Property profile

9179 Mentor Ave Mentor, OH 44060

FOR LEASE
Retail space
Property ID
US66-1477988
14,058 SF 2.28 ac lot Built 1989
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

This single-story, 14,058 square foot medical office building, situated on a 2.08-acre lot in Mentor, Ohio, presents a fantastic opportunity. Built in 1989 and renovated in 2000, the property features one building with multiple suites, currently offering 1,200 square feet of vacant space. A 2,600 square foot suite (G & H) is available, and it can be subdivided to accommodate various needs. Previously used as dental suites, this space is ideal for medical, dental, or general office uses, and even retail. The property boasts ample parking, separate gas and electric meters for each suite, and a highly visible location on Mentor Avenue, across from major retailers like Meijer and Chipotle. Its convenient access to SR 615, Heisley Road, SR 2, and Interstate 90 makes it easily accessible. The building is locally owned and managed. This is a rare opportunity to acquire a well-maintained, strategically located property in a thriving area of Lake County. The property's location offers excellent visibility and accessibility, making it an attractive option for a variety of businesses. Don't miss this chance to secure a prime location for your business.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Total area 14,058 SF
Lot 2.28 ac (99,143 SF)
APN 16-B-053-0-00-045-0
UPID US66-1477988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9179 Mentor Ave Mentor, OH 44060
Mentor metro Census 203500 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$265k

Owner & transaction history

since 2006
2 recorded transactions
2017
Price N/A
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.4M +54.0%
Auto repair, garage $1.2M +31.6%
Medical building $990,000 +10.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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