Technical
Financial
Distress signals
Property profile

9600 Mentor Ave Mentor, OH 44060

FOR LEASE
Retail space
Property ID
US66-1185253
122,256 SF 11.73 ac lot Built 2002
Entity Owned 14-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial land opportunity presents a rare chance to secure a highly visible outparcel directly in front of a Lowe's store. Located at the southeast corner of Mentor Avenue (SR 20) and Old Johnnycake Ridge Road in Mentor, Ohio, this property benefits from an unparalleled location within a thriving retail environment. Mentor boasts a robust economy, ranking as the sixth largest retail trade area in Ohio, with over 300 retail businesses generating nearly $1.5 billion in annual sales. The site's strategic placement ensures maximum exposure to a substantial daily traffic volume exceeding 26,000 vehicles at the intersection. This high-income area is characterized by a dense population, providing a large and readily accessible customer base. The property is offered as a ground lease only, presenting a flexible and potentially lucrative investment opportunity for developers seeking a prime location within a well-established and high-performing retail corridor. The site's visibility and proximity to a major retailer like Lowe's make it ideal for a variety of commercial uses, offering significant potential for long-term growth and return on investment. This is a truly exceptional opportunity to establish a presence in one of Ohio's most dynamic retail markets. The property is designated as commercial land and is classified as a single-tenancy outparcel within Lake County.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2002
Construction WOOD
Total area 122,256 SF
Lot 11.73 ac (510,959 SF)
Zoning code B-2
APN 16-A-027-0-00-021-0
UPID US66-1185253

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Garden Center
  • Building Supply Industrial Manufacturer
  • General Contractor
  • Locksmith (Bike/Boat/Book/etc) Store
  • Building Supply Hardware & Home Improvement

Location

9600 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
$6.75M
Blend (final) Blend
$7.39M

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

B-2 · Mentor, OH
Zoning description

069,070-0 requesting a variance to Sec. 1173.09 of the Mentor Code of Ordinances to allow the installation of parking spaces at a 0-ft. setback from the right-of-way in lieu of the minimum 10-ft. setback required in the…

General category COMMERCIAL
Top alternative use upside
Office building $12.0M +54.0%
Auto repair, garage $10.3M +31.6%
Medical building $8.6M +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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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