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Property profile & analytics
FOR LEASE
Office buildings
7085 Mentor Ave Mentor, OH 44060
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-6303390
For Lease
1 / 3
$7 SF/Yr
7085 Mentor Ave, Mentor, OH 44060
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
86,913 SF
Lot
5.52 ac (240,451 SF)
Zoning code
M-1
APN
16-B-028-0-00-011-0
UPID
US66-6303390
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
$4.06M
Blend (final)
Blend
$3.13M
Owner & transaction history
Premier 7085 Mentor LLC · 3 yrs held
Premier 7085 Mentor LLC
since 2022
Last sale
$3.3M
5 recorded transactions
Zoning & alternative use
M-1 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mentor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mentor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.13M
Range $2.82M – $3.44M · ±10% · vs last sale $3.33M (Sep 26 2022)
Last sale anchor
$3.33M
Sep 26 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$36 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$62,071
Tax year 2023
Assessed value
$851,220
Assessed 2023
Previous assessed
$851,220
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$601,200
Assessed improvement
$250,020
Land market value
$1,717,700
Improvement market value
$714,350
Total market value
$2,432,050
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1993
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
86,913 SF
Lot
5.52 ac (240,451 SF)
Zoning code
M-1
APN
16-B-028-0-00-011-0
UPID
US66-6303390
Jurisdiction
LAKE
Zoning & alternative use
M-1 · Mentor, OH
Zoning M-1 · permitted uses
M-1 · Mentor, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mentor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.52 ac
Current owner
From public records · entity-resolved
Premier 7085 Mentor LLC
Entity
Mailing address
5605 GRANGER RD, CLEVELAND, OH 44131-1213
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
$3,325,000
Premier 7085 Mentor LLC
Taconic Asset Trust
Limited Warranty Deed
—
Apr 21, 2022
—
Taconic Asset Trust
7085 Mentor Avenue LLC
Limited Warranty Deed
$75,000,000 · Centennial Bank
May 20, 2013
$3,150,000
7085 Mentor Avenue LLC
Northeast Publishing Co INC
Grant Deed
—
Mar 28, 2008
—
Northeast Publishing Co INC
Northeast Publishing Co INC
Quit Claim Deed
related
$107,500,000 · Jpmorgan Chase Bank NA
Mar 29, 2004
—
Willoughby City (oh)
Lorain Journal Co
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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