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Property profile & analytics
OFF-MARKET
Estimated value
$5,410,000
Assisted living facilities
3797 Smt Gln Dr Dayton, OH 45449-3657
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0738660
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1994
Total area
67,390 SF
Lot
4.05 ac (176,592 SF)
APN
K45 02405 0183
UPID
US66-0738660
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.75M
Blend (final)
Blend
$5.41M
Owner & transaction history
Laurelwood Propco LLC · 3 yrs held
Laurelwood Propco LLC
since 2023
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton 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
$4,490,000
ML approach
$4,375,000
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)
$5,595,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,520,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.41M
Range $4.87M – $5.95M · ±10% · vs last sale $5.72M (May 26 2023)
Last sale anchor
$5.72M
May 26 2023
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
$80 / 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
$203,618
Tax year 2023
Assessed value
$2,236,260
Assessed 2023
Previous assessed
$2,236,260
+0.0% YoY
Effective rate
9.11%
On assessed value
Assessed land
$136,210
Assessed improvement
$2,100,050
Land market value
$389,180
Improvement market value
$6,000,140
Total market value
$6,389,320
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
1994
Heating
YES
Cooling
CENTRAL
Stories
3
Units
127
Bathrooms
1
Total area
67,390 SF
Lot
4.05 ac (176,592 SF)
APN
K45 02405 0183
UPID
US66-0738660
Jurisdiction
MONTGOMERY
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
$5.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
APARTMENT HOUSE (5+ UNITS)
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
1994
Heating
YES
Cooling
Yes
Stories
3
Units
127
Bathrooms
1
Lot
4.05 ac
Current owner
From public records · entity-resolved
Laurelwood Propco LLC
Entity
Mailing address
1535 ROCKAWAY PKWY, BROOKLYN, NY 11236-4001
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Laurelwood Propco LLC
Laurelwood Assisted Living LLC
Intrafamily Transfer
related
$163,400,000 · Cross River Bank
May 17, 2019
$5,715,000
Laurelwood Assisted Living LLC
Nic 14 Dayton Owner LLC
Grant Deed
—
Jan 27, 2014
$9,900,000
Nic 14 Dayton Owner LLC
Ll Dayton Realty LLC
Trustees Deed
$17,250,000 · General Elec Cap
Jul 6, 2010
$4,350,000
Emeritus Corp
Health Care Reit INC
Grant Deed
—
Jul 6, 2010
$4,000,000
Ll Dayton Realty LLC
Emeritus Corp
Deed Of Trust
related
$4,336,866 · Capital Funding INC
May 11, 2009
—
Emeritus Corp
—
Deed Of Trust
related
$12,864,874 · Health Care R E Inv Trust INC
Jan 5, 2004
$2,640,000
Health Care Reit INC
Harborside Of Dayton
Grant Deed
—
—
—
Nic 14 Dayton Owner LLC
—
Deed Of Trust
related
$6,900,000 · Walker & Dunlop
—
—
Ll Dayton Realty LLC
—
Deed Of Trust
related
$15,000,000 · Privatebank & Trust
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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