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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Assisted living facilities
3 Merit Dr Richmond Heights, OH 44143-1457
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-6223933
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1994
Construction
WOOD
Total area
74,292 SF
Lot
10.65 ac (463,914 SF)
Zoning code
O.S
APN
661-09-015
UPID
US66-6223933
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
$1.56M
Owner & transaction history
Gpoint Asset Ownership LLC · 8 yrs held
Gpoint Asset Ownership LLC
since 2018
5 recorded transactions
Zoning & alternative use
O.S · Richmond Heights, OH
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
$21 / 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
$314,517
Tax year 2023
Assessed value
$3,162,360
Assessed 2023
Previous assessed
$3,162,360
+0.0% YoY
Effective rate
9.95%
On assessed value
Assessed land
$470,330
Assessed improvement
$2,692,030
Land market value
$1,343,800
Improvement market value
$7,691,500
Total market value
$9,035,300
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
1994
Construction
WOOD
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
1
Units
176
Total area
74,292 SF
Lot
10.65 ac (463,914 SF)
Zoning code
O.S
APN
661-09-015
UPID
US66-6223933
Jurisdiction
CUYAHOGA
Zoning & alternative use
O.S · Richmond Heights, OHZoning O.S · permitted uses
O.S · Richmond Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2026 | Richmond Heights, OH
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
176
Lot
10.65 ac
Current owner
From public records · entity-resolved
Gpoint Asset Ownership LLC
Entity
Mailing address
4700 ASHWOOD DR STE #200, BLUE ASH, OH 45241-2424
Ownership since
2018
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
Nov 22, 2019
—
Gpoint Asset Ownership LLC
—
Deed
related
$18,320,000 · Capital Fndg
Jan 23, 2018
$9,505,760
Gpoint Asset Ownership LLC
Ohi Asset III Pa LP
Grant Deed
related
$113,729,000 · Cit Bk NA
Dec 16, 2005
$17,534,547
Ohi Asset II Oh LLC
Cleveland Senior Care Corp
Warranty Deed
related
—
Apr 19, 2002
—
Cleveland Senior Care Corp
Nightingale Holdings LLC
Grant Deed
related
—
—
—
Gpoint Asset Ownership LLC
—
Deed Of Trust
related
$18,320,000 · Capital Fndg
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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