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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
9409 Mercantile Dr Mentor, OH 44060-4524
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-2101839
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1993
Total area
12,856 SF
Lot
1.03 ac (44,867 SF)
Zoning code
M-1
APN
16-B-061-D-00-011-0
UPID
US66-2101839
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
$760k
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$590k
Owner & transaction history
Alr Holdings LLC · 1 yrs held
Alr Holdings LLC
since 2025
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
M-1 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$905,000
+58.4%
Commercial (general)
$900,000
+57.2%
Warehouse, storage
$840,000
+46.8%
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
$545,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$825,000
6.5%
$760,000
7%
$705,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$570,000
Current use
MEDICAL BUILDING
$905,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$900,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$840,000
Change: +47% · Conversion: Easy
RETAIL STORES
$820,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $800k (Oct 22 2024)
Last sale anchor
$800k
Oct 22 2024
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
$46 / 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
$9,156
Tax year 2023
Assessed value
$124,090
Assessed 2023
Previous assessed
$124,090
+0.0% YoY
Effective rate
7.38%
On assessed value
Assessed land
$23,210
Assessed improvement
$100,880
Land market value
$66,320
Improvement market value
$288,230
Total market value
$354,550
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
12,856 SF
Lot
1.03 ac (44,867 SF)
Zoning code
M-1
APN
16-B-061-D-00-011-0
UPID
US66-2101839
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
$570,000
MEDICAL BUILDING
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$900,000
WAREHOUSE, STORAGE
Est. value
$840,000
RETAIL STORES
Est. value
$820,000
INDUSTRIAL (GENERAL) Current
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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Alr Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1895 BLASE NEMETH DR, MENTOR, OH 44060
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jan 22, 2025
$800,000
Alr Holdings LLC
Mccartney Enterprises LLC
Warranty Deed
—
Dec 4, 2023
$505,000
Mccartney Enterprises LLC
Ek North Creek LLC
Warranty Deed
—
Dec 4, 2023
$495,000
Ek North Creek LLC
Mccartney Enterprises LLC
Release/satis. Of Agrem. Of Sale (fee Property)
related
—
Dec 29, 2015
$380,000
E K North Creek LLC
Mercantile North INC
Warranty Deed
—
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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