Assisted Living Facility with Open Common
New
For Sale
Contact for pricing
1040 La Paloma Drive, Rockledge, FL 32955
A five-bedroom, three-bathroom layout includes an open kitchen, dining, and living area.
Property Size1,864 SF
Price / SF$2.49
Days on Market2
Property Features for 1040 La Paloma Drive
General Information
Standard status
Active
Size
1,864 SF
Amenities
open Kitchen
Dining
Living areas
Listing Agency:
Blue Marlin Real Estate
(321) 877-2902
Listed By:
Kaitlin F. Bertino · License #3454469
(321) 326-4377
Source:
Startbrevardsearch
Added: Nov 4
Last Checked: Nov 4 at 2:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blue Marlin Real Estate
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Investment Insights
Based on property information with market context.
Configured as an assisted living facility, the property offers 1,864 square feet with five bedrooms and three bathrooms. An open kitchen, dining area, and living space provide shared interior areas within the residence.
Located at 1040 La Paloma Drive in Rockledge, Florida, the property is offered for sale.
Located at 1040 La Paloma Drive in Rockledge, Florida, the property is offered for sale.
Key Highlights
- Configured as an assisted living facility
- 1,864 square feet with five bedrooms and three bathrooms
- Open kitchen, dining, and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,081
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,620
$381.6K
Cap Rate 7%
$272,586
$272.6K
Cap Rate 9%
$212,011
$212.0K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$36.9K $19.80/SF
− Vacancy
−$2.2K −$1.19/SF
EGI
$34.7K $18.61/SF
− OpEx
−$15.6K −$8.38/SF
NOI
$19.1K $10.24/SF
Area
Brevard County, FL
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,620
Cap Rate 7%
$272,586
Cap Rate 9%
$212,011
Alternative Uses
Best Use
Apartment 5plus
$272.6K
$238.5K – $318.0K
NOI $19,081 @ 7.0% cap · market cap 410.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$491.8K
$430.3K – $573.7K
NOI $34,424 @ 7.0% cap · market cap 740.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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Business Placement
Demographics for 32955, FL
40,275
Population
19,281
Households
2.1
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
50.9 sq mi
ZIP Area
791
Density / Sq Mi
$85,133
Median Household Income
$43,574
Median Earnings
$1,656
Median Rent
$327,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - A five-bedroom, three-bathroom layout includes an open kitchen, dining, and living area.
Where is this assisted living facility located?
The property is located at 1040 La Paloma Drive Rockledge, FL.
What are key features of this property?
This property features: Configured as an assisted living facility; 1,864 square feet with five bedrooms and three bathrooms; Open kitchen, dining, and living areas
