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    Property profile & analytics

    8455 Station St Mentor, OH 44060

    • Turn key restaurants
    • 5,159 SF
    • 0.62 lot acres
    For Sale
    View listing
    $575,000
    Value Estimation
    Last Sale
    Apr 03, 2023
    $480,000
    Location Intelligence
    Property ID
    US66-6178834
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 8455 Station St

    Year built
    1985
    Lot size
    0.62 lot acres
    Property size
    5,159 SF
    Zone code
    M-1
    Property type
    Turn key restaurants
    APN
    16-B-039-A-00-022-0
    APU
    16B039A000220

    Description

    This exceptional 5,159 square foot retail property, situated on a 2.05-acre lot at 8455 Station Street in Mentor, Ohio, presents a unique investment opportunity. The property boasts a rich history and currently operates as a full-service restaurant, event/party center, and bar. Its prime location in the heart of Mentor ensures high visibility and foot traffic. The building's versatility is further enhanced by an additional 3,500 square feet of covered outdoor space, perfect for al fresco dining or event hosting. All existing equipment and a valuable liquor license are included in the sale price of $725,000. This turnkey operation benefits from its proximity to key attractions such as the Great Lakes Mall, Mentor Civic Amphitheater, and Mentor Lagoons Nature Preserve, drawing a consistent stream of customers from both local residents and tourists. The surrounding area is characterized by a diverse mix of retail and dining establishments, creating a vibrant and bustling commercial environment. This property is ideally suited for investors seeking a profitable venture in the retail or restaurant sector, offering a blend of established business and significant growth potential within a thriving community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $520,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $455,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $475,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $445,000
      Mixed-Use
      $430,000
      Hospitality
      $450,000
      Educational
      $475,000
      Residential Income
      $380,000
      Energy
      $475,000
      Income-Based Land
      $390,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Mentor
    County
    Lake
    State
    Ohio
    Longitude
    -81.3382
    Latitude
    41.6788
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,992
    $23,630
    $113,400
    $137,030
    -
    $67,520
    $323,990
    $391,510

    Comparable in this City

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      7695 Lk Shr Blvd

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      8450 Market St

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      7123 Mentor Ave

      RESTAURANT • 17,280 SF
      7123 Mentor Ave, Mentor, OH 44060
      View Details
    • Value Estimation
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      4,745 SF

      9055 Mentor Ave

      RESTAURANT • 4,745 SF
      9055 Mentor Ave, Mentor, OH 44060-6463
      View Details

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    • New
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      Historical Retail Property in Mentor

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      8455 Station St, Mentor, OH 44060
      View Details
    • $2,500,000
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    8455 Station St
    Mentor, OH 44060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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