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Property profile & analytics
OFF-MARKET
Estimated value
$2,525,000
Office buildings
8500 Sta St Mentor, OH 44060-4943
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1168661
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1901
Total area
70,776 SF
Lot
2.88 ac (125,453 SF)
Zoning code
M-1
APN
16-B-039-A-00-013-0
UPID
US66-1168661
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
$3.31M
Blend (final)
Blend
$2.53M
Owner & transaction history
The Matchworks Of Mentor LLC · 1 yrs held
The Matchworks Of Mentor LLC
since 2024
7 recorded transactions
Zoning & alternative use
M-1 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the M- 1 District shall be to provide locations for activities generally understood to be manufacturing activities in a manner conducive to the creation of new job opportunities, minimization of impacts on other districts, and providing access to materials and adequate transportation facilities.
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
1,452.92 ac
Source
Realmo
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
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±10%
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
$36 / 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
$36,851
Tax year 2023
Assessed value
$505,360
Assessed 2023
Previous assessed
$505,360
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$91,080
Assessed improvement
$414,280
Land market value
$260,240
Improvement market value
$1,183,670
Total market value
$1,443,910
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 (MULTI-STORY)
Status
Off-Market
Year built
1901
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
70,776 SF
Lot
2.88 ac (125,453 SF)
Zoning code
M-1
APN
16-B-039-A-00-013-0
UPID
US66-1168661
Jurisdiction
LAKE
Zoning & alternative use
M-1 · Mentor, OHZoning M-1 · permitted uses
M-1 · Mentor, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the M- 1 District shall be to provide locations for activities generally understood to be manufacturing activities in a manner conducive to the creation of new job opportunities, minimization of impacts on other districts, and providing access to materials and adequate transportation facilities.
Zone name
Light Manufacturing
General category
INDUSTRIAL
Zone area
1,452.92 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1901
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.88 ac
Current owner
From public records · entity-resolved
The Matchworks Of Mentor LLC
Entity
Free & Clear · 1 yrs held
Mailing address
8500 STA ST, MENTOR, OH 44060-4943
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
$60,500
The Matchworks Of Mentor LLC
The Cleveland Clininc Foundation
Deed
—
Jun 22, 2022
—
The Matchworks Of Mentor LLC
—
Deed
related
$2,931,500 · Unify Financial FCU
Jul 17, 2018
—
Matchworks Of Mentor LLC
—
Grant Deed
related
$2,500,000 · Park Nat'l Bk
May 25, 2018
—
Cleveland Clinic Foundation
Taa LLC
Warranty Deed
related
—
Oct 15, 2015
$1,350,000
The Matchworks Of Mentor LLC
8500 Station Street LLC
Warranty Deed
$500,000 · First National Bank Of Pennsylvania
Mar 4, 2013
$1,500,000
8500 Station Street LLC
Mckay Real Estate Corp
Grant Deed
—
Feb 7, 2012
—
Matchworks LLC
Heisley-hopkins INC
Quit Claim Deed
related
—
Jul 19, 2011
—
Heisley-hopkins INC
Mckay Real Estate Corp
Quit Claim Deed
related
—
Nov 14, 2006
—
Mckay Real Estate Corp
Osair INC
Quit Claim Deed
related
—
—
—
8500 Station Street LLC
—
Deed Of Trust
related
$15,334,000 · Sun Life Assurance Co
—
—
Mckay Real Estate Corp
—
Deed Of Trust
related
$1,850,000 · Citizens Federal Bank Fsb
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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