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Property profile & analytics
OFF-MARKET
Estimated value
$5,115,000
Commercial real estate
47 Steeplechase Ln Munroe Falls, OH 44262-1746
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0729666
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2017
Construction
FRAME
Total area
41,840 SF
Lot
4.6 ac (200,202 SF)
APN
58-02790
UPID
US66-0729666
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 Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.52M
Comparable Approach
Comparable
$5.23M
Blend (final)
Blend
$5.12M
Owner & transaction history
Munroe Falls Mc LLC · 10 yrs held
Munroe Falls Mc LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+50.2%
Auto repair, garage
$4.2M
+34.2%
Medical building
$3.9M
+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%
$7,060,000
6.5%
$6,515,000
7%
$6,050,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,100,000
Current use
RESTAURANT
$4,660,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,160,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$3,920,000
Change: +26% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,910,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$3,250,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$5.12M
Range $4.60M – $5.63M · ±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
$184,701
Tax year 2023
Assessed value
$2,862,100
Assessed 2023
Previous assessed
$2,862,100
+0.0% YoY
Effective rate
6.45%
On assessed value
Assessed land
$211,130
Assessed improvement
$2,650,970
Land market value
$603,230
Improvement market value
$7,574,210
Total market value
$8,177,440
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
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
64
Rooms
13
Bathrooms
4
Total area
41,840 SF
Lot
4.6 ac (200,202 SF)
APN
58-02790
UPID
US66-0729666
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
$3.1M
RESTAURANT
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.3M
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
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
64
Rooms
13
Bathrooms
4
Lot
4.6 ac
Current owner
From public records · entity-resolved
Munroe Falls Mc LLC
Entity
Mailing address
499 S MAIN ST, MUNROE FALLS, OH 44262
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jun 5, 2024
—
Minroe Falls Mc LLC
—
Deed
related
$7,336,000 · Poppy Bank
Oct 5, 2016
—
Munroe Falls Mc LLC
—
Trustees Deed
related
$2,377,000 · Hawkridge Investment LLC
Jul 15, 2016
—
Munroe Falls Mc LLC
Munroe Falls Retirement Reside
Quit Claim Deed
—
May 12, 2016
—
Munroe Falls Retirement Reside
Munroe Falls Retirement Reside
Quit Claim Deed
related
—
Jul 16, 2009
—
Falls Retirements Resid Munroe
Munroe Falls Retirement Reside
Quit Claim Deed
—
Jul 3, 2008
$1,350,000
Falls Retirement Reside Munroe
Smith,ann C
Warranty Deed
—
Oct 13, 1998
$340,000
Ann C Smith
Tennant,denzil W & Patsy P
Grant Deed
$94,400 · National City Mortgage Co
—
—
Denzil Tennant
—
Deed Of Trust
related
$50,000 · Bank One NA
—
—
Ann C Smith
—
Deed Of Trust
related
$332,950 · National City 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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