Individually Owned Property summary
This exceptional redevelopment opportunity presents a 95,192 square foot, two-building senior living facility situated on a 4.24-acre lot in Westlake, Ohio. The property, formerly operating as a rehabilitation and nursing center until November 2023, boasts 132 rooms (previously licensed for 140). Built in 1979 with renovations in 1984, the property includes four elevators, a fully equipped kitchen and laundry, and numerous amenities such as a beauty salon, dining rooms, therapy center,… lounges, library, greenhouse, and courtyard. A dedicated memory care unit was renovated in 2016. The property features a full sprinkler system, boiler heat with forced air central air conditioning, and two backup generators. Conveniently located at 27601 Westchester Parkway, it offers easy access to I-90 and Route 2, and is just 20 minutes from Cleveland Hopkins International Airport. The property is zoned R-MF24 and is offered at $4,000,000 ($42.02/sq ft). Conceptual drawings for assisted living conversion are available upon request. This distressed sale presents a unique chance to acquire a substantial property with significant potential for conversion into a thriving assisted living community. The property's existing infrastructure and amenities provide a solid foundation for a successful redevelopment project. Parcel numbers are 21204048 and 21204002.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 52,714 SF
- Lot area
- 2.34 ac
- Year built
- 1979
- Stories
- 2
- APN
- 212-04-048
- Zoning
- R-MF24
- Assessed value · 2023
- $1,703,420
- Annual tax · 2023
- $136,040
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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