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Property profile & analytics
OFF-MARKET
Turn key restaurants
7377 Lk Shr Blvd Mentor, OH 44060-3552
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-1092369
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Total area
2,750 SF
Lot
0.5 ac (21,732 SF)
Zoning code
B-2
APN
16-C-080-E-00-036-0
UPID
US66-1092369
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
377 Lake Shore Realty LLC · 5 yrs held
377 Lake Shore Realty LLC
since 2020
Last sale
$127,250
3 recorded transactions
Zoning & alternative use
B-2 · 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
$6,908
Tax year 2023
Assessed value
$94,730
Assessed 2023
Previous assessed
$94,730
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$42,500
Assessed improvement
$52,230
Land market value
$121,440
Improvement market value
$149,220
Total market value
$270,660
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1964
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,750 SF
Lot
0.5 ac (21,732 SF)
Zoning code
B-2
APN
16-C-080-E-00-036-0
UPID
US66-1092369
Jurisdiction
LAKE
Zoning & alternative use
B-2 · Mentor, OH
Zoning B-2 · permitted uses
B-2 · 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
1964
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
377 Lake Shore Realty LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4949 CORDUROY RD, MENTOR, OH 44060-1201
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2020
$127,250
377 Lake Shore Realty LLC
Michael Allen
Warranty Deed
—
Dec 12, 2008
$280,260
Michael Allen
Owner,record
Grant Deed
$240,260 · Frankie Lowe
Dec 11, 2008
$280,325
Michael Allen
Lowe,frankie D
Grant Deed
$240,260 · Frankie Lowe
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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