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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Assisted living facilities
263 Merit Dr Richmond Heights, OH 44143
Entity Owned
~
Est. High Equity
Property ID
US66-3872235
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2009
Construction
WOOD
Total area
144,949 SF
Lot
5.82 ac (253,368 SF)
Zoning code
RS
APN
661-09-008
UPID
US66-3872235
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
$1.71M
Owner & transaction history
Meadow Falls Richmond Propco LLC
Meadow Falls Richmond Propco LLC
since 2026
7 recorded transactions
Zoning & alternative use
RS · Richmond Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is established to provide locations for residential facilities which are occupied exclusively by older persons
Zone name
Senior Residential
General category
RESIDENTIAL
Zone area
22.13 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 Richmond Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$12 / 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
$349,070
Tax year 2023
Assessed value
$3,495,380
Assessed 2023
Previous assessed
$3,495,380
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$336,980
Assessed improvement
$3,158,400
Land market value
$962,800
Improvement market value
$9,024,000
Total market value
$9,986,800
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
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
3
Units
142
Rooms
6
Bathrooms
1
Total area
144,949 SF
Lot
5.82 ac (253,368 SF)
Zoning code
RS
APN
661-09-008
UPID
US66-3872235
Jurisdiction
CUYAHOGA
Zoning & alternative use
RS · Richmond Heights, OHZoning RS · permitted uses
RS · Richmond Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is established to provide locations for residential facilities which are occupied exclusively by older persons
Zone name
Senior Residential
General category
RESIDENTIAL
Zone area
22.13 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
142
Rooms
6
Bathrooms
1
Lot
5.82 ac
Current owner
From public records · entity-resolved
Meadow Falls Richmond Propco LLC
Entity
Mailing address
600 3RD AVE FL #21, NEW YORK, NY 10016-1916
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
$9,839,900
Meadow Falls Richmond Propco LLC
261 Richmond LLC
Quitclaim Deed
related
$30,750,000 · Locust Point Private Credit Fund III LP
Jun 30, 2023
—
261 Richmond LLC
Federal National Mortgage Associati
Limited Warranty Deed
—
May 17, 2023
$10,000,500
Fannie Mae
Csl Harbor Court LLC
Sheriffs Deed
related
—
Jul 8, 2014
—
Csl Richmond Heights LLC
—
Grant Deed
related
$23,721,000 · Wells Fargo Bk
Nov 8, 2007
$825,000
Shp III Of Csl Richmond Heights L
Capital Senior Living Props 3
Grant Deed
$14,990,303 · Guaranty Bank
Sep 2, 1999
$430,000
Senior Living Triad IV
Milstein Trust
Grant Deed
—
—
—
Shp III Of Csl Richmond Heights L
—
Deed Of Trust
related
$44,131,434 · Guaranty Bank
—
—
Shp III Of Csl Richmond Heights L
—
Deed Of Trust
related
$42,100,000 · Wells Fargo Bank
—
—
Shp III Of Csl Richmond Heights L
—
Deed Of Trust
related
$749,977 · Compass Bank
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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