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Property profile & analytics
OFF-MARKET
Estimated value
$2,825,000
Assisted living facilities
8000 Evergreen Rdg Dr Cincinnati, OH 45215-5750
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US66-1958801
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1988
Total area
26,982 SF
Lot
2.07 ac (90,039 SF)
APN
244-0006-0092-00
UPID
US66-1958801
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
-
Tianna N. Brown, PTA Physician
-
Wellspring Retirement Center Nursing Home Retirement Community
-
Wellspring Health Care Center Nursing Home Retirement Community
-
Jessica Hurley Physician
-
Julianne Burgess, MA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.83M
Owner & transaction history
Hc Reit Ccrc Ga II · 12 yrs held
Hc Reit Ccrc Ga II
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.3M
+27.8%
Retail stores
$2.9M
+10.9%
Restaurant
$2.9M
+10.2%
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 Cincinnati submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cincinnati 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$2,610,000
Current use
OFFICE BUILDING
$3,335,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$2,895,000
Change: +11% · Conversion: Difficult
RESTAURANT
$2,880,000
Change: +10% · Conversion: Difficult
MEDICAL BUILDING
$2,830,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,730,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,685,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$2.83M
Range $2.54M – $3.11M · ±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
$105 / 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
$233,021
Tax year 2023
Assessed value
$2,837,583
Assessed 2023
Previous assessed
$2,695,295
+5.3% YoY
Effective rate
8.21%
On assessed value
Assessed land
$109,984
Assessed improvement
$2,727,599
Land market value
$314,240
Improvement market value
$7,793,140
Total market value
$8,107,380
Applied tax rate
1.0000
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
1988
Heating
YES
Cooling
YES
Stories
3
Total area
26,982 SF
Lot
2.07 ac (90,039 SF)
APN
244-0006-0092-00
UPID
US66-1958801
Jurisdiction
HAMILTON
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
$2.6M
OFFICE BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$2.9M
RESTAURANT
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1988
Heating
YES
Cooling
Yes
Stories
3
Lot
2.07 ac
Current owner
From public records · entity-resolved
Hc Reit Ccrc Ga II
Individual
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2014
$7,300,000
Hc Reit Ccrc Ga II
Wlh Wellspring LLC
Grant Deed
—
Nov 22, 2006
—
Wlh Wellspring LLC
Wsl Wellspring Invtrs III LLC
Grant Deed
—
Nov 20, 2003
$7,370,200
Wsl Wellspring Investor III
Senior Lifestyle Wellspring
Grant Deed
—
Nov 20, 2003
—
Wellspring Investor Wsl III
—
Deed Of Trust
related
$7,909,500 · Glaser Financial Group INC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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