2 zoning allows for maximum flexibility in business operations. The building's thoughtfully designed layout offers versatility to accommodate diverse business needs. Modern construction ensures a solid and durable structure, promising long-term value. A key advantage is the recent installation of a new roof less than one month ago, eliminating immediate roof replacement costs. The property's strategic location within the thriving Mentor area contributes significantly to its appeal. Currently occupied by a month-to-month preschool/daycare tenant, this presents an immediate income stream and potential for future lease negotiations. This property offers an exceptional opportunity for investors seeking a prime asset in Mentor's dynamic commercial landscape. The combination of its size, location, recent improvements, and flexible zoning makes this a truly compelling investment prospect. The asking price is $750,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2001
Total area 6,000 SF
Lot 1.36 ac (59,154 SF)
Zoning code B-2
APN 16-B-054-0-00-021-0
UPID US66-2725941
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$546k
Blend (final) Blend
$605k
Owner & transaction history
Carl F Schaney · 12 yrs held
Carl F Schaney
since 2014
2 recorded transactions
2014
$450,000
2000
$1.4M
Zoning & alternative use
B-2 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $590,000 +40.5%
Auto repair, garage $505,000 +20.1%
Medical building $420,000 +0.8%
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