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Property profile & analytics
OFF-MARKET
Estimated value
$6,460,000
Assisted living facilities
299 Commerce Dr Seaman, OH 45679-7516
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2898151
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2016
Total area
52,276 SF
Lot
5 ac (217,800 SF)
APN
050-00-00-038.013
UPID
US66-2898151
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
Current use
Occupant on record · Public records
-
Monarch Meadows Skilled Nursing & Rehabilitation Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.46M
Owner & transaction history
299 Commerce Realty LLC · 3 yrs held
299 Commerce Realty LLC
since 2022
Last sale
$6.9M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Seaman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaman 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
$6,130,000
ML approach
$5,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,855,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$6,915,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$6,160,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$4,465,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,340,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.46M
Range $5.81M – $7.11M · ±10% · vs last sale $6.87M (Aug 19 2022)
Last sale anchor
$6.87M
Aug 19 2022
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
$124 / 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
$119,901
Tax year 2023
Assessed value
$2,142,420
Assessed 2023
Previous assessed
$2,142,420
+0.0% YoY
Effective rate
5.60%
On assessed value
Assessed land
$152,460
Assessed improvement
$1,989,960
Land market value
$435,600
Improvement market value
$5,685,600
Total market value
$6,121,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Stories
1
Total area
52,276 SF
Lot
5 ac (217,800 SF)
APN
050-00-00-038.013
UPID
US66-2898151
Jurisdiction
ADAMS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$6.9M
RETAIL STORES
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$4.5M
WAREHOUSE, STORAGE
Est. value
$4.3M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
Heating
NONE
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
299 Commerce Realty LLC
Entity
Mailing address
2875 CTR RD, BRUNSWICK, OH 44212-2319
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
$6,870,450
299 Commerce Realty LLC
Elixir Vi LLC
Limited Warranty Deed
$47,242,100 · Merchants Bank Of Indiana
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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