8224 Mentor Ave Mentor, OH
Property profile & analytics
8224 Mentor Ave Mentor, OH
- Medical Office Space
- 31,288 SF
- 2.72 lot acres
Property ID
US66-1098380
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.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 8224 Mentor Ave
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 2.72 lot acres
- Property size
- 31,288 SF
- Zone code
- R-2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 16-A-010-D-00-012-0
- APU
- 16A010D000120
Description
This exceptional investment opportunity presents two, two-story brick buildings situated on a 3.474-acre lot in the desirable Mentor Office Park. Built in 1973, this Class B property offers a total of 166 parking spaces, ensuring ample convenience for tenants and visitors. The property is zoned R-2 and features a mix of professional and medical office tenants, creating a diverse and stable tenant base. Currently, one suite of 1,809 square feet is available for lease. The buildings boast a park-like setting, enhancing the professional atmosphere. Located at 8224 Mentor Avenue in Mentor, Ohio (zip code 44060), this property enjoys a prime location directly across from the public library, providing excellent visibility and accessibility. Its convenient proximity to I-90 and public transportation ensures easy commutes for employees and clients. The property's APN numbers are 16A010D000120 and 16A010D000280, located in Lake County, Ohio. This is a rare opportunity to acquire a well-maintained, established medical office complex in a high-demand location. The property's strong location and existing tenant base make it an attractive investment for both seasoned and new investors seeking a stable and growing income stream. The total number of suites within the buildings is not currently specified.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,720,000
- ML approach
- $1,710,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,247,000
Market price range: $1.23M - $3.42M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,200,000 Current use
- AUTO REPAIR, GARAGE
- $2,625,000 Change: +19% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,185,000 Change: -1% Conversion: Easy
- WAREHOUSE, STORAGE
- $2,040,000 Change: -7% Conversion: Difficult
- RETAIL STORES
- $1,995,000 Change: -9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Mentor
- County
- Lake
- State
- Ohio
- Longitude
- -81.3464
- Latitude
- 41.664
- 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
$45,976
$171,190
$458,130
$629,320
-
$489,120
$1,308,950
$1,798,070
