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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Assisted living facilities
3650 Beavercrest Dr 1 Lorain, OH 44053-1710
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0715246
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1965
Total area
23,911 SF
Lot
2.26 ac (98,446 SF)
APN
02-03-002-106-031
UPID
US66-0715246
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
-
Gregory A. Ward, LPTA Physician
-
Gean Smith Physician
-
Amir Naraghi Physician
-
Oak Hills Rehabilitation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
Embassy Oh Tenant Holdings LLC · 3 yrs held
Embassy Oh Tenant Holdings LLC
since 2022
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.7M
+313.9%
Office building
$4.9M
+249.9%
Restaurant
$2.5M
+81.0%
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 Lorain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorain 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
$3,500,000
ML approach
$3,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,740,000
Change: +314% · Conversion: Difficult
OFFICE BUILDING
$4,850,000
Change: +250% · Conversion: Difficult
RESTAURANT
$2,510,000
Change: +81% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,340,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,275,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±10% · vs last sale $4.72M (Apr 21 2021)
Last sale anchor
$4.72M
Apr 21 2021
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
$147 / 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
$70,454
Tax year 2023
Assessed value
$1,155,000
Assessed 2023
Previous assessed
$1,155,000
+0.0% YoY
Effective rate
6.10%
On assessed value
Assessed land
$97,888
Assessed improvement
$1,057,112
Land market value
$279,680
Improvement market value
$3,020,320
Total market value
$3,300,000
Applied tax rate
43.0000
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
1965
Heating
NONE
Stories
1
Units
1
Total area
23,911 SF
Lot
2.26 ac (98,446 SF)
APN
02-03-002-106-031
UPID
US66-0715246
Jurisdiction
LORAIN
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
OFFICE BUILDING
Est. value
$4.9M
RESTAURANT
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1965
Heating
NONE
Stories
1
Units
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Embassy Oh Tenant Holdings LLC
Entity
Mailing address
1218 BROADWAY, HEWLETT, NY 11557-2002
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Embassy Oh Tenant Holdings LLC
Ms 3650 Beavercrest Drive Real Prop
Lease
$4,196,600 · Capital Funding
Apr 21, 2021
$4,720,000
Ms 3650 Beavercrest Drive Real Prop
Lorain Nursing Property LLC
Warranty Deed
$10,550,000 · Capital Funding
May 19, 2009
—
Lorain Nursing Property LLC
—
Deed Of Trust
related
$16,580,000 · Citizens Federal Bank Fsb
Mar 11, 2009
$389,000
Lorain Nursing Property LLC
Extendicare Homes INC
Deed Of Trust
related
$7,200,000 · Citizens Federal Bank Fsb
Jun 20, 2008
—
Extendicare Homes INC
—
Deed Of Trust
related
$120,000,000 · Lehman Commercial Paper INC
Apr 19, 2004
—
Extendicare Homes INC
—
Deed Of Trust
related
$5,500,000 · Lasalle National Bank
Nov 7, 2002
—
Greystone Midwest Nh Loan LLC
Oak Hills Nh LLC
Quit Claim Deed
$1,320,000 · Greystone Midwest Nh Loan LLC
—
—
Extendicare Homes INC
—
Deed Of Trust
related
$5,500,000 · Lasalle National Bank
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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