Property profile

308 State St Painesville, OH 44077

OFF-MARKET
Assisted living facilities
Property ID
US66-2605937
9,767 SF 0.4 ac lot Built 1901
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1901
Construction WOOD
Total area 9,767 SF
Lot 0.4 ac (17,524 SF)
Zoning code R-1
APN 15-B-004-0-00-020-0
UPID US66-2605937

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 Retirement Community
  • Nursing Home Retirement Community
  • Nursing Home Retirement Community

Location

308 State St Painesville, OH 44077-3532
Painesville metro Census 204500 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$130k

Owner & transaction history

since 2025
Last sale
$3,000
7 recorded transactions
2025
Price N/A
2024
$3,000
2019
Price N/A
2019
$279,000
2008
$300,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-1 · Painesville, OH
Zoning description

R-1 Single Family Residential R1-60 Single Family Residential R-2 Multi-Family Residential B-1 Business/Residential B-2 General Business B-3 Central Business DD Downtown Development M-1 Light Industrial M-2 Industrial Zo…

General category RESIDENTIAL

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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