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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Super regional malls
7681 Mentor Ave 7699 Mentor, OH 44060-5540
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-1673272
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2001
Construction
WOOD
Total area
30,196 SF
Lot
1.23 ac (53,405 SF)
Zoning code
M-1
APN
16-B-031-B-00-009-0
UPID
US66-1673272
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
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$629k
Blend (final)
Blend
$555k
Owner & transaction history
Glp Acquisition LLC · 13 yrs held
Glp Acquisition LLC
since 2013
7 recorded transactions
Zoning & alternative use
M-1 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 other districts, and providing access to materials and adequate transportation facilities.
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
1,452.92 ac
Source
Realmo
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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$790,000
Current use
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$18 / 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
$37,668
Tax year 2023
Assessed value
$516,570
Assessed 2023
Previous assessed
$516,570
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$168,210
Assessed improvement
$348,360
Land market value
$480,600
Improvement market value
$995,320
Total market value
$1,475,920
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
30,196 SF
Lot
1.23 ac (53,405 SF)
Zoning code
M-1
APN
16-B-031-B-00-009-0
UPID
US66-1673272
Jurisdiction
LAKE
Zoning & alternative use
M-1 · Mentor, OHZoning M-1 · permitted uses
M-1 · 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 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 other districts, and providing access to materials and adequate transportation facilities.
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
1,452.92 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER 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
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Glp Acquisition LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2000 AUBURN DR, BEACHWOOD, OH 44122-4314
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Mar 26, 2024
—
Glp Acquisition LLC
—
Deed
related
$4,700,000 · Riversource Life Insurance Co
Apr 12, 2013
—
Glp Acquisition LLC
Great Lakes Plaza Ltd
Quit Claim Deed
related
—
Apr 27, 2010
—
Great Lakes Plaza Ltd
—
Deed Of Trust
related
$17,212,500 · Home Savings & Loan Youngstown
May 7, 2003
—
Great Lakes Plaza Ltd
Osborne,richard M Tr
Quit Claim Deed
related
—
Mar 6, 2002
—
Heisley-hopkins INC
Osborne Trust
Quit Claim Deed
related
$4,450,000 · Republic Bank
Feb 27, 2001
—
Richard M Osborne Trustee
Melvyn E Resnick Trustee
Quit Claim Deed
related
—
Oct 22, 1999
—
Mentor City (oh)
Richard M Osborne Trustee
Grant Deed
related
—
—
—
Glp Acquisition LLC
—
Deed Of Trust
related
$4,950,000 · Wells Fargo Bk
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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