Furnished Assisted Living
For Sale
$475,000
78 S WINTER PARK Drive, Casselberry, FL 32707
Commercial Sale, CASSELBERRY, FL
Property Size2,166 SF
Lot Size0.30 Acres
Price / SF$219.30
Days on Market115
Property Features for 78 S WINTER PARK Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R-12.5
Security features
Security System
Window features
Blinds
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision
A REP OF A PT OF BLK D CRYSTAL BOWL ADD
Lot features
Near Golf Course, Near Public Transit, Neighbourhood, Oversized Lot, Sidewalk, Street Lights, Paved
Directions
Head east on FL-436 E/Semoran Blvd to Red Bug Lake Road; turn onto S Winter Park Drive; property will be down on your left just past the school.
Standard status
Active
APN
16-21-30-501-0D00-0040
Size
2,166 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 4 (LESS RD) A REPLAT OF A PART OF BLK D CRYSTAL BOWL ADD PB 10 PG 77
Tax Annual Amount
6029
Legal Description
LOT 4 (LESS RD) A REPLAT OF A PART OF BLK D CRYSTAL BOWL ADD PB 10 PG 77
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Ductless (Heating)
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s)
Water source
Public
Amenities
updated kitchen
cozy fireplace
large screened patio
Building Details
Year built
1955
Floors in Building
1
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
CREEGAN GROUP
(407) 622-1111
Listed By:
Chris Creegan · License #3168853
(407) 509-2159
Added: May 14
Changed: Sep 3
Last Checked: Sep 5 at 7:06PM
MLS# O6408053
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This furnished assisted living property contains 2,166 square feet with a 4-bedroom, 3-bath arrangement and a split-bedroom plan. The interior includes updated fixtures, laminate flooring, spacious living and dining areas, and a family room fireplace. An updated kitchen is equipped with stainless steel appliances, extensive cabinetry, pantry storage, and granite work surfaces. The primary suite has a private bath with granite vanity counters and a double closet.
The property is located at 78 S Winter Park Drive in Casselberry, within Seminole County and the 32707 postal area. Exterior features include a circular driveway, screened patio, and backyard. R-12.5 zoning is identified for the property. The building can support assisted living, group home, or residential care use as described, while the source information also identifies conversion back to a single-family residence with modifications. Public water and public sewer serve the property.
The property is located at 78 S Winter Park Drive in Casselberry, within Seminole County and the 32707 postal area. Exterior features include a circular driveway, screened patio, and backyard. R-12.5 zoning is identified for the property. The building can support assisted living, group home, or residential care use as described, while the source information also identifies conversion back to a single-family residence with modifications. Public water and public sewer serve the property.
Key Highlights
- 2,166‑square‑foot furnished property with 4 bedrooms and 3 baths
- R‑12.5 zoning in Casselberry, Seminole County
- Split‑bedroom floor plan with a private primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,599
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,980
$532.0K
Cap Rate 7%
$379,986
$380.0K
Cap Rate 9%
$295,544
$295.5K
Market Conditions
NOI Build-Up for 2,166 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.7K $23.88/SF
− Vacancy
−$3.4K −$1.55/SF
EGI
$48.4K $22.33/SF
− OpEx
−$21.8K −$10.05/SF
NOI
$26.6K $12.28/SF
Area
Seminole County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,980
Cap Rate 7%
$379,986
Cap Rate 9%
$295,544
Alternative Uses
Best Use
Apartment 5plus
$380.0K
$332.5K – $443.3K
NOI $26,599 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.4K
$539.3K – $719.1K
NOI $43,147 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32707, FL
37,704
Population
17,499
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
92%
High-School Grad
9.6 sq mi
ZIP Area
3,928
Density / Sq Mi
$66,780
Median Household Income
$40,280
Median Earnings
$1,573
Median Rent
$305,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Central Florida Group Home — 511 S Winter Park Dr, Casselberry, FL 32707
- Bena Assisted Living Facility — 78 S Winter Park Dr, Casselberry, FL 32707
- Garden Spring Manor — 1420 Guinevere Dr, Casselberry, FL 32707
Frequently Asked Questions
What type of property is this?
Assisted living facility - Split-bedroom planning, updated interiors, and flexible care-oriented or residential use support multiple operating concepts.
Where is this assisted living facility located?
The property is located at 78 S WINTER PARK Drive Casselberry, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,166‑square‑foot furnished property with 4 bedrooms and 3 baths; R‑12.5 zoning in Casselberry, Seminole County; Split‑bedroom floor plan with a private primary suite
