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Property profile & analytics
OFF-MARKET
Parking lots & garages
7214 Industrial Park Blvd Mentor, OH 44060-5316
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US66-6062318
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1973
Total area
18,220 SF
Lot
1.37 ac (59,677 SF)
Zoning code
MIP
APN
16-B-029-B-00-001-0
UPID
US66-6062318
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
Herdas Truck Repair INC · 21 yrs held
Herdas Truck Repair INC
since 2005
7 recorded transactions
Zoning & alternative use
MIP · 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
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
$12,274
Tax year 2023
Assessed value
$168,320
Assessed 2023
Previous assessed
$168,320
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$72,260
Assessed improvement
$96,060
Land market value
$206,470
Improvement market value
$274,470
Total market value
$480,940
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
18,220 SF
Lot
1.37 ac (59,677 SF)
Zoning code
MIP
APN
16-B-029-B-00-001-0
UPID
US66-6062318
Jurisdiction
LAKE
Zoning & alternative use
MIP · Mentor, OH
Zoning MIP · permitted uses
MIP · 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
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Herdas Truck Repair INC
Entity
Mailing address
7214 INDUSTRIAL PARK BLVD, MENTOR, OH 44060-5316
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
—
Herda S Truck Repair INC
—
Deed
related
$128,200 · Eriebank
Jul 31, 2019
—
Herdas Truck Repair INC
—
Deed
related
$48,500 · Eriebank
May 7, 2018
—
Herdas Truck Repair INC
—
Deed
related
$44,000 · Eriebank
Jul 15, 2005
$556,200
Herdas Truck Repair INC
Weston INC
Grant Deed
$465,500 · Lake National Bank
—
—
Herdas Truck Repair INC
—
Deed Of Trust
related
$365,495 · Lake National Bank
—
—
Herdas Truck Repair INC
—
Deed Of Trust
related
$50,000 · Lake National Bank
—
—
Herdas Truck Repair INC
—
Deed Of Trust
related
$48,500 · Eriebank
—
—
Herdas Truck Repair INC
—
Deed Of Trust
related
$44,000 · Eriebank
—
—
Herdas Truck Repair INC
—
Deed Of Trust
related
$30,000 · Lake National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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