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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Assisted living facilities
175 Lk St Amherst, OH 44001-1332
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-5198948
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1963
Construction
WOOD FRAME
Total area
24,315 SF
Lot
7.67 ac (334,105 SF)
APN
05-00-018-106-095
UPID
US66-5198948
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
$1.52M
Owner & transaction history
Amherst Manor Company Ltd · 7 yrs held
Amherst Manor Company Ltd
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+75.7%
Apartment house (5+ units)
$2.5M
+74.5%
Warehouse, storage
$1.8M
+29.6%
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 Amherst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amherst 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
by Request
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)
$1,410,000
Current use
RESTAURANT
$2,475,000
Change: +76% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,460,000
Change: +75% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,830,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$1,780,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$62 / 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
$157,598
Tax year 2023
Assessed value
$2,652,563
Assessed 2023
Previous assessed
$2,652,570
0.0% YoY
Effective rate
5.94%
On assessed value
Assessed land
$147,648
Assessed improvement
$2,504,915
Land market value
$421,850
Improvement market value
$7,156,900
Total market value
$7,578,750
Applied tax rate
7.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1963
Construction
WOOD FRAME
Heating
NONE
Buildings
4
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
24,315 SF
Lot
7.67 ac (334,105 SF)
APN
05-00-018-106-095
UPID
US66-5198948
Jurisdiction
LORAIN
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
$1.4M
RESTAURANT
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
MEDICAL 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
1963
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
4
Units
1
Rooms
6
Bathrooms
1
Lot
7.67 ac
Current owner
From public records · entity-resolved
Amherst Manor Company Ltd
Entity
Mailing address
3905 OBERLIN AVE, LORAIN, OH 44053-2853
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2019
—
Amherst Manor Company Ltd
—
Deed
related
$4,047,000 · The Huntington National Bank
Oct 3, 2018
—
Amherst Manor Co Ltd
—
Grant Deed
related
$11,065,000 · Huntington Nat'l Bk
Sep 30, 2016
—
Amherst Manor Co Ltd
—
Grant Deed
related
$7,461,000 · Huntington Nat'l Bk
Dec 17, 2012
—
Amherst Manor Co Ltd
—
Grant Deed
related
$54,400,000 · Huntington Nat'l Bk
Feb 16, 2011
—
Amherst Manor Co Ltd
—
Loan Modification
related
$94,928,668 · Charter One
Dec 2, 2009
—
Amherst Manor Co Ltd
—
Grant Deed
related
$16,250,000 · Charter One
—
—
Amherst Manor Co Ltd
—
Deed Of Trust
related
$4,047,000 · 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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