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Property profile & analytics
FOR LEASE
Assisted living facilities
1069 Klotz Rd Bowling Green, OH 43402
Entity Owned
~
Est. High Equity
Property ID
US66-1068168
For Lease
1 / 3
$12 SF/Yr
1069 Klotz Rd, Bowling Green, OH 43402
View Listing →
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1992
Total area
31,912 SF
Lot
3.94 ac (171,626 SF)
APN
B07-511-3004-01-028.500
UPID
US66-1068168
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
-
Karen Schieltz Physician
-
NWO Orthopedics and Sports Medicine Medical Clinic
-
Julie Boucher Physician
-
Daniel Elbert Physician
-
Cara Wagner Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$700k
Owner & transaction history
Merry Street LLC
Merry Street LLC
since 2025
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
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 Bowling Green submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bowling Green 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
$700,000
ML approach
$700,000
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)
$1,075,000
Current use
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Jun 7 2024)
Last sale anchor
$700k
Jun 7 2024
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
$22 / 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
$94,978
Tax year 2023
Assessed value
$1,571,960
Assessed 2023
Previous assessed
$1,571,960
+0.0% YoY
Effective rate
6.04%
On assessed value
Assessed land
$48,160
Assessed improvement
$1,523,800
Land market value
$137,600
Improvement market value
$4,353,700
Total market value
$4,491,300
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
For Lease
Year built
1992
Heating
NONE
Buildings
3
Stories
1
Total area
31,912 SF
Lot
3.94 ac (171,626 SF)
APN
B07-511-3004-01-028.500
UPID
US66-1068168
Jurisdiction
WOOD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1992
Heating
NONE
Stories
1
Buildings
3
Lot
3.94 ac
Current owner
From public records · entity-resolved
Merry Street LLC
Entity
Mailing address
125 PUTNAM ST STE #100, MARIETTA, OH 45750-2935
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
Als Bowling Green Realty LLC
—
Deed
related
$16,650,000 · Wesbanco Bank INC
Aug 18, 2025
$720,800
Merry Street LLC
John Hillver
Deed
$576,640 · The Union Bank Co
Jun 7, 2024
$700,000
Als Bowling Green Realty LLC
Debmar INC
Limited Warranty Deed
$2,396,184 · Wesbanco Bank INC
Aug 6, 2018
—
Debmar INC
—
Deed
related
$700,000 · First Federal Bank Of The Midwest
Jul 27, 2017
—
Debmar INC
—
Deed
related
$629,000 · First Fed'l Bk/the Midwest
—
—
Debmar INC
—
Deed Of Trust
related
$629,000 · First Fed'l Bk/the Midwest
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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