Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Office buildings
8334 Mentor Ave Mentor, OH 44060-5766
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-0653596
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
8,400 SF
Lot
0.77 ac (33,541 SF)
Zoning code
B-2
APN
16-A-010-B-00-006-0
UPID
US66-0653596
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
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$610k
Owner & transaction history
Ofas Holdings Mentor LLC · 4 yrs held
Ofas Holdings Mentor LLC
since 2022
Last sale
$630,000
7 recorded transactions
Zoning & alternative use
B-2 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
069,070-0 requesting a variance to Sec. 1173.09 of the Mentor Code of Ordinances to allow the installation of parking spaces at a 0-ft. setback from the right-of-way in lieu of the minimum 10-ft. setback required in the B-2, General Business District. RICHARD & MARSHA MAHONEY FOR 6169 THISTLEWOOD DRIVE, PP16-C-081-K-00-020-0 requesting a variance to Sec. 116…
Zone name
General Business
General category
COMMERCIAL
Zone area
1,062.03 ac
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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$825,000
Current use
AUTO REPAIR, GARAGE
$705,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $630k (Apr 22 2022)
Last sale anchor
$630k
Apr 22 2022
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
$73 / 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
$14,108
Tax year 2023
Assessed value
$191,230
Assessed 2023
Previous assessed
$191,230
+0.0% YoY
Effective rate
7.38%
On assessed value
Assessed land
$105,650
Assessed improvement
$85,580
Land market value
$301,870
Improvement market value
$244,520
Total market value
$546,390
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,400 SF
Lot
0.77 ac (33,541 SF)
Zoning code
B-2
APN
16-A-010-B-00-006-0
UPID
US66-0653596
Jurisdiction
LAKE
Zoning & alternative use
B-2 · Mentor, OHZoning B-2 · permitted uses
B-2 · Mentor, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
069,070-0 requesting a variance to Sec. 1173.09 of the Mentor Code of Ordinances to allow the installation of parking spaces at a 0-ft. setback from the right-of-way in lieu of the minimum 10-ft. setback required in the B-2, General Business District. RICHARD & MARSHA MAHONEY FOR 6169 THISTLEWOOD DRIVE, PP16-C-081-K-00-020-0 requesting a variance to Sec. 1165.01(a)(2) of the Mentor Code of Ordinances to allow an 180-sq. ft. accessory build
Zone name
General Business
General category
COMMERCIAL
Zone area
1,062.03 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$705,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Ofas Holdings Mentor LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3255 ALUM TRL PL, LEWIS CENTER, OH 43035-8288
Ownership since
2022
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
Jul 2, 2024
—
Ofas Holdings Mentor LLC
—
Deed
related
$290,000 · The Richwood Banking Co
Oct 25, 2022
—
Ofas Holdings Mentor LLC
—
Deed
related
$624,000 · The Richwood Banking Co
Apr 22, 2022
$630,000
Ofas Holdings Mentor LLC
8334 Mentor Avenue LLC
Warranty Deed
—
Nov 10, 2015
$535,000
8334 Mentor Avenue LLC
Manners Investment LP
Limited Warranty Deed
$367,500 · Pnc Bank NA
Sep 28, 2011
—
Investment LP Manners
Manners Investment LP
Quit Claim Deed
related
—
—
—
Investment LP Manners
—
Deed Of Trust
related
$500,000 · Manners Robert L Tr 1967 (pt)
—
—
Investment Manners
—
Deed Of Trust
related
$300,000 · Huntington National Bank
—
—
Investment LP Manners
—
Deed Of Trust
related
$216,746 · Huntington National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8334 Mentor Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
