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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Assisted living facilities
3756 Erie Ave 100 Lorain, OH 44053-1284
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-1397874
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Total area
16,528 SF
Lot
1.19 ac (51,836 SF)
APN
02-02-020-101-005
UPID
US66-1397874
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
-
Kimberly S. Martin, COTA Physician
-
Sprenger Health Care Anchor Lodge Retirement Village Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$930k
Owner & transaction history
Anchor Lodge Co Ltd · 7 yrs held
Anchor Lodge Co Ltd
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+44.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$960,000
Current use
RETAIL STORES
$1,385,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$905,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10%
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
$56 / 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
$90,010
Tax year 2023
Assessed value
$1,145,578
Assessed 2023
Previous assessed
$1,145,580
0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$46,620
Assessed improvement
$1,098,958
Land market value
$133,200
Improvement market value
$3,139,880
Total market value
$3,273,080
Applied tax rate
42.0000
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
1987
Heating
NONE
Stories
1
Units
1
Total area
16,528 SF
Lot
1.19 ac (51,836 SF)
APN
02-02-020-101-005
UPID
US66-1397874
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$960,000
RETAIL STORES
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$905,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RETAIL STORES
MEDICAL BUILDING
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
1987
Heating
NONE
Stories
1
Units
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Anchor Lodge Co Ltd
Entity
Mailing address
3708 W ERIE AVE, LORAIN, OH 44053
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
May 22, 2019
—
Anchor Lodge Co Ltd
—
Grant Deed
related
$4,047,000 · Huntington Nat'l Bk
Oct 3, 2018
—
Anchor Lodge Coltd
—
Grant Deed
related
$11,065,000 · Huntington Nat'l Bk
Jan 29, 2018
—
Anchor Lodge Co Ltd
—
Grant Deed
related
$19,686,850 · Huntington Nat'l Bk
Sep 30, 2016
—
Anchor Lodge Co Ltd
—
Grant Deed
related
$7,461,000 · Huntington Nat'l Bk
Dec 17, 2012
—
Anchor Lodge Co Ltd
—
Deed Of Trust
related
$54,400,000 · Huntington National Bank
Aug 8, 2003
—
Anchor Lodge Co Ltd
—
Deed Of Trust
related
$1,377,058 · Bank One NA
—
—
Anchor Lodge Co Ltd
—
Deed Of Trust
related
$16,250 · Charter One
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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