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Property profile & analytics
OFF-MARKET
Estimated value
$9,010,000
Assisted living facilities
4 Gtwy Gateway Euclid, OH 44119-2450
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-5337438
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
WOOD
Total area
58,247 SF
Lot
3.08 ac (134,077 SF)
Zoning code
U3
APN
641-32-004
UPID
US66-5337438
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
$9.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.01M
Owner & transaction history
Euclid Snf Propco LLC · 1 yrs held
Euclid Snf Propco LLC
since 2025
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
U3 · Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
VEN - Zoning Districts; Map TITLE NINE - Zoning Use Districts CHAPTER 1351 U1 Single-Family House Districts CHAPTER 1352 U1 and U2 Residential Districts CHAPTER 1353 U2 Two-Family House Districts (Repealed) CHAPTER 1354 U3 Multiple Family Residential District CHAPTER 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Distri…
Zone name
Apartment House District
General category
RESIDENTIAL
Zone area
400.99 ac
Top alternative use upside
Restaurant
$9.8M
+18.2%
Office building
$9.4M
+13.3%
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 Euclid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Euclid 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
$9,085,000
ML approach
$9,255,000
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)
$8,310,000
Current use
RESTAURANT
$9,825,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$9,420,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$9.01M
Range $8.11M – $9.91M · ±10% · vs last sale $8.85M (May 1 2025)
Last sale anchor
$8.85M
May 1 2025
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
$155 / 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
$72,086
Tax year 2023
Assessed value
$657,240
Assessed 2023
Previous assessed
$657,240
+0.0% YoY
Effective rate
10.97%
On assessed value
Assessed land
$133,740
Assessed improvement
$523,500
Land market value
$382,100
Improvement market value
$1,495,700
Total market value
$1,877,800
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
Construction
WOOD
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
3
Units
99
Bathrooms
106
Total area
58,247 SF
Lot
3.08 ac (134,077 SF)
Zoning code
U3
APN
641-32-004
UPID
US66-5337438
Jurisdiction
CUYAHOGA
Zoning & alternative use
U3 · Euclid, OHZoning U3 · permitted uses
U3 · Euclid, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
VEN - Zoning Districts; Map TITLE NINE - Zoning Use Districts CHAPTER 1351 U1 Single-Family House Districts CHAPTER 1352 U1 and U2 Residential Districts CHAPTER 1353 U2 Two-Family House Districts (Repealed) CHAPTER 1354 U3 Multiple Family Residential District CHAPTER 1355 U3 Apartment House Districts(Repealed) CHAPTER 1356 U3E Elevator Apartment House Districts (Repealed) CHAPTER 1357 U3EL Senior Citizens Use Districts CHAPTER 1358 ASF At
Zone name
Apartment House District
General category
RESIDENTIAL
Zone area
400.99 ac
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$8.3M
RESTAURANT
Est. value
$9.8M
OFFICE BUILDING
Est. value
$9.4M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
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
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
99
Bathrooms
106
Lot
3.08 ac
Current owner
From public records · entity-resolved
Euclid Snf Propco LLC
Entity
Mailing address
700 TECHNOLOGY PARK DR STE #212, BILLERICA, MA 01821-4134
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
$8,847,670
Euclid Snf Propco LLC
3 Gateway Drive LLC
Deed
—
Sep 3, 2024
—
3 Gateway Drive LLC
Hpg Oh Euclid LLC
Limited Warranty Deed
—
Mar 8, 2022
—
Hpg Oh Euclid LLC
—
Deed
related
$70,000,000 · Oxford Finance LLC
Mar 9, 2020
—
Hpg Oh Euclid LLC
—
Deed
related
$54,750,000 · Cibc Bk USA
Mar 4, 2020
—
Hpg Oh Euclid LLC
Gateway Snf Holdings LLC
Grant Deed
related
—
Mar 11, 2015
$20,200
Gateway Snf Holdings LLC
Gateway Health Care Centres LP
Grant Deed
related
$9,937,500 · Firstmerit Bk
Dec 3, 1999
—
Depot Land Co
—
Deed Of Trust
related
$4,000,000 · Key Bank NA
Dec 2, 1999
—
Depot Land Co LLC
Gateway Health Care Centres LP
Grant Deed
related
—
—
—
Hpg Oh Euclid LLC
—
Deed Of Trust
related
$54,750,000 · Cibc Bk USA
—
—
Gateway Health Care Centres LP
—
Deed Of Trust
related
$3,500,000 · Murnick Thomas J (es)
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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