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Property profile & analytics
OFF-MARKET
Estimated value
$5,235,000
Assisted living facilities
1835 Belmore Rd 1841, East Cleveland, OH 44112-4301
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-6262804
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1969
Construction
TYPE NOT SPECIFIED
Total area
48,940 SF
Lot
0.19 ac (8,325 SF)
Zoning code
U2-H2
APN
672-22-016
UPID
US66-6262804
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
$5.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.78M
Blend (final)
Blend
$5.24M
Owner & transaction history
Candlewood Park Propco LLC · 4 yrs held
Candlewood Park Propco LLC
since 2021
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
U2-H2 · East Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+18.2%
Office building
$7.9M
+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 East Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East 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
$4,940,000
ML approach
$5,240,000
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)
$6,985,000
Current use
RESTAURANT
$8,255,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$7,915,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$5.24M
Range $4.71M – $5.76M · ±10% · vs last sale $5.38M (Aug 24 2021)
Last sale anchor
$5.38M
Aug 24 2021
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
$107 / 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
$196,853
Tax year 2023
Assessed value
$1,741,740
Assessed 2023
Previous assessed
$1,741,740
+0.0% YoY
Effective rate
11.30%
On assessed value
Assessed land
$6,930
Assessed improvement
$1,734,810
Land market value
$19,800
Improvement market value
$4,956,600
Total market value
$4,976,400
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
1969
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
WALL UNIT
Buildings
2
Stories
3
Units
154
Total area
48,940 SF
Lot
0.19 ac (8,325 SF)
Zoning code
U2-H2
APN
672-22-016
UPID
US66-6262804
Jurisdiction
CUYAHOGA
Zoning & alternative use
U2-H2 · East Cleveland, OH
Zoning U2-H2 · permitted uses
U2-H2 · East Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Cleveland. 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
$7.0M
RESTAURANT
Est. value
$8.3M
OFFICE BUILDING
Est. value
$7.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
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
1969
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
2
Units
154
Lot
0.19 ac
Current owner
From public records · entity-resolved
Candlewood Park Propco LLC
Entity
Mailing address
555 ANTHONY WAYNE TRL, WATERVILLE, OH 43566-1516
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2021
$5,376,900
Candlewood Park Propco LLC
Aj Candlewood Park Propco LLC
Limited Warranty Deed
$50,100,000 · Greystone Servicing Compay LLC
Apr 14, 2020
—
Aj Candlewood Park Propco LLC
—
Deed
related
$37,190,600 · Capital Fndg
Apr 2, 2018
—
Aj Candlewood Park Propco LLC
—
Grant Deed
related
$36,000,000 · Monticello Fndg Ll #bth-9 (ct)
Dec 16, 2005
$4,607,420
Ohi Asset II Oh LLC
Cleveland Senior Care Corp
Warranty Deed
related
—
Apr 19, 2002
—
Cleveland Senior Care Corp
Nightingale Holdings LLC
Grant Deed
related
—
—
—
Care Services Partners I LP
—
Deed Of Trust
related
$300,000 · American National Bank & Trust
—
—
Care Svcs Partners I LP
—
Deed Of Trust
related
$300,000 · American National Bank & Trust
—
—
Aj Candlewood Park Propco LLC
—
Deed Of Trust
related
$37,190,600 · Capital Fndg
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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