New search
Property profile & analytics
FOR LEASE
Medical Office Space
9500 Mentor Ave, Mentor, OH 44060
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2023837
For Lease
1 / 3
$16 SF/Yr
9500 Mentor Ave, Mentor, OH 44060
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
55,608 SF
Lot
4.45 ac (193,711 SF)
Zoning code
B-2
APN
16-A-027-0-00-009-0
UPID
US66-2023837
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
$6.94M
CAP Approach
CAP
$9.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.33M
Owner & transaction history
Gmr Mentro LLC · 4 yrs held
Gmr Mentro LLC
since 2021
Last sale
$10.1M
5 recorded transactions
Zoning & alternative use
B-2 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.0M
+156.7%
Office building
$5.5M
+39.4%
Auto repair, garage
$4.7M
+19.1%
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
$7,325,000
ML approach
$6,940,000
CAP Approach
CAP Return
Estimation
6%
$10,335,000
6.5%
$9,540,000
7%
$8,860,000
Alternative Use
Use
Estimation
RESTAURANT
$10,045,000
Change: +157% · Conversion: Difficult
OFFICE BUILDING
$5,455,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,660,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$7.33M
Range $6.60M – $8.06M · ±10% · vs last sale $10.09M (Dec 22 2021)
Last sale anchor
$10.09M
Dec 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
$132 / 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
$152,634
Tax year 2023
Assessed value
$2,093,190
Assessed 2023
Previous assessed
$2,093,190
+0.0% YoY
Effective rate
7.29%
On assessed value
Assessed land
$610,090
Assessed improvement
$1,483,100
Land market value
$1,743,110
Improvement market value
$4,237,420
Total market value
$5,980,530
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
55,608 SF
Lot
4.45 ac (193,711 SF)
Zoning code
B-2
APN
16-A-027-0-00-009-0
UPID
US66-2023837
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
RESTAURANT
Est. value
$10.0M
OFFICE BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.45 ac
Current owner
From public records · entity-resolved
Gmr Mentro LLC
Entity
Mailing address
7373 WISCONSIN AVE STE #800, BETHESDA, MD 20814-3767
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$10,085,000
Gmr Mentro LLC
Lake Ambulatory Care Center LLC
Limited Warranty Deed
—
Oct 8, 2019
—
Ambulatory Care Center LLC
—
Deed
related
$4,500,000 · Home Svgs Bk
Apr 9, 2004
—
Lake Ambulatory Care Center Ll
—
Deed Of Trust
related
$5,325,000 · Ge Capital Business Asset Fund
—
—
Lake Ambulatory Care Center Ll
—
Deed Of Trust
related
$4,500,000 · Home S&l/youngstown
—
—
Ambulatory Care Center LLC
—
Loan Modification
related
$4,500,000 · Home Svgs Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
