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Property profile & analytics
OFF-MARKET Estimated value $680,000
Super regional malls

9853 Johnnycake Rdg Rd Mentor, OH 44060-6700

20,494 SF 4.01 ac lot Built 1972
Entity Owned Free & Clear
Property ID
US66-2634192
Property summary
AI-generated overview

Concord Plaza, located at 9853 Johnnycake Ridge Rd in Mentor-on-the-Lake, Ohio 44060, offers a diverse range of office spaces for lease. This multi-tenant property totals 69,784 square feet and features a variety of sizes to accommodate various business needs. Nine individual suites are currently available, ranging from a minimum of 256 square feet to a maximum of 2,562 contiguous square feet. The smallest divisible unit is 500 square feet, providing flexibility for businesses of different scales. The property's classification includes both retail and office space, indicating a potentially vibrant and diverse tenant mix. The building's location in Mentor-on-the-Lake, Ohio offers convenient access to local amenities and transportation networks. Currently, 6,367 square feet of space is vacant, presenting a significant opportunity for businesses seeking immediate occupancy. The property's traditional office subtype suggests a classic and functional layout, suitable for a wide range of professional uses. Interested parties are encouraged to inquire about available suite sizes and lease terms. This is an excellent opportunity to establish a presence in a well-located and versatile commercial building. The property is ideal for businesses seeking a range of space options within a thriving community.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1972
Total area 20,494 SF
Lot 4.01 ac (174,588 SF)
Zoning code B1
APN 10-A-028-D-00-001-0
UPID US66-2634192
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
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
$799k
Blend (final) Blend
$680k
Owner & transaction history
CONCORD PLAZA LIMITED LIABILITY COMPANY
CONCORD PLAZA LIMITED LIABILITY COMPANY
Zoning & alternative use
B1 · Mentor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.1M +106.9%
Retail stores $850,000 +58.9%
Auto repair, garage $740,000 +38.3%
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