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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Assisted living facilities
6657 Owens Lk Dr Walbridge, OH 43465-5201
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-2701335
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2007
Total area
10,032 SF
Lot
11.24 ac (489,614 SF)
APN
H28-712-0700-00-029.000
UPID
US66-2701335
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
-
Owens Lake Commons Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$473k
Blend (final)
Blend
$535k
Owner & transaction history
Owens Lake Affiliate LLC · 7 yrs held
Owens Lake Affiliate LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$860,000
+155.1%
Office building
$840,000
+148.9%
Auto repair, garage
$795,000
+134.8%
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 Walbridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walbridge 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
$600,000
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)
$340,000
Current use
MEDICAL BUILDING
$860,000
Change: +155% · Conversion: Difficult
OFFICE BUILDING
$840,000
Change: +149% · Conversion: Difficult
AUTO REPAIR, GARAGE
$795,000
Change: +135% · Conversion: Difficult
WAREHOUSE, STORAGE
$755,000
Change: +123% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$53 / 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
$128,164
Tax year 2023
Assessed value
$1,653,470
Assessed 2023
Previous assessed
$1,542,140
+7.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$78,680
Assessed improvement
$1,574,790
Land market value
$224,800
Improvement market value
$4,499,400
Total market value
$4,724,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2007
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
10,032 SF
Lot
11.24 ac (489,614 SF)
APN
H28-712-0700-00-029.000
UPID
US66-2701335
Jurisdiction
WOOD
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
$340,000
MEDICAL BUILDING
Est. value
$860,000
OFFICE BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$795,000
WAREHOUSE, STORAGE
Est. value
$755,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2007
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
11.24 ac
Current owner
From public records · entity-resolved
Owens Lake Affiliate LLC
Entity
Mailing address
1203 IOWA ST, LAWRENCE, KS 66044-1923
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
Owens Lake Affiliate LLC
—
Deed
related
$5,000,000 · The State Bank & Trust Co
Jul 24, 2019
—
Owens Lake Affiliate LLC
Owens Lake LLC
Limited Warranty Deed
$3,125,000 · Farmers & Mechanics Bank
Jan 9, 2014
$9,000,000
Owens Lake LLC
Sof Viii Ft Owens Lake LLC
Limited Warranty Deed
$3,375,000 · Douglas County Bank
Sep 14, 2012
$240,000
Sof-viii-ft Owens Lake LLC
Owens Lake LLC
Grant Deed
related
—
Oct 16, 2006
—
Owens Lake LLC
Water Ross Ltd
Grant Deed
$7,000,000 · Fifth Third Bank
May 12, 2006
$292,230
Water Ross Ltd
John Edward Nietz
Executors Deed
$233,784 · Sky 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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