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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Office buildings
8370 Munson Rd Mentor, OH 44060-2409
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1754613
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
WOOD
Total area
11,536 SF
Lot
3.89 ac (169,274 SF)
Zoning code
B-1
APN
16-C-085-A-00-018-0
UPID
US66-1754613
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
$1.48M
Blend (final)
Blend
$1.45M
Owner & transaction history
Crolrish Properties LLC · 1 yrs held
Crolrish Properties LLC
since 2024
Last sale
$30,000
7 recorded transactions
Zoning & alternative use
B-1 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.1M
+84.2%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,130,000
Current use
RESTAURANT
$2,085,000
Change: +84% · Conversion: Moderate
AUTO REPAIR, GARAGE
$965,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $30k (Oct 24 2024)
Last sale anchor
$30k
Oct 24 2024
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
$126 / 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
$25,245
Tax year 2023
Assessed value
$346,200
Assessed 2023
Previous assessed
$346,200
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$136,750
Assessed improvement
$209,450
Land market value
$390,700
Improvement market value
$598,440
Total market value
$989,140
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
1978
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
11,536 SF
Lot
3.89 ac (169,274 SF)
Zoning code
B-1
APN
16-C-085-A-00-018-0
UPID
US66-1754613
Jurisdiction
LAKE
Zoning & alternative use
B-1 · Mentor, OH
Zoning B-1 · permitted uses
B-1 · Mentor, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mentor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$965,000
OFFICE BUILDING Current
RESTAURANT
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
1978
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
3.89 ac
Current owner
From public records · entity-resolved
Crolrish Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8356 MUNSON RD, MENTOR, OH 44060-2409
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
—
Crolrish Properties LLC
Crolrish Properties LLC
Warranty Deed
related
—
Oct 24, 2024
$30,000
Crolrish Properties LLC
673 Electrical Building Corporation
Warranty Deed
—
Dec 29, 2020
—
673 Electrical Building Corp
—
Deed
related
$700,000 · Fifth Third Bk
Apr 5, 2018
—
Brian Jackson
—
Deed
related
$52,000 · Stephen & Kelly Maxham
Dec 15, 2017
—
Lake Ashtabula & Geauga Cnty E
—
Deed
related
$132,826 · Fifth Third Bk
Feb 2, 1998
—
Electrical Building Corp
—
Deed Of Trust
related
$1,000,000 · Bank One NA
—
—
673 Electrical Building Corp
—
Loan Modification
related
$700,000 · Fifth Third Bank
—
—
Lake Ashtabula & Geauga Cnty E
—
Loan Modification
related
$132,826 · Fifth Third Bk
—
—
Brian Jackson
—
Deed Of Trust
related
$52,000 · Stephen & Kelly Maxham
—
—
673 Electrical Building Corp
—
Loan Modification
related
$700,000 · Fifth Third Bk
—
—
Lake Ashtabula
—
Deed Of Trust
related
$705,743 · Fifth Third Bank
—
—
Lake Ashtabula
—
Deed Of Trust
related
$800,000 · Fifth Third 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.
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