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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Super regional malls
8435 Market St Mentor, OH 44060-4116
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-0726232
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1973
Total area
96,648 SF
Lot
9.21 ac (401,188 SF)
Zoning code
B-2
APN
16-C-078-0-00-014-0
UPID
US66-0726232
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
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
6699 Center Street Oh LLC · 5 yrs held
6699 Center Street Oh LLC
since 2021
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$14 / 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
$121,183
Tax year 2023
Assessed value
$1,661,880
Assessed 2023
Previous assessed
$1,661,880
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$491,460
Assessed improvement
$1,170,420
Land market value
$1,404,160
Improvement market value
$3,344,060
Total market value
$4,748,220
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
96,648 SF
Lot
9.21 ac (401,188 SF)
Zoning code
B-2
APN
16-C-078-0-00-014-0
UPID
US66-0726232
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
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
9.21 ac
Current owner
From public records · entity-resolved
6699 Center Street Oh LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6190 COCHRAN RD, SOLON, OH 44139-3322
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
—
6699 Center Street Oh LLC
Thomas M Wells
Quitclaim Deed
related
—
Mar 22, 2018
—
Uag Mentor Acquisition LLC
Penske Automotive Group INC
Grant Deed
related
—
Aug 24, 2016
—
Mentor Property LLC
—
Deed
related
$4,500,000 · Miscellaneous Ins Co
Feb 18, 2015
$5,012
Mentor Property LLC
Garrison Central Mentor LLC
Grant Deed
related
—
Jan 11, 2013
—
Garrison Central Mentor LLC
—
Deed Of Trust
related
$35,656,500 · Cit Financial Service
Dec 3, 2012
$3,000,000
Garrison Central Mentor LLC
Rich Hill INC
Grant Deed
—
Jan 14, 2004
$600,000
Lloyd D Ross
Mentor Center Ltd
Grant Deed
$450,000 · Sky Bank
Apr 26, 2002
$75,000
Schools Cu Mentor
Edens & Avant Holdings LLC
Grant Deed
related
—
—
—
John A Vatty
—
Deed Of Trust
related
$6,000 · Third Fed'l S&l Assn Cleveland
—
—
Mentor Property LLC
—
Deed Of Trust
related
$4,500,000 · Miscellaneous Ins Co
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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