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Property profile & analytics
OFF-MARKET
Estimated value
$10,280,000
Grocery and convenience stores
9200 Mentor Ave Mentor, OH 44060-6479
Entity Owned
11-yr Hold
Free & Clear
Property ID
US66-2010947
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2018
Total area
158,554 SF
Lot
23.1 ac (1,006,410 SF)
Zoning code
B-2
APN
16-A-026-0-00-052-0
UPID
US66-2010947
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
$10.61M
Blend (final)
Blend
$10.28M
Owner & transaction history
Meijer Stores LP · 11 yrs held
Meijer Stores LP
since 2015
4 recorded transactions
Zoning & alternative use
B-2 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.6M
+54.0%
Auto repair, garage
$13.3M
+31.6%
Medical building
$11.2M
+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
$10,100,000
Current use
OFFICE BUILDING
$15,550,000
Change: +54% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,290,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$11,155,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,070,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$10,340,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$10.28M
Range $9.25M – $11.31M · ±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
$65 / 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
$379,306
Tax year 2023
Assessed value
$3,796,120
Assessed 2023
Previous assessed
$3,796,120
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$2,060,420
Assessed improvement
$1,735,700
Land market value
$5,886,900
Improvement market value
$4,959,140
Total market value
$10,846,040
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
16
Total area
158,554 SF
Lot
23.1 ac (1,006,410 SF)
Zoning code
B-2
APN
16-A-026-0-00-052-0
UPID
US66-2010947
Jurisdiction
LAKE
Zoning & alternative use
B-2 · Mentor, OH
Zoning B-2 · permitted uses
B-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
$10.1M
OFFICE BUILDING
Est. value
$15.6M
AUTO REPAIR, GARAGE
Est. value
$13.3M
MEDICAL BUILDING
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$11.1M
WAREHOUSE, STORAGE
Est. value
$10.3M
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
2018
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
16
Lot
23.1 ac
Current owner
From public records · entity-resolved
Meijer Stores LP
Entity
Free & Clear · 11 yrs held
Mailing address
2929 WALKER AVE NW, GRAND RAPIDS, MI 49544-6402
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2015
$7,500
Meijer Stores LP
Fi Mentor II Ltd
Grant Deed
—
Feb 27, 2007
—
F I Mentor III LLC
F I Mentor II Ltd
Quit Claim Deed
—
Jul 21, 2005
—
F I Mentor II Ltd
Mentor Commons LP
Limited Warranty Deed
$8,400,000 · Ubs Real Estate Investments INC
—
—
Fi Mentor III LLC
—
Deed Of Trust
related
$950,000 · Tristate Capital Bank
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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