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Property profile & analytics
OFF-MARKET
Medical Office Space
1565 London Ave Marysville, OH 43040-6809
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1780192
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Total area
44,023 SF
Lot
9.46 ac (411,947 SF)
APN
29-0019048.0020
UPID
US66-1780192
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
-
Heritage Senior Living of Marysville Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Seva Senior Living LLC · 4 yrs held
Seva Senior Living LLC
since 2022
Last sale
$12.0M
7 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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
—
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
$141,132
Tax year 2023
Assessed value
$1,897,340
Assessed 2023
Previous assessed
$1,897,340
+0.0% YoY
Effective rate
7.44%
On assessed value
Assessed land
$313,600
Assessed improvement
$1,583,740
Land market value
$895,990
Improvement market value
$4,524,980
Total market value
$5,420,970
Applied tax rate
29.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Heating
NONE
Stories
1
Units
76
Total area
44,023 SF
Lot
9.46 ac (411,947 SF)
APN
29-0019048.0020
UPID
US66-1780192
Jurisdiction
UNION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Stories
1
Units
76
Lot
9.46 ac
Current owner
From public records · entity-resolved
Seva Senior Living LLC
Entity
Mailing address
5641 QUARRY LN, DUBLIN, OH 43017
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
—
Seva Senior Living LLC
—
Deed
related
$9,200,000 · Wesbanco Bank INC
Jan 13, 2022
$12,000,000
Seva Senior Living LLC
Nhi Reit Of Ohio LLC
Limited Warranty Deed
$8,400,000 · Business Loan Capital INC
Nov 29, 2018
—
City Of Marysville
Nhi-reit Of Ohio LLC
Grant Deed
—
Jul 11, 2013
$10,336,000
Nhi-reit Of Ohio LLC
Halcyon Real Estate Co LLC
Grant Deed
—
Jul 11, 2013
$1,520,000
Nhi-reit Of Ohio LLC
Mcclain,roger K
Grant Deed
—
Jul 11, 2013
$3,344,000
Nhi-reit Of Ohio LLC
Jerry Mcclain Co INC
Grant Deed
—
Jun 28, 2013
—
Roger K Mcclain
Halcyon Real Estate Co LLC
Warranty Deed
—
Oct 30, 2009
—
Jerry Mcclain Co INC
Panis LLC
Warranty Deed
—
Jul 23, 2009
$1,191,125
Panis LLC
Marysville Dev Co LLC Series 5
Grant Deed
$7,988,808 · Heartland 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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