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Property profile & analytics
OFF-MARKET
Assisted living facilities
37819 Euclid Ave Willoughby, OH 44094-5900
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-1305895
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1902
Construction
WOOD
Total area
13,123 SF
Lot
3.99 ac (173,804 SF)
Zoning code
LR-B
APN
27-A-017-0-00-015-0
UPID
US66-1305895
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
-
Julia's 1902 Restaurant
-
Willoughby House Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vgm LLC · 4 yrs held
Vgm LLC
since 2022
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
LR-B · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to provide for the residential areas along Euclid Avenue near downtown that are undergoing change, in order to ensure that future non residential development is compatible with the existing character of the area.
Zone name
Limited Residential Business District
General category
COMMERCIAL
Zone area
33.02 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 Willoughby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willoughby 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
—
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
$15,743
Tax year 2023
Assessed value
$194,570
Assessed 2023
Previous assessed
$194,570
+0.0% YoY
Effective rate
8.09%
On assessed value
Assessed land
$55,000
Assessed improvement
$139,570
Land market value
$157,140
Improvement market value
$398,770
Total market value
$555,910
Applied tax rate
27.0000
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
1902
Construction
WOOD
Heating
HOT WATER
Buildings
2
Stories
1
Total area
13,123 SF
Lot
3.99 ac (173,804 SF)
Zoning code
LR-B
APN
27-A-017-0-00-015-0
UPID
US66-1305895
Jurisdiction
LAKE
Zoning & alternative use
LR-B · Willoughby, OHZoning LR-B · permitted uses
LR-B · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to provide for the residential areas along Euclid Avenue near downtown that are undergoing change, in order to ensure that future non residential development is compatible with the existing character of the area.
Zone name
Limited Residential Business District
General category
COMMERCIAL
Zone area
33.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1902
Construction
WOOD
Heating
HOT WATER
Stories
1
Buildings
2
Lot
3.99 ac
Current owner
From public records · entity-resolved
Vgm LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4260 HAMANN PKWY, WILLOUGHBY, OH 44094-5624
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
$800,000
Vgm LLC
Thomas Stephen Krus
Warranty Deed
—
Aug 30, 2019
$740,000
Thomas S Krus
Dillard-wagner INC
Grant Deed
—
Aug 26, 2005
$610,000
Dillard-wagner INC
Van Gorder Manor INC
Warranty Deed
$554,576 · Zions First 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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