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Property profile & analytics
OFF-MARKET
Estimated value
$4,445,000
Assisted living facilities
15435 Bagley Rd, Middleburg Heights, OH 44130-4827
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6246902
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
WOOD
Total area
50,334 SF
Lot
6.41 ac (279,437 SF)
Zoning code
SR/LC
APN
373-26-018
UPID
US66-6246902
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
$4.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.45M
Owner & transaction history
Middleburg Heights Alf Property LLC · 2 yrs held
Middleburg Heights Alf Property LLC
since 2023
Last sale
$4.5M
3 recorded transactions
Zoning & alternative use
SR/LC · Middleburg 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 Middleburg Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleburg 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
Method
Estimation
Statistic approach
$4,235,000
ML approach
$4,470,000
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)
$7,185,000
Current use
Blend value · Realmo final
$4.45M
Range $4.00M – $4.89M · ±10% · vs last sale $4.54M (Aug 15 2023)
Last sale anchor
$4.54M
Aug 15 2023
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
$88 / 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
$145,601
Tax year 2023
Assessed value
$1,728,060
Assessed 2023
Previous assessed
$1,728,060
+0.0% YoY
Effective rate
8.43%
On assessed value
Assessed land
$557,480
Assessed improvement
$1,170,580
Land market value
$1,592,800
Improvement market value
$3,344,500
Total market value
$4,937,300
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
Off-Market
Year built
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
95
Bathrooms
99
Total area
50,334 SF
Lot
6.41 ac (279,437 SF)
Zoning code
SR/LC
APN
373-26-018
UPID
US66-6246902
Jurisdiction
CUYAHOGA
Zoning & alternative use
SR/LC · Middleburg Heights, OH
Zoning SR/LC · permitted uses
SR/LC · Middleburg Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleburg Heights. 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
$7.2M
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
1998
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
95
Bathrooms
99
Lot
6.41 ac
Current owner
From public records · entity-resolved
Middleburg Heights Alf Property LLC
Entity
Mailing address
PO BOX 21698, COLUMBUS, OH 43221-0698
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2023
$4,535,000
Middleburg Heights Alf Property LLC
Welltower Op LLC
Limited Warranty Deed
$7,100,000 · The National Bank Of Indianapolis
Oct 1, 2004
$8,740,000
Health Care Reit INC
Al Investors Middleburg Height
Grant Deed
—
Jan 7, 1999
$7,888,300
Al Investors Middleburg Hts
Meditrust Co LLC
Grant Deed
$7,280,000 · Gmac Mortgage Corp Pa
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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