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Property profile & analytics
FOR SALE
Banks
8405 Munson Rd Mentor, OH 44060
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-2751761
For Sale
1 / 2
$990,000
8405 Munson Rd, Mentor, OH 44060
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1987
Total area
7,765 SF
Lot
1.95 ac (84,942 SF)
Zoning code
B-1
APN
16-C-085-A-00-030-0
UPID
US66-2751761
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
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
1980 Holdings LLC · 3 yrs held
1980 Holdings LLC
since 2023
Last sale
$775,000
3 recorded transactions
Zoning & alternative use
B-1 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+125.9%
Office building
$725,000
+40.8%
Restaurant
$595,000
+15.0%
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
$840,000
ML approach
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$515,000
Current use
WAREHOUSE, STORAGE
$1,165,000
Change: +126% · Conversion: Difficult
OFFICE BUILDING
$725,000
Change: +41% · Conversion: Difficult
RESTAURANT
$595,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$585,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $775k (Jun 13 2023)
Last sale anchor
$775k
Jun 13 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
$99 / 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
$16,282
Tax year 2023
Assessed value
$280,000
Assessed 2023
Previous assessed
$280,000
+0.0% YoY
Effective rate
5.82%
On assessed value
Assessed land
$191,800
Assessed improvement
$88,200
Land market value
$548,000
Improvement market value
$252,000
Total market value
$800,000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Sale
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,765 SF
Lot
1.95 ac (84,942 SF)
Zoning code
B-1
APN
16-C-085-A-00-030-0
UPID
US66-2751761
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
FINANCIAL BUILDING Current
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$725,000
RESTAURANT
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$585,000
FINANCIAL BUILDING Current
WAREHOUSE, STORAGE
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
1980 Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 94839, CLEVELAND, OH 44101-4839
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2023
$775,000
1980 Holdings LLC
Keybank National Association
Limited Warranty Deed
—
Jan 7, 2008
$2,350,000
Keybank NA
Center Munson
Warranty Deed
—
—
—
Center Munson
—
Deed Of Trust
related
$1,598,000 · 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?”
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