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Property profile & analytics
FOR LEASE
Super regional malls
7900 Plaza Blvd Mentor, OH 44060
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1601401
For Lease
1 / 3
Contact for pricing
7900 Plaza Blvd, Mentor, OH 44060
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1977
Total area
81,858 SF
Lot
8.42 ac (366,775 SF)
Zoning code
R2
APN
16-A-003-0-00-023-0
UPID
US66-1601401
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
$5.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.15M
Owner & transaction history
Ar Gl& Erie LLC · 3 yrs held
Ar Gl& Erie LLC
since 2023
Last sale
$4.9M
4 recorded transactions
Zoning & alternative use
R2 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.7M
+258.5%
Restaurant
$6.3M
+192.8%
Commercial (general)
$6.2M
+189.4%
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
$5,330,000
ML approach
$5,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,655,000
Change: +258% · Conversion: Moderate
RESTAURANT
$6,255,000
Change: +193% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,180,000
Change: +189% · Conversion: Easy
MEDICAL BUILDING
$4,420,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$3,395,000
Change: +59% · Conversion: Easy
Blend value · Realmo final
$5.15M
Range $4.63M – $5.66M · ±10% · vs last sale $4.93M (May 31 2023)
Last sale anchor
$4.93M
May 31 2023
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
$63 / 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
$91,848
Tax year 2023
Assessed value
$1,259,580
Assessed 2023
Previous assessed
$1,259,580
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$652,390
Assessed improvement
$607,190
Land market value
$1,863,970
Improvement market value
$1,734,820
Total market value
$3,598,790
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
For Lease
Year built
1977
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
81,858 SF
Lot
8.42 ac (366,775 SF)
Zoning code
R2
APN
16-A-003-0-00-023-0
UPID
US66-1601401
Jurisdiction
LAKE
Zoning & alternative use
R2 · Mentor, OHZoning R2 · permitted uses
R2 · Mentor, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$7.7M
RESTAURANT
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$4.4M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
8.42 ac
Current owner
From public records · entity-resolved
Ar Gl& Erie LLC
Entity
Free & Clear · 3 yrs held
Mailing address
10100 WATERVILLE ST, WHITEHOUSE, OH 43571-9851
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
—
Jsp Gl Erie LLC
—
Deed
related
$34,000,000 · Wells Fargo Bank NA
May 31, 2023
$4,930,000
Ar Gl& Erie LLC
Dfg Great Lakes Plalza LLC
Limited Warranty Deed
—
Nov 22, 2013
$8,000,000
Dfg Great Lakesplaza LLC
Simon Property Group LP
Limited Warranty Deed
—
May 4, 2011
—
Jv Mixed Five Oh 1 Br H Cre
—
Deed Of Trust
related
$5,005,457 · Bank/america NA #2006-c6 (ce)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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