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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Assisted living facilities
12200 Fairhill Rd Cleveland, OH 44120-1058
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1403995
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1925
Total area
2,800 SF
Lot
9.62 ac (419,100 SF)
Zoning code
MF3+
APN
129-04-012
UPID
US66-1403995
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
-
Doan Brook Watershed Partnership Charitable Organization Social Service Agency
-
Enhancement Ministries Church
-
Rooted Blossoms Alternative Medicine Practice Spiritual Center
-
Visions of Drama Hair Salon Nail Salon
-
Apprisen Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$690k
Owner & transaction history
Arthur J Sanders · 3 yrs held
Arthur J Sanders
since 2022
4 recorded transactions
Zoning & alternative use
MF3+ · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$455,000
+13.3%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
by Request
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$455,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±10%
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
$246 / 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
$19,879
Tax year 2023
Assessed value
$2,011,070
Assessed 2023
Previous assessed
$2,011,070
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$586,740
Assessed improvement
$1,424,330
Land market value
$1,676,400
Improvement market value
$4,069,500
Total market value
$5,745,900
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
1925
Heating
HOT WATER
Cooling
NONE
Buildings
8
Stories
2
Rooms
5
Bathrooms
5
Total area
2,800 SF
Lot
9.62 ac (419,100 SF)
Zoning code
MF3+
APN
129-04-012
UPID
US66-1403995
Jurisdiction
CUYAHOGA
Zoning & alternative use
MF3+ · Cleveland, OH
Zoning MF3+ · permitted uses
MF3+ · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$455,000
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
1925
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
8
Rooms
5
Bathrooms
5
Lot
9.62 ac
Current owner
From public records · entity-resolved
Arthur J Sanders
Individual
Mailing address
12200 FAIRHILL RD, CLEVELAND, OH 44120-1058
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2022
—
Arthur J Sanders
Estate Of Helane Sanders
Certificate Of Transfer
—
Oct 28, 2020
—
Partners Fairhill
—
Deed
related
$645,000 · Huntington Nat'l Bk
Mar 21, 2012
—
Fairhill Partners
Fairhill Partners
Quit Claim Deed
related
$700,000 · Key Bank NA
—
—
Partners Fairhill
—
Deed Of Trust
related
$645,000 · Huntington Nat'l Bk
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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