Technical
Financial
Distress signals
Property profile

7591 Tyler Blvd Mentor, OH 44060

OFF-MARKET
Flex space
Property ID
US66-2270128
11,980 SF 0.59 ac lot Built 1987
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional light industrial property in Mentor, Ohio, offers a rare leasing opportunity. Located at 7591 Tyler Blvd, 44060, this 9,480 square foot building sits on a 0.59-acre lot and is zoned M1 - Light Manufacturing. Currently, a single 1,750 square foot unit is available for lease within this five-unit building. The property is situated in Mentor's prime industrial district, providing convenient access to major Lake County highways, ensuring efficient transportation and logistics. The building's industrial/warehouse configuration is ideal for various manufacturing and storage needs. The property's location within the heart of Mentor's industrial zone offers excellent visibility and proximity to a robust workforce. This is a unique chance to secure space in a fully occupied, well-maintained building within a thriving industrial area. The available space is part of a larger, well-established complex, offering a stable and reliable environment for your business operations. The property's size and zoning make it suitable for a range of light manufacturing and warehouse businesses. Don't miss this opportunity to establish your business in a strategic and advantageous location.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1987
Total area 11,980 SF
Lot 0.59 ac (25,700 SF)
Zoning code M-1
APN 16-B-031-0-00-005-0
UPID US66-2270128

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7591 Tyler Blvd Mentor, OH 44060-4873
Mentor metro Census 206500 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
$710k
Comparable Approach Comparable
$423k
Blend (final) Blend
$575k

Owner & transaction history

since 2023
Last sale
$530,000
2 recorded transactions
2023
$531,500
2017
Price N/A

Zoning & alternative use

M-1 · Mentor, OH
Zoning description

The purpose of the M- 1 District shall be to provide locations for activities generally understood to be manufacturing activities in a manner conducive to the creation of new job opportunities, minimization of impacts on…

General category INDUSTRIAL
Top alternative use upside
Medical building $845,000 +58.4%
Commercial (general) $835,000 +57.2%
Warehouse, storage $780,000 +46.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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