Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Assisted living facilities
18960 Falling Water Rd Strongsville, OH 44136-4233
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US66-1162221
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
64,126 SF
Lot
2.07 ac (90,300 SF)
Zoning code
SR
APN
396-03-010
UPID
US66-1162221
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
$1.05M
Owner & transaction history
Cleveland Senior Care Corp · 24 yrs held
Cleveland Senior Care Corp
since 2002
6 recorded transactions
Zoning & alternative use
SR · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the zone to elderly and elderly person means a person who is fifty years of age or over.
Zone name
Senior Residence
General category
RESIDENTIAL
Zone area
16.77 ac
Source
Realmo
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 Strongsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strongsville 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
$16 / 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
$169,361
Tax year 2023
Assessed value
$2,072,810
Assessed 2023
Previous assessed
$2,072,810
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$180,150
Assessed improvement
$1,892,660
Land market value
$514,700
Improvement market value
$5,407,600
Total market value
$5,922,300
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
2001
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
76
Rooms
6
Bathrooms
1
Total area
64,126 SF
Lot
2.07 ac (90,300 SF)
Zoning code
SR
APN
396-03-010
UPID
US66-1162221
Jurisdiction
CUYAHOGA
Zoning & alternative use
SR · Strongsville, OHZoning SR · permitted uses
SR · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the zone to elderly and elderly person means a person who is fifty years of age or over.
Zone name
Senior Residence
General category
RESIDENTIAL
Zone area
16.77 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
76
Rooms
6
Bathrooms
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Cleveland Senior Care Corp
Entity
Mailing address
18960 FALLING WATER RD, STRONGSVILLE, OH 44136-4233
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2016
—
Falling Water Retirement Cmnty
—
Deed
related
$6,725,600 · Walker & Dunlop
Apr 19, 2002
—
Cleveland Senior Care Corp
Absecon Holdings INC
Grant Deed
related
—
Dec 31, 1998
$500,000
Falling Water Retirement
Strongsville Retirement Center
Grant Deed
—
—
—
Falling Water Retirement Comm
—
Deed Of Trust
related
$6,840,000 · Reilly Mortgage Group INC
—
—
Falling Water Retirement Cmnty
—
Loan Modification
related
$6,725,600 · Walker & Dunlop
—
—
Falling Water Retirement Cmnty
—
Deed Of Trust
related
$6,725,600 · Links Mtg
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 18960 Falling Water Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
