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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Car washes
7350 Palisades Pkwy Mentor, OH 44060-5302
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-3375059
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1979
Total area
6,011 SF
Lot
1.12 ac (48,787 SF)
Zoning code
B-3
APN
16-B-030-0-00-023-0
UPID
US66-3375059
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
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$660k
Owner & transaction history
Mentor Auto Real Estate Properties · 5 yrs held
Mentor Auto Real Estate Properties
since 2020
Last sale
$725,000
4 recorded transactions
Zoning & alternative use
B-3 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district shall be provide locations for activities most suited to highway interchange access by their nature and the needs of freeway travelers to take advantage of the special opportunities available.
Zone name
Interchange Service
General category
UNKNOWN
Zone area
47.81 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.1M
+115.5%
Office building
$590,000
+17.0%
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
$660,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$505,000
Current use
RESTAURANT
$1,085,000
Change: +115% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$425,000
Change: -16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$420,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $725k (Aug 31 2020)
Last sale anchor
$725k
Aug 31 2020
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
$110 / 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
$25,942
Tax year 2023
Assessed value
$162,130
Assessed 2023
Previous assessed
$136,500
+18.8% YoY
Effective rate
16.00%
On assessed value
Assessed land
$162,130
Land market value
$463,240
Total market value
$463,240
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,011 SF
Lot
1.12 ac (48,787 SF)
Zoning code
B-3
APN
16-B-030-0-00-023-0
UPID
US66-3375059
Jurisdiction
LAKE
Zoning & alternative use
B-3 · Mentor, OHZoning B-3 · permitted uses
B-3 · Mentor, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district shall be provide locations for activities most suited to highway interchange access by their nature and the needs of freeway travelers to take advantage of the special opportunities available.
Zone name
Interchange Service
General category
UNKNOWN
Zone area
47.81 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$505,000
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$590,000
MEDICAL BUILDING
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$420,000
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.12 ac
Current owner
From public records · entity-resolved
Mentor Auto Real Estate Properties
Entity
Mailing address
23 BELL ST, CHAGRIN FALLS, OH 44022-2989
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
$725,000
Mentor Auto Real Estate Properties
Palisades Property LLC
Limited Warranty Deed
$725,000 · The Croghan Colonial Bank
Dec 6, 2006
—
Palisades Property LLC
Eureka Properties LLC
Quit Claim Deed
related
—
Dec 6, 2006
$706,000
Eureka Properties LLC Ep
Sheriff Of Lake County
Trustees Deed
related
—
—
—
John D Chiappetta
—
Deed Of Trust
related
$294,500 · Security Federal S&l Cleveland
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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