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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Flex space
7252 Industrial Park Blvd Mentor, OH 44060-5346
Individually Owned
7-yr Hold
Free & Clear
Property ID
US66-2753790
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1974
Total area
19,273 SF
Lot
1.02 ac (44,431 SF)
Zoning code
MIP
APN
16-B-029-A-00-004-0
UPID
US66-2753790
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
$621k
Blend (final)
Blend
$565k
Owner & transaction history
Mentor Indl Bldg II Ltd · 7 yrs held
Mentor Indl Bldg II Ltd
since 2018
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$855,000
Current use
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
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
$29 / 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
$12,012
Tax year 2023
Assessed value
$164,730
Assessed 2023
Previous assessed
$164,730
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$61,590
Assessed improvement
$103,140
Land market value
$175,980
Improvement market value
$294,690
Total market value
$470,670
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
19,273 SF
Lot
1.02 ac (44,431 SF)
Zoning code
MIP
APN
16-B-029-A-00-004-0
UPID
US66-2753790
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$855,000
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Mentor Indl Bldg II Ltd
Individual
Free & Clear · 7 yrs held
Mailing address
7252 INDUSTRIAL PARK BLVD, MENTOR, OH 44060-5346
Ownership since
2018
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
Jan 29, 2025
—
Mentor Industrial Building II Ltd
—
Deed
related
$990,000 · Civista Bank
Jan 18, 2019
—
Mentor Industrial Building II Ltd
—
Deed
related
$350,000 · Civista Bank
Oct 4, 2018
$350,000
Mentor Indl Bldg II Ltd
Nuti,mary L & Silvano
Warranty Deed
—
Jul 5, 2018
—
Mary L Nuti
Nuti,renato
Affidavit Of Death
related
—
Sep 4, 2013
—
Silvano Nuti
Nuti,maria I
Affidavit Of Death
related
—
May 30, 2012
—
Renato Nuti
Nuti,renato & Mary L
Quit Claim Deed
related
—
Apr 13, 2012
—
Silvano Nuti
Nuti,silvano & Maria I
Quit Claim Deed
related
—
Aug 23, 2010
—
Harris Family Trust
Harris,thomas R & Maria
Quit Claim 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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