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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7460 Clover Ave Mentor, OH 44060-5212

    • Flex space
    • 7,060 SF
    • 1.92 lot acres
    OFF-MARKET
    Value Estimations
    $380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1138469
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flex space

    Property Details for 7460 Clover Ave

    Year built
    1981
    Lot size
    1.92 lot acres
    Property size
    7,060 SF
    Zone code
    M-1
    Property type
    Flex space
    APN
    16-B-031-D-03-021-0
    APU
    16B031D030210

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $455,000
      6.5%
      $420,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $414,000
      Market price range: $221k - $415k
      AI Estimate
      $260,000
      Market price range: $93.7k - $260k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $315,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.3745
    Latitude
    41.6631
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,014
    $56,170
    $117,190
    $173,360
    -
    $160,480
    $334,840
    $495,320

    Comparable in this City

    • Value Estimation
      $210,000
      9,080 SF

      8592 Ee Ave

      LIGHT INDUSTRIAL • 9,080 SF
      8592 Ee Ave, Mentor, OH 44060-4302
      View Details
    • Value Estimation
      $285,000
      10,328 SF

      7144 Industrial Park Blvd

      LIGHT INDUSTRIAL • 10,328 SF
      7144 Industrial Park Blvd, Mentor, OH 44060-5314
      View Details
    • Value Estimation
      $205,000
      10,200 SF

      7451 Clover Ave, Unit 7457-A

      LIGHT INDUSTRIAL • 10,200 SF
      7451 Clover Ave, Mentor, OH 44060-5211
      View Details
    • Value Estimation
      $645,000
      19,120 SF

      9345 Progress Pkwy, Unit 9355

      LIGHT INDUSTRIAL • 19,120 SF
      9345 Progress Pkwy, Mentor, OH 44060-1855
      View Details
    • Value Estimation
      $270,000
      4,987 SF

      7595 Tyler Blvd

      LIGHT INDUSTRIAL • 4,987 SF
      7595 Tyler Blvd, Mentor, OH 44060-4869
      View Details
    • Value Estimation
      $645,000
      13,072 SF

      7007 Spinach Dr

      LIGHT INDUSTRIAL • 13,072 SF
      7007 Spinach Dr, Mentor, OH 44060-4959
      View Details

    Similar Nearby for Sale

    • $1,500,000
      14,415 SF

      14,000 SF Flex Space Building

      14,000 SF flex building with leased units for sale.
      7686 Saint Clair Ave, Mentor, OH 44060
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    • $1,035,720
      11,508 SF

      Tyler Blvd Flex/Warehouse Opportunity

      Office and warehouse space available on Tyler Blvd.
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    • Contact for pricing
      9,774 SF

      Industrial/Flex Building on Hopkins Road

      9,774± SF industrial/flex building on 0.86± acre lot.
      6520 Hopkins Rd, Mentor, OH 44060
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    • $648,000
      9,774 SF

      Mentor Industrial Flex Space

      9,774 SF Flex Building, $648K
      6520 Hopkins Rd, Mentor, OH 44060
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    • $2,495,000
      31,745 SF

      High-Quality Manufacturing Property in Mentor

      31,745 SF manufacturing property with ample parking.
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    • $169,000
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      Mentor Industrial Land - $169K

      2.23-acre industrial lot, prime location.
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    Similar Nearby for Lease

    • $204 SF/Yr
      4,780 SF

      Mentor Office & Industrial Space

      Flexible Suites, 100-2260 sq ft
      7840 Tyler Blvd, Mentor, OH 44060
      View Details
    • $6 SF/Yr
      11,283 SF

      Mentor, OH Flex Space Available

      High-visibility warehouse/office space in prime location.
      6111 Heisley Rd, Mentor, OH 44060
      View Details
    • Contact for pricing
      10,000 SF

      Mentor, OH Industrial Warehouse Duo

      10,000 SF Warehouse/Flex Space Available
      8631 Tyler Blvd, Mentor, OH 44060
      View Details
    • Contact for pricing
      50,000 SF

      Mentor, OH Industrial Property

      50,000 SF Multi-Tenant Manufacturing/Flex Space
      7471 Tyler Blvd, Mentor, OH 44060
      View Details
    • Contact for pricing
      100,000 SF

      Tyler Commerce: Class A Industrial Space

      100,000 SF Multi-Tenant Industrial Building
      6601 Hopkins Rd, Mentor, OH 44060
      View Details
    • Contact for pricing
      15,824 SF

      Mentor Industrial Flex Space

      Prime Mentor location, flexible space available.
      7520 Clover Ave, Mentor, OH 44060
      View Details
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    7460 Clover Ave
    Mentor, OH 44060-5212
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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