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Property profile & analytics
OFF-MARKET
Estimated value
$4,830,000
Assisted living facilities
2120 Lander Rd Mayfield Heights, OH 44124
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-6026097
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2016
Construction
WOOD
Total area
39,606 SF
Lot
4.27 ac (185,917 SF)
Zoning code
U-7
APN
861-30-013
UPID
US66-6026097
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
$4.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.82M
Blend (final)
Blend
$4.83M
Owner & transaction history
Cleveland Rp Snf LLC · 3 yrs held
Cleveland Rp Snf LLC
since 2023
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
U-7 · Mayfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+18.2%
Office building
$6.4M
+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 Mayfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mayfield 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
$4,670,000
ML approach
$4,650,000
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)
$5,650,000
Current use
RESTAURANT
$6,680,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$6,405,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$4.83M
Range $4.35M – $5.31M · ±10% · vs last sale $5.00M (Jan 6 2023)
Last sale anchor
$5.00M
Jan 6 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
$122 / 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
$135,212
Tax year 2023
Assessed value
$1,495,800
Assessed 2023
Previous assessed
$1,495,800
+0.0% YoY
Effective rate
9.04%
On assessed value
Assessed land
$494,520
Assessed improvement
$1,001,280
Land market value
$1,412,900
Improvement market value
$2,860,800
Total market value
$4,273,700
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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
34
Rooms
6
Bathrooms
1
Total area
39,606 SF
Lot
4.27 ac (185,917 SF)
Zoning code
U-7
APN
861-30-013
UPID
US66-6026097
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-7 · Mayfield Heights, OH
Zoning U-7 · permitted uses
U-7 · Mayfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mayfield 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
$5.7M
RESTAURANT
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.4M
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
2016
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
34
Rooms
6
Bathrooms
1
Lot
4.27 ac
Current owner
From public records · entity-resolved
Cleveland Rp Snf LLC
Entity
Free & Clear · 3 yrs held
Mailing address
310 W PARK LN STE A, FARMINGTON, UT 84025-3660
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
$5,000,000
Cleveland Rp Snf LLC
Orion Properties Seven LLC
Warranty Deed
—
Apr 27, 2018
—
Orion Properties Seven LLC
—
Grant Deed
related
$9,231,000 · Chemical Bk
Oct 6, 2014
$689,000
Orion Properties Seven LLC
Global Country Of World Peace
Grant Deed
—
Mar 15, 2006
$1,300,000
Global Country Of World Peace
Farkas Landerbrook LLC
Warranty Deed
—
May 12, 2005
—
Farkas Landerbrook LLC
Wolf,milton A
Warranty Deed
related
—
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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