Technical
Financial
Distress signals
Property profile

7824 Reynolds Rd Mentor, OH 44060

OFF-MARKET
Turn key restaurants
Property ID
US66-0740338
9,890 SF 1.85 ac lot Built 1995
Entity Owned 17-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail space comprising approximately 2,332 square feet and is situated next to DiBella’s Subs. It is located at the signalized intersection of Reynolds Road (SR 306) and Tyler Blvd, a corridor with an estimated combined traffic volume of 43,879 vehicles per day. The site provides access to SR-2 and I-90 via nearby freeways. The property is positioned within the City of Mentor retail trade area, which has been reported as the 6th largest retail center in Ohio by annual sales.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1995
Total area 9,890 SF
Lot 1.85 ac (80,586 SF)
Zoning code M-1
APN 16-B-029-E-00-003-0
UPID US66-0740338

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

7824 Reynolds Rd Mentor, OH 44060-5324
Mentor metro Census 206500 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2009
2 recorded transactions
2009
$1.2M
2005
$2.0M

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

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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