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Property profile & analytics
OFF-MARKET
Assisted living facilities
7377 Rdg Rd Parma, OH 44129-6602
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-1669387
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1964
Construction
TYPE NOT SPECIFIED
Total area
57,271 SF
Lot
5.31 ac (231,304 SF)
Zoning code
RB
APN
454-03-001
UPID
US66-1669387
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kohn Group 2 LLC · 4 yrs held
Kohn Group 2 LLC
since 2022
Last sale
$262,500
3 recorded transactions
Zoning & alternative use
RB · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Protect adjacent residential properties by restricting the type of business uses, particularly at the common boundaries, which would create hazards, noise, odors or other objectionable influences
Zone name
Retail Business
General category
COMMERCIAL
Zone area
506.77 ac
Source
Realmo
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 Parma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parma 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$289,576
Tax year 2023
Assessed value
$3,509,980
Assessed 2023
Previous assessed
$3,509,980
+0.0% YoY
Effective rate
8.25%
On assessed value
Assessed land
$384,550
Assessed improvement
$3,125,430
Land market value
$1,098,700
Improvement market value
$8,929,800
Total market value
$10,028,500
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
1964
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
3
Units
61
Total area
57,271 SF
Lot
5.31 ac (231,304 SF)
Zoning code
RB
APN
454-03-001
UPID
US66-1669387
Jurisdiction
CUYAHOGA
Zoning & alternative use
RB · Parma, OHZoning RB · permitted uses
RB · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Protect adjacent residential properties by restricting the type of business uses, particularly at the common boundaries, which would create hazards, noise, odors or other objectionable influences
Zone name
Retail Business
General category
COMMERCIAL
Zone area
506.77 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
4
Units
61
Lot
5.31 ac
Current owner
From public records · entity-resolved
Kohn Group 2 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7377 RDG RD, CLEVELAND, OH 44129-6602
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
$262,500
Kohn Group 2 LLC
Pleasantview Real Estate Company
Warranty Deed
—
Mar 29, 2021
—
Pleasantview Real Estate Company
—
Deed
related
$11,248,200 · Cambridge Realty Capital Ltd
—
—
Pleasantview Real Estate Co
—
Deed Of Trust
related
$13,873,700 · Cambridge Realty Capital Ltd
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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