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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Flex space
9345 Progress Pkwy 9355 Mentor, OH 44060-1855
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-6226136
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Total area
19,120 SF
Lot
3.12 ac (135,907 SF)
Zoning code
MIP
APN
16-B-064-A-00-015-0
UPID
US66-6226136
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
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$650k
Owner & transaction history
Aqua Ohio INC · 5 yrs held
Aqua Ohio INC
since 2021
Last sale
$886,000
6 recorded transactions
Zoning & alternative use
MIP · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$645,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$850,000
Current use
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $886k (Jun 22 2021)
Last sale anchor
$886k
Jun 22 2021
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
$34 / 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
$12,463
Tax year 2023
Assessed value
$169,470
Assessed 2023
Previous assessed
$169,470
+0.0% YoY
Effective rate
7.35%
On assessed value
Assessed improvement
$169,470
Improvement market value
$484,210
Total market value
$484,210
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
1982
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
19,120 SF
Lot
3.12 ac (135,907 SF)
Zoning code
MIP
APN
16-B-064-A-00-015-0
UPID
US66-6226136
Jurisdiction
LAKE
Zoning & alternative use
MIP · Mentor, OH
Zoning MIP · permitted uses
MIP · 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
$850,000
INDUSTRIAL (GENERAL) Current
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.12 ac
Current owner
From public records · entity-resolved
Aqua Ohio INC
Entity
Mailing address
6650 SS AVE, BOARDMAN, OH 44512-3624
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2021
—
Aqua Ohio INC
Aqua Ohio INC
Intrafamily Transfer
related
—
Jun 9, 2021
$886,000
Aqua Ohio INC
Flex Properties Ltd
Warranty Deed
—
Jan 31, 2012
$163,400
Flex Properties Ltd
Mccarthy Group LLC
Warranty Deed
—
Sep 10, 2004
$450,000
Mccarthy Group LLC
Flex Properties Ltd
Warranty Deed
—
May 5, 1999
$925,000
Flex Properties Ltd
Chagrin Plastic Methods INC
Grant Deed
$725,000 · Firstar Bank
—
—
Flex Properties Ltd
—
Deed Of Trust
related
$495,836 · Us 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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