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Property profile & analytics
OFF-MARKET
Estimated value
$3,155,000
Assisted living facilities
30344 Lorain Rd North Olmsted, OH 44070-3994
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2481598
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2007
Construction
WOOD
Total area
73,668 SF
Lot
6.8 ac (296,175 SF)
Zoning code
SR
APN
233-08-015
UPID
US66-2481598
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
-
Emerald Village Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.98M
Blend (final)
Blend
$3.16M
Owner & transaction history
Otterbein North Olmsted Real Estate · 1 yrs held
Otterbein North Olmsted Real Estate
since 2025
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
SR · North Olmsted, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
In recognition of the special nature of the housing needs of senior citizens and to enable senior citizens to obtain suitable, safe, sanitary and decent housing designed to meet their special needs which include, among other things, a reduced dwelling size, assistance in housekeeping, availability of and location to essential amenities, and the development o…
Zone name
Senior Residence
General category
RESIDENTIAL
Zone area
9.87 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 North Olmsted submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Olmsted 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
$3,145,000
ML approach
$3,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.16M
Range $2.84M – $3.47M · ±10% · vs last sale $3.06M (Apr 1 2025)
Last sale anchor
$3.06M
Apr 1 2025
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
$43 / 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
$722
Tax year 2023
Assessed value
$2,696,860
Assessed 2023
Previous assessed
$2,696,860
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$310,980
Assessed improvement
$2,385,880
Land market value
$888,500
Improvement market value
$6,816,800
Total market value
$7,705,300
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
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
130
Rooms
8
Bathrooms
2
Total area
73,668 SF
Lot
6.8 ac (296,175 SF)
Zoning code
SR
APN
233-08-015
UPID
US66-2481598
Jurisdiction
CUYAHOGA
Zoning & alternative use
SR · North Olmsted, OHZoning SR · permitted uses
SR · North Olmsted, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
In recognition of the special nature of the housing needs of senior citizens and to enable senior citizens to obtain suitable, safe, sanitary and decent housing designed to meet their special needs which include, among other things, a reduced dwelling size, assistance in housekeeping, availability of and location to essential amenities, and the development of neighborly relations in order to reduce feelings of alienation
Zone name
Senior Residence
General category
RESIDENTIAL
Zone area
9.87 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
130
Rooms
8
Bathrooms
2
Lot
6.8 ac
Current owner
From public records · entity-resolved
Otterbein North Olmsted Real Estate
Individual
Mailing address
7801 DETROIT AVE, CLEVELAND, OH 44102-2813
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
$3,060,063
Otterbein North Olmsted Real Estate
The Catholic Charities Facilities C
Deed
—
Nov 18, 2014
—
Vista Prairie At Emerald Villa
—
Grant Deed
related
$29,000,000 · Huntington Nat'l Bk
Apr 8, 2005
—
Catholic Charities Facilities
Catholic Charities Health & Hu
Quit Claim Deed
related
—
Aug 29, 1997
—
Tc Pinnacle Properties Ltd
Coury,thomas R
Quit Claim Deed
related
—
—
—
St Clarence-geac LLC
—
Deed Of Trust
related
$17,380,000 · Us Bank NA
—
—
St Clarence-geac LLC
—
Deed Of Trust
related
$178,000 · National City Bank
—
—
Vista Prairie At Emerald Villa
—
Deed Of Trust
related
$29,000,000 · Huntington Nat'l Bk
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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