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Property profile & analytics
OFF-MARKET
Office buildings
7118 Industrial Park Blvd Mentor, OH 44060-5314
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-2271153
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
3,200 SF
Lot
0.59 ac (25,700 SF)
Zoning code
MIP
APN
16-B-029-C-00-006-0
UPID
US66-2271153
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eag Properties LLC · 7 yrs held
Eag Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
MIP · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide for the creation of industrial parks within which there is a harmony of architecture and landscaping and a special emphasis on aesthetic quality.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
302.32 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,408
Tax year 2023
Assessed value
$142,730
Assessed 2023
Previous assessed
$142,730
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$35,980
Assessed improvement
$106,750
Land market value
$102,800
Improvement market value
$304,990
Total market value
$407,790
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
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
3,200 SF
Lot
0.59 ac (25,700 SF)
Zoning code
MIP
APN
16-B-029-C-00-006-0
UPID
US66-2271153
Jurisdiction
LAKE
Zoning & alternative use
MIP · Mentor, OHZoning MIP · permitted uses
MIP · Mentor, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide for the creation of industrial parks within which there is a harmony of architecture and landscaping and a special emphasis on aesthetic quality.
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
302.32 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Eag Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
7118 INDUSTRIAL PARK BLVD, MENTOR, OH 44060-5314
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2019
—
Eag Properties LLC
Pjm Ents
Quit Claim Deed
related
—
May 1, 2019
—
Eag Ents LLC
Pjm Ents
Quit Claim Deed
related
—
Sep 16, 1999
—
P I M Enterprises
—
Deed Of Trust
related
$1,993,779 · Bank One NA
—
—
Pjm Ents
—
Deed Of Trust
related
$500,000 · Dollar Bk
—
—
P J M Enterprises
—
Deed Of Trust
related
$500,000 · Fifth Third Bank Ne Ohio
—
—
P J M Enterprises
—
Deed Of Trust
related
$195,000 · Fifth Third Bank Ne Ohio
—
—
P J M Enterprises
—
Deed Of Trust
related
$290,000 · Fifth Third Bank Ne Ohio
—
—
Pjm Enterprises
—
Deed Of Trust
related
$350,000 · Fifth Third Bank Ne Ohio
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.
Try Rey
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