7824 ReynoldsMentor, OH 44060

  • Retail properties
  • 9,890 SF
For Lease

Property Details for 7824 Reynolds

Year built
1995
Lot size
1.85 AC
Property size (Sq ft)
9,890 SF
Zone code
M-1
Property type
Retail properties
Property subtype
Turn key restaurants
APN
16-B-029-E-00-003-0
APU
16B029E000030

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,615,439
    6.5%
    $2,414,252
    7%
    $2,241,805
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,331,279
    Geo Method
    $2,331,279
  • Alternative Use

    Use
    Valuation
    Residential
    $2,036,511
    Hospitality
    $1,865,434
    Educational
    $1,552,019
    Medical
    $1,605,395
    Retail
    $2,414,252
7824 Reynolds, Mentor, Ohio

Location Insight

City
Mentor
County
Lake
State
Ohio
Latitude
41.6583
Longitude
-81.3786
CBSA code
17460
CBSA name
CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $207,540
  • Assessed land value
    $113,320
  • Assessed value
    $320,860
  • Tax year
    2023
  • Tax bill
    $25,968

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