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Property profile & analytics
OFF-MARKET
Assisted living facilities

214 Herrick Ave Wellington, OH 44090-1317

4,028 SF 0.31 ac lot Built 1880
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US66-1424207
Property summary
AI-generated overview

This 16,000 square foot, vacant medical office building in Wellington, Ohio, presents a unique investment opportunity. Situated on a 0.61-acre lot, this Class C property comprises two buildings with three stories, offering ample space for various medical uses. Built in 1880 and extensively renovated in 2023, the property features a mix of ground-level resident rooms with ensuite bathrooms, upper-level offices, an elevator, and a finished lower level including a kitchen and recreation room. The property includes a paved parking lot with space for nine vehicles, plus potential for additional parking with village approval. Recent improvements include fresh paint and drywall, ceiling repairs, and cosmetic updates. A wet fire suppression sprinkler system is in place, recently updated and tested. The property is currently vacant and zoned for a use subject to review. Showings are by appointment only for qualified buyers who submit a signed non-disclosure agreement and proof of funds exceeding 50% of the asking price. The property's layout includes a reception area and is suitable for a variety of medical uses. On-street parking is also available.

Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1880
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,028 SF
Lot 0.31 ac (13,504 SF)
APN 18-00-022-102-018
UPID US66-1424207
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
by Request
Owner & transaction history
Rosario Apartments LLC · 3 yrs held
Rosario Apartments LLC
since 2022
Last sale
$70,000
5 recorded transactions
2022
$70,000
2022
$100,000
2021
$59,400
2017
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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