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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Retail space
8889 Mentor Ave 8897 Mentor, OH 44060-6211
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-0653480
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
8,520 SF
Lot
0.67 ac (29,185 SF)
Zoning code
R-2
APN
16-B-052-C-00-014-0
UPID
US66-0653480
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
$755k
Blend (final)
Blend
$685k
Owner & transaction history
Noreen Brown LLC · 1 yrs held
Noreen Brown LLC
since 2024
3 recorded transactions
Zoning & alternative use
R-2 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+54.0%
Auto repair, garage
$715,000
+31.6%
Medical building
$600,000
+10.5%
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
Alternative Use
Use
Estimation
RETAIL STORES
$545,000
Current use
OFFICE BUILDING
$835,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$715,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$595,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$555,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$80 / 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
$19,695
Tax year 2023
Assessed value
$270,090
Assessed 2023
Previous assessed
$270,090
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$132,790
Assessed improvement
$137,300
Land market value
$379,410
Improvement market value
$392,280
Total market value
$771,690
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
8,520 SF
Lot
0.67 ac (29,185 SF)
Zoning code
R-2
APN
16-B-052-C-00-014-0
UPID
US66-0653480
Jurisdiction
LAKE
Zoning & alternative use
R-2 · Mentor, OH
Zoning R-2 · permitted uses
R-2 · 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
RETAIL STORES Current
Est. value
$545,000
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$715,000
MEDICAL BUILDING
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$555,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Noreen Brown LLC
Entity
Free & Clear · 1 yrs held
Mailing address
13901 RDG RD STE #395, NORTH ROYALTON, OH 44133-4800
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Noreen Brown LLC
Gliss Properties
Warranty Deed
—
Jan 31, 2001
$900,000
Gliss Properties
C R Mentor
Grant Deed
$650,000 · Park View Fsb
—
—
Gliss Properties
—
Deed Of Trust
related
$444,749 · Park View 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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