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Property profile & analytics
OFF-MARKET
Estimated value
$2,550,000
Assisted living facilities
10204 Granger Rd Garfield Heights, OH 44125-3106
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0452820
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1995
Construction
TYPE NOT SPECIFIED
Total area
61,167 SF
Lot
6.54 ac (284,751 SF)
Zoning code
U-8
APN
542-28-002
UPID
US66-0452820
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.55M
Owner & transaction history
Jennings Real Estate LLC · 4 yrs held
Jennings Real Estate LLC
since 2022
5 recorded transactions
Zoning & alternative use
U-8 · Garfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Garfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garfield Heights 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$42 / 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
$974,481
Tax year 2023
Assessed value
$8,463,150
Assessed 2023
Previous assessed
$8,463,150
+0.0% YoY
Effective rate
11.51%
On assessed value
Assessed land
$199,330
Assessed improvement
$8,263,820
Land market value
$569,500
Improvement market value
$23,610,900
Total market value
$24,180,400
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
1995
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
3
Units
72
Bathrooms
72
Total area
61,167 SF
Lot
6.54 ac (284,751 SF)
Zoning code
U-8
APN
542-28-002
UPID
US66-0452820
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-8 · Garfield Heights, OH
Zoning U-8 · permitted uses
U-8 · Garfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garfield Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
5
Units
72
Bathrooms
72
Lot
6.54 ac
Current owner
From public records · entity-resolved
Jennings Real Estate LLC
Entity
Mailing address
10120 GRANGER RD, GARFIELD HEIGHTS, OH 44125
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
Jennings Real Estate LLC
Jennings Center For Older Adults
Ground Lease
related
$11,873,000 · Ziegler Financing Corporation
Mar 29, 2021
—
Jennings Center For Older Adults
Sisters Of The Holy Spirit
Warranty Deed
—
Jan 30, 2012
—
Sisters Of The Holy Spirit
—
Deed Of Trust
related
$1,100,000 · Firstmerit Bank NA
Dec 17, 2010
—
St Ritas Senior Housing LLC
—
Deed Of Trust
related
$2,000,000 · Third Fed'l S&l Assn Cleveland
Dec 23, 2009
—
Jennings Ctr For Older Adults
—
Deed Of Trust
related
$15,585,000 · Firstmerit Bank NA
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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