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Property profile & analytics
OFF-MARKET
Estimated value
$4,315,000
Assisted living facilities
562 Richmond Rd Richmond Heights, OH 44143-2906
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2423053
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Construction
WOOD
Total area
21,264 SF
Lot
10.68 ac (465,134 SF)
Zoning code
RS
APN
662-14-001
UPID
US66-2423053
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
$4.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$4.32M
Owner & transaction history
Rh Healthcare LLC · 2 yrs held
Rh Healthcare LLC
since 2023
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
RS · Richmond Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is established to provide locations for residential facilities which are occupied exclusively by older persons
Zone name
Senior Residential
General category
RESIDENTIAL
Zone area
22.13 ac
Source
Realmo
Top alternative use upside
Restaurant
$3.6M
+18.2%
Office building
$3.4M
+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 Richmond Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond Heights 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
$4,200,000
ML approach
$4,055,000
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)
$3,035,000
Current use
RESTAURANT
$3,585,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$3,440,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.88M – $4.75M · ±10% · vs last sale $4.50M (Dec 29 2023)
Last sale anchor
$4.50M
Dec 29 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
$203 / 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
$246,072
Tax year 2023
Assessed value
$2,450,000
Assessed 2023
Previous assessed
$2,450,000
+0.0% YoY
Effective rate
10.04%
On assessed value
Assessed land
$651,210
Assessed improvement
$1,798,790
Land market value
$1,860,600
Improvement market value
$5,139,400
Total market value
$7,000,000
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
WALL UNIT
Buildings
5
Stories
2
Units
26
Rooms
8
Bathrooms
1
Total area
21,264 SF
Lot
10.68 ac (465,134 SF)
Zoning code
RS
APN
662-14-001
UPID
US66-2423053
Jurisdiction
CUYAHOGA
Zoning & alternative use
RS · Richmond Heights, OHZoning RS · permitted uses
RS · Richmond Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is established to provide locations for residential facilities which are occupied exclusively by older persons
Zone name
Senior Residential
General category
RESIDENTIAL
Zone area
22.13 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$3.0M
RESTAURANT
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.4M
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Units
26
Rooms
8
Bathrooms
1
Lot
10.68 ac
Current owner
From public records · entity-resolved
Rh Healthcare LLC
Entity
Mailing address
265 PORTAGE TRL EXT W #100, CUYAHOGA FALLS, OH 44223-3613
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Rh Flealthcare LLC
—
Deed
related
$5,000,000 · United Banc
Dec 29, 2023
$4,500,000
Rh Healthcare LLC
Fv Investments Richmond LLC
Limited Warranty Deed
$4,750,000 · Sam Petrso
Nov 4, 2019
$6,250,000
Fv Investments-richmond LLC
Arc Richmond Heights LLC
Grant Deed
$5,796,000 · First Fin'l Bk&tr
Jun 26, 2007
—
Arc Richmond Heights LLC
American Retirement Corp
Warranty Deed
related
—
May 19, 2006
$400,000
American Retirement Corp
Stevenson,kenneth A & Winifred I
Warranty 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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