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Property profile & analytics
OFF-MARKET
Estimated value
$8,955,000
Medical Office Space
37900 Chester Rd Avon, OH 44011-1044
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-3706632
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
58,594 SF
Lot
12.67 ac (551,905 SF)
APN
04-00-009-000-158
UPID
US66-3706632
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
-
University Hospitals Avon Rehabilitation Hospital Rehabilitation Center Occupational Therapist
-
Christopher Parnell, DO Medical Clinic
-
George Robles, MD Medical Clinic
-
Maria Armstrong Murphy, MD Medical Clinic
-
James Mack, PhD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.87M
Comparable Approach
Comparable
$8.37M
Blend (final)
Blend
$8.96M
Owner & transaction history
Avon Hospital LLC · 9 yrs held
Avon Hospital LLC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.2M
+68.6%
Apartment house (5+ units)
$8.2M
+49.8%
Office building
$5.7M
+3.8%
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 Avon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon 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%
$11,775,000
6.5%
$10,870,000
7%
$10,090,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,455,000
Current use
RESTAURANT
$9,200,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,175,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$5,665,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$8.96M
Range $8.06M – $9.85M · ±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
$153 / 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
$377,484
Tax year 2023
Assessed value
$5,880,001
Assessed 2023
Previous assessed
$5,880,010
0.0% YoY
Effective rate
6.42%
On assessed value
Assessed land
$965,836
Assessed improvement
$4,914,165
Land market value
$2,759,530
Improvement market value
$14,040,470
Total market value
$16,800,000
Applied tax rate
10.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Stories
2
Units
1
Total area
58,594 SF
Lot
12.67 ac (551,905 SF)
APN
04-00-009-000-158
UPID
US66-3706632
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
MEDICAL BUILDING Current
Est. value
$5.5M
RESTAURANT
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
OFFICE BUILDING
Est. value
$5.7M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE 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
Heating
NONE
Stories
2
Units
1
Lot
12.67 ac
Current owner
From public records · entity-resolved
Avon Hospital LLC
Entity
Free & Clear · 9 yrs held
Mailing address
16435 N SCOTTSDALE RD, SCOTTSDALE, AZ 85254-1533
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2017
$33,429,900
Avon Hospital LLC
Dr Avon Dev LLC
Grant Deed
related
—
Dec 26, 2014
$2,787,400
Dr Avon Dev LLC
Chester Properties Ltd
Grant Deed
—
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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