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Property profile & analytics
OFF-MARKET
Estimated value
$2,895,000
Assisted living facilities
1011 Byrne Rd, Toledo, OH 43607-2710
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2556701
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1963
Total area
43,417 SF
Lot
4.84 ac (210,830 SF)
Zoning code
10-RM36
APN
20-04607
UPID
US66-2556701
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
Current use
Occupant on record · Public records
-
The Laurels of Toledo Nursing Home
-
Divine Rehabilitation and Nursing at Toledo Nursing Home
-
David Connell Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.74M
Blend (final)
Blend
$2.90M
Owner & transaction history
Toledo Byrne Propco Dst · 3 yrs held
Toledo Byrne Propco Dst
since 2022
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
10-RM36 · Toledo, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+98.7%
Retail stores
$3.4M
+68.5%
Medical building
$2.7M
+32.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,665,000
ML approach
$2,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$2,010,000
Current use
COMMERCIAL (GENERAL)
$3,990,000
Change: +99% · Conversion: Difficult
RETAIL STORES
$3,385,000
Change: +69% · Conversion: Difficult
MEDICAL BUILDING
$2,665,000
Change: +33% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,295,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$1,980,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±10% · vs last sale $3.08M (Dec 6 2022)
Last sale anchor
$3.08M
Dec 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$99,263
Tax year 2023
Assessed value
$1,077,300
Assessed 2023
Previous assessed
$1,769,530
-39.1% YoY
Effective rate
9.21%
On assessed value
Assessed land
$110,215
Assessed improvement
$967,085
Land market value
$314,900
Improvement market value
$2,763,100
Total market value
$3,078,000
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1963
Heating
NONE
Stories
1
Units
93
Total area
43,417 SF
Lot
4.84 ac (210,830 SF)
Zoning code
10-RM36
APN
20-04607
UPID
US66-2556701
Jurisdiction
LUCAS
Zoning & alternative use
10-RM36 · Toledo, OH
Zoning 10-RM36 · permitted uses
10-RM36 · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Stories
1
Units
93
Lot
4.84 ac
Current owner
From public records · entity-resolved
Toledo Byrne Propco Dst
Individual
Mailing address
1632 61ST ST, BROOKLYN, NY 11204-2109
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
$3,078,000
Toledo Byrne Propco Dst
Toledo Oh Propco LLC
Limited Warranty Deed
$18,657,927 · East West Bank
Dec 9, 2020
—
Toledo Oh Propco LLC
—
Deed Of Trust
$13,950,000 · Dmt Spe I LLC
Dec 7, 2020
—
Toledo Oh Propco LLC
Ohi Asset LLC
Grant Deed
related
—
Feb 4, 2016
$13,875,492
Ohi Asset Oh Toledo LLC
Laurels Of Toledo LLC
Warranty Deed
—
Dec 23, 2014
—
Laurels Of Toledo LLC
—
Grant Deed
related
$16,028,148 · Citizens Bk
Sep 28, 2007
$3,555,000
The Laurels Of Toledo LLC
Stone Family Enterprises LLC
Warranty Deed
$6,960,000 · National City Bank
Jul 10, 2006
—
Stone Family Ents LLC
—
Trustees Deed
related
$100,000 · Toledo City
Apr 18, 2006
$820,000
Stone Family Ents LLC
Smv Toledo LLC
Grant Deed
$2,000,000 · Monroe Bank & Trust
Jun 17, 2005
$4,717,898
Smv Toledo LLC
Mariner Health Care Of Toledo INC
Grant Deed
$820,000,000 · Column Financial INC
—
—
Stone Family Ents LLC
—
Deed Of Trust
related
$200,000 · Laurels Of Toledo LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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