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Property profile & analytics
OFF-MARKET
Estimated value
$5,415,000
Commercial real estate
395 Main St Munroe Falls, OH 44262-1665
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-1464886
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
FRAME
Total area
44,354 SF
Lot
7.21 ac (314,068 SF)
APN
58-02574
UPID
US66-1464886
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
-
Mulberry Gardens Senior Living Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.91M
Comparable Approach
Comparable
$5.53M
Blend (final)
Blend
$5.42M
Owner & transaction history
Falls Assisted Living Munroe · 22 yrs held
Falls Assisted Living Munroe
since 2003
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+50.2%
Auto repair, garage
$4.4M
+34.2%
Medical building
$4.2M
+26.3%
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 Munroe Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Munroe Falls 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%
$7,485,000
6.5%
$6,910,000
7%
$6,415,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,290,000
Current use
RESTAURANT
$4,940,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,410,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$4,155,000
Change: +26% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,145,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$3,445,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$5.42M
Range $4.87M – $5.96M · ±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
$122 / 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
$137,343
Tax year 2023
Assessed value
$2,129,790
Assessed 2023
Previous assessed
$2,129,790
+0.0% YoY
Effective rate
6.45%
On assessed value
Assessed land
$220,620
Assessed improvement
$1,909,170
Land market value
$630,330
Improvement market value
$5,454,770
Total market value
$6,085,100
Applied tax rate
58.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
86
Total area
44,354 SF
Lot
7.21 ac (314,068 SF)
APN
58-02574
UPID
US66-1464886
Jurisdiction
SUMMIT
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
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
86
Lot
7.21 ac
Current owner
From public records · entity-resolved
Falls Assisted Living Munroe
Individual
Mailing address
395 S MAIN ST, MUNROE FALLS, OH 44262-1665
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
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
Nov 14, 2019
—
Munroe Falls Assisted Living L
—
Loan Modification
related
$989,960,000 · Federal Nat'l Mtg Assn (fnma)
Sep 14, 2017
—
Munroe Falls Assisted Living L
—
Deed
related
$951,495,000 · Berkadia Com'l Mtg
Aug 7, 2003
$510,000
Falls Assisted Living Munroe
Colson & Colson Construction
Grant Deed
$6,770,000 · Wells Fargo Bank
Dec 16, 2002
$510,000
Colson & Colson Const Co
Smith,ann C
Grant Deed
$310,000 · Ann C Smith
May 23, 2000
$650,000
Ann C Smith
Edward Barr Corp
Grant Deed
—
—
—
Falls Assisted Living L Munroe
—
Deed Of Trust
related
$6,750,000 · Collateral Real Estate Cap LLC
—
—
Munroe Falls Assisted Living L
—
Deed Of Trust
related
$951,495,000 · Berkadia Com'l Mtg
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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