Lake County · Mentor
Sell Your Commercial Property In Mentor, OH
We are an active buyer of Mentor commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Mentor-on-the-Lake · Willoughby · Painesville · Kirtland — Lake County, OH
Market Snapshot
Renter Demand In Mentor
Mentor, Ohio is a Lake County city of 47,171 residents along U.S. Route 20, where renters hold 15.3% of occupied homes and median household income is $88,949, under the Census Bureau's ACS 2020-2024 estimates. Owners who want to sell commercial property in Mentor, OH are pricing into a market where 10.8% of homes sit in 5+ unit buildings and median rent runs $1,239 a month. Skyline Capital Investments buys 5+ unit apartment buildings and prices offers from current Census, HUD and county figures.
Great Lakes Mall
Great Lakes Mall's 1,249,450-square-foot regional center anchors Mentor's U.S. Route 20 retail corridor (WPG, 2026).Manufacturing base
Mentor counts 300-plus manufacturers shipping over $2.5 billion in products yearly, including Avery Dennison's label plant (City of Mentor).UH Lake County hospitals
University Hospitals runs 237-bed Lake West in Willoughby and 144-bed TriPoint in Concord Township, both near Mentor (UH).Our Buy Box
What We Buy In Mentor
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Mentor Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Mentor
Renter households hold 3,119 of Mentor's 20,355 occupied homes, a 15.3% share, under the Census Bureau's ACS 2020-2024 estimates. Homes in buildings of five or more units make up 10.8% of Mentor's 21,142 total housing units, and the median Mentor home was built in 1974. Owners who plan to sell multifamily property in Mentor are pricing into an older, mostly owner-occupied market where multifamily stock is a minority share.
Rents and affordability in Mentor
Median gross rent in Mentor runs $1,239 a month, about 19.8% above Ohio's $1,034 median, per ACS 2020-2024 estimates. Owners who want to sell commercial real estate in Mentor, OH are pricing against HUD's FY2027 fair market rents for the Cleveland, OH HUD Metro FMR Area, which covers Lake County, effective October 1, 2026.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $924 |
| One-bedroom | $1,050 |
| Two-bedroom | $1,274 |
| Three-bedroom | $1,628 |
| Four-bedroom | $1,756 |
Nearly 38.0% of Mentor renters pay 30% or more of income toward rent, per ACS 2020-2024 estimates.
Property taxes in Lake County
Owners who sell commercial property in Mentor, OH pay a transfer cost first: Lake County's conveyance fee is $4.00 per $1,000 of sale price, a $1.00 mandatory fee under ORC 319.54(G)(3) plus the county's $3.00 permissive fee under ORC 322.02, which comes to $8,000 on a $2,000,000 sale. Ohio caps taxable value at 35% of true value under ORC 5715.01(B), so that same $2,000,000 Mentor building is taxed on $700,000. At the Mentor City commercial effective rate of 63.665369 mills for tax year 2024, payable 2025, the Lake County Treasurer's rate table puts the annual bill near $44,566, before any special assessment.
Landlord rules in Ohio
Owners selling commercial property in Mentor still answer to Ohio Revised Code Chapter 5321 through closing. Security deposits above $50 or one month's rent earn 5% annual interest once a tenant stays six months, and landlords must itemize deductions and settle the deposit within 30 days of move-out under ORC 5321.16. Ending a month-to-month tenancy takes 30 days' notice under ORC 5321.17, and an eviction for nonpayment needs the three-day notice ORC 1923.04 requires before filing. ORC 5321.19 bars Mentor and Lake County from adopting local rent control.
What it means for an owner
Owners ready to sell commercial property in Mentor, OH are working with a 47,171-resident city where renters hold a 15.3% share of occupied homes and the median building dates to 1974, under ACS 2020-2024 estimates.
Those who sell your apartment building in Mentor can start with Skyline Capital Investments' cap rate calculator and the sell my apartment building page for local terms.
Before You Sell
Pricing Your Building In Mentor
More about selling in Ohio →Investing in Mentor? See apartment syndications in Mentor →
- Owners who sell commercial real estate in Mentor, OH should confirm the Mentor City effective rate before pricing.
- Lake County charges a $4.00-per-$1,000 conveyance fee on every Mentor apartment-building transfer at closing.
- Ohio Revised Code 5321.19 bars Mentor from adopting local rent control on private rental housing.
Seller Guides
Your Situation, Handled — Mentor
Learn More
Taxes & Rules For Mentor Property
The Ohio rules that shape any deal in Mentor: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Mentor Seller FAQ
How much does it cost to sell commercial property in Mentor, OH?
Lake County charges $4.00 per $1,000 of sale price: a $1.00 mandatory fee under Ohio Revised Code 319.54(G)(3) plus the county's $3.00 permissive fee under Ohio Revised Code 322.02. On a $2,000,000 Mentor sale, that totals $8,000 due at closing, plus a $0.50 per-parcel transfer fee.
What should an owner know before they sell commercial real estate in Mentor, OH?
Renters hold 3,119 of Mentor's 20,355 occupied homes, a 15.3% share, under ACS 2020-2024 estimates. Homes in buildings of five or more units make up 10.8% of Mentor's 21,142 housing units, and the median year built is 1974, so buyers price age into every offer.
How much is rent in Mentor, Ohio right now?
Mentor's median gross rent is $1,239 a month under ACS 2020-2024 estimates, about 19.8% above Ohio's $1,034 median. HUD's FY2027 fair market rent for a two-bedroom in the Cleveland, OH HUD Metro FMR Area, which covers Lake County, is $1,274, effective October 1, 2026.
What will property taxes run on an apartment building in Mentor?
Ohio caps taxable value at 35% of true value under ORC 5715.01, so a $2,000,000 Mentor building is taxed on $700,000. At the Mentor City commercial effective rate of 63.665369 mills for tax year 2024, payable 2025, that building owes about $44,566 a year before special assessments.
Does Mentor, Ohio allow local rent control?
No. Ohio Revised Code 5321.19 bars Mentor and Lake County from enacting rent control or rent stabilization on private rental housing. Landlords instead follow Chapter 5321, including a 30-day itemized deposit accounting and the three-day notice ORC 1923.04 requires before filing an eviction action for nonpayment.
What if my Mentor building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my Mentor apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in Mentor without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Mentor?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Get An Offer Review In Mentor
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
