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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Flex space
8521 Ee Ave Mentor, OH 44060-4358
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1178204
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1983
Total area
7,700 SF
Lot
0.64 ac (27,878 SF)
Zoning code
M-1
APN
16-B-052-P-00-044-0
UPID
US66-1178204
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
$555k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$373k
Blend (final)
Blend
$560k
Owner & transaction history
Rw Nash LLC · 2 yrs held
Rw Nash LLC
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
M-1 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$755,000
+120.8%
Auto repair, garage
$645,000
+88.7%
Medical building
$540,000
+58.4%
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
$595,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$340,000
Current use
OFFICE BUILDING
$755,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$645,000
Change: +89% · Conversion: Easy
MEDICAL BUILDING
$540,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$500,000
Change: +47% · Conversion: Easy
RETAIL STORES
$490,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $550k (Sep 15 2023)
Last sale anchor
$550k
Sep 15 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
$73 / 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
$7,219
Tax year 2023
Assessed value
$99,000
Assessed 2023
Previous assessed
$99,000
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$34,150
Assessed improvement
$64,850
Land market value
$97,570
Improvement market value
$185,290
Total market value
$282,860
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1983
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,700 SF
Lot
0.64 ac (27,878 SF)
Zoning code
M-1
APN
16-B-052-P-00-044-0
UPID
US66-1178204
Jurisdiction
LAKE
Zoning & alternative use
M-1 · Mentor, OH
Zoning 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
Mentor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$340,000
OFFICE BUILDING
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$645,000
MEDICAL BUILDING
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$500,000
RETAIL STORES
Est. value
$490,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Rw Nash LLC
Entity
Mailing address
11322 SAINT ANDREWS WAY, CONCORD TOWNSHIP, OH 44077-9023
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
$550,000
Rw Nash LLC
Terrence P Chubb
Limited Warranty Deed
$500,000 · Terrence Chubb
Dec 18, 2015
$305,000
Terrence P Chubb
8521 East Ave LLC
Warranty Deed
—
Jul 23, 2004
—
Mona A Adamczewski
Dimberio Trsut
Quit Claim Deed
related
—
Sep 6, 2002
—
Gloria Dimberio
B & G Properties INC
Quit Claim Deed
related
—
—
—
8521 East Ave LLC
—
Deed Of Trust
related
$100,949 · Huntington National Bank
—
—
Dimberio,tr
—
Deed Of Trust
related
$300,000 · Mary & Thomas Mcgarry
—
—
8521 East Ave LLC
—
Deed Of Trust
related
$130,000 · Firstmerit Bank NA
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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