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Property profile & analytics
OFF-MARKET
Estimated value
$9,000,000
Assisted living facilities
7585 Mcmillen Dr Newark, OH 43055
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2066727
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1979
Total area
38,451 SF
Lot
2.2 ac (95,832 SF)
APN
054-233286-00.000
UPID
US66-2066727
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
$7.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.00M
Owner & transaction history
Newark Propco LLC · 1 yrs held
Newark Propco LLC
since 2025
Last sale
$10.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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
$8,320,000
ML approach
$7,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.00M
Range $8.10M – $9.90M · ±10% · vs last sale $10.00M (Apr 21 2025)
Last sale anchor
$10.00M
Apr 21 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
$234 / 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
$73,846
Tax year 2023
Assessed value
$1,710,770
Assessed 2023
Previous assessed
$1,710,770
+0.0% YoY
Effective rate
4.32%
On assessed value
Assessed land
$173,250
Assessed improvement
$1,537,520
Land market value
$495,000
Improvement market value
$4,392,900
Total market value
$4,887,900
Applied tax rate
54.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
38,451 SF
Lot
2.2 ac (95,832 SF)
APN
054-233286-00.000
UPID
US66-2066727
Jurisdiction
LICKING
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Newark Propco LLC
Entity
Mailing address
2700 PATRIOT BLVD STE #400, GLENVIEW, IL 60026-8030
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2025
$10,000,000
Newark Propco LLC
75 Mcmillen Drive LLC
Deed
$40,900,000 · Oxford Finance LLC
Aug 29, 2024
—
75 Mcmillen Drive LLC
Hpg Oh Newark LLC
Limited Warranty Deed
—
Mar 8, 2022
—
Hpg Oh Newark LLC
—
Deed
related
$70,000 · Oxford Finance LLC
Mar 9, 2020
—
Hpg Oh Newark LLC
—
Deed
related
$54,750,000 · Cibc Bank USA
Mar 5, 2020
—
Hpg Oh Newark LLC
75 Mcmillen Holdings LLC
Grant Deed
—
Oct 24, 2017
$10,255,900
75 Mcmillen Holdings LLC
Knd Real Estate 13 LLC
Limited Warranty Deed
$56,000,000 · Fifth Third 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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