Property profile

28700 Ctr Rdg Rd Westlake, OH 44145

OFF-MARKET
Assisted living facilities
Property ID
US66-4278433
7,834 SF 1.44 ac lot Built 1988
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1988
Construction WOOD
Total area 7,834 SF
Lot 1.44 ac (62,752 SF)
Zoning code HC
APN 216-11-009
UPID US66-4278433

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home Social Service Agency

Location

28700 Ctr Rdg Rd Westlake, OH 44145-5213
Westlake metro Census 189108 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2019
Price N/A
2013
$150,000
2013
Price N/A
2011
$5.6M
1969
Price N/A

Zoning & alternative use

HC · Westlake, OH
Zoning description

The Health Campus District and its regulations are established in order to achieve, among others, is to regulate bulk and location of buildings in relation to the land in order to obtain proper light, air, privacy and us…

General category OPEN_SPACE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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