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Property profile & analytics
FOR LEASE
Office buildings

8339 Tyler Blvd Mentor, OH 44060

12,698 SF 3.13 ac lot Built 1975
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US66-1228411
8339 Tyler Blvd, Mentor, OH 44060 For Lease
$14 SF/Yr 12,515 SF available
8339 Tyler Blvd, Mentor, OH 44060
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Property summary
AI-generated overview

This exceptional 12,515-square-foot office building presents a unique opportunity in Mentor, Ohio. Situated on a picturesque 3-acre park-like setting, this tri-level building offers a versatile layout ideal for multiple tenants or a single large occupant. Fully renovated in 2000 and meticulously maintained since, the property boasts a range of features including a welcoming reception area, numerous private offices, a spacious bullpen area perfect for collaborative work, a large boardroom suitable for presentations and meetings, and a convenient break room. The building is partially furnished with existing office furniture and cubicles, offering immediate occupancy potential. Ample parking is provided with 75+ spaces, and the potential for expansion exists. Its strategic location in the heart of Mentor provides easy access to a wealth of amenities, and its proximity to Route 2 and 615 ensures convenient commuting. The building's design allows for flexible configurations to accommodate various business needs, making it suitable for a wide range of office uses, including traditional office space, executive suites, creative studios, medical offices, or even a coworking environment. This property represents a rare combination of size, location, and amenities, making it an outstanding investment opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Total area 12,698 SF
Lot 3.13 ac (136,212 SF)
APN 16-B-040-A-00-018-0
UPID US66-1228411
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$1.55M
Owner & transaction history
Chelo Investment Partners LLC · 4 yrs held
Chelo Investment Partners LLC
since 2022
Last sale
$1.5M
2 recorded transactions
2022
$153,500
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.8M +46.2%
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More about this property
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