Licensed 16-Bed Assisted Living
For Sale
Contact for pricing
1208 Kennedy Rd., Daytona Beach, FL 32117
Single-story senior care property with resident accommodations, shared living areas, administrative space, and a commercial kitchen.
Property Size4,656 SF
Price / SF$148.20
Days on Market9
Property Features for 1208 Kennedy Rd.
General Information
Standard status
Active
Size
4,656 SF
Class
C
Property subtype
Senior Living
Zoning
Multifamily Residential 20
Investment Type
Value Add
Additional Details
Business Included
Yes
Sprinkler System
Yes
Building Details
Year Built
1968
Year Renovated
2010
Buildings
2
Stories
1
Units
11
Listing Agency:
Selby Realty Inc.
(386) 295-3313
Listed By:
Kyle Selby · License #SL3248500
Source:
Crexi
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 8:06AM
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 Selby Realty Inc.
Investment Insights
Based on property information with market context.
This licensed assisted living facility provides 16 beds within a single-story, 4,656-square-foot building. The interior includes resident accommodations, common living areas, administrative space, and a commercial kitchen. Multifamily Residential 20 zoning supports the property’s established senior housing use.
Property improvements include a roof installed in August 2017, a 5-ton HVAC system installed in January 2026, a built-in Generac generator, and a full fire sprinkler system. The facility is located at 1208 Kennedy Rd. in Daytona Beach, with access to hospitals, medical providers, shopping, and major roadways.
Property improvements include a roof installed in August 2017, a 5-ton HVAC system installed in January 2026, a built-in Generac generator, and a full fire sprinkler system. The facility is located at 1208 Kennedy Rd. in Daytona Beach, with access to hospitals, medical providers, shopping, and major roadways.
Key Highlights
- Licensed 16‑bed assisted living facility
- 4,656‑square‑foot single‑story building constructed in 1968
- Resident accommodations, common areas, administrative space, and commercial kitchen
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
$35,479
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
5.14%
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%
$709,580
$709.6K
Cap Rate 7%
$506,843
$506.8K
Cap Rate 9%
$394,211
$394.2K
Market Conditions
NOI Build-Up for 4,656 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
$72.1K $15.48/SF
− Vacancy
−$7.6K −$1.63/SF
EGI
$64.5K $13.85/SF
− OpEx
−$29.0K −$6.23/SF
NOI
$35.5K $7.62/SF
Area
Volusia County, FL
Vacancy
10.50%
Lease Rate
$15.48 /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%
$709,580
Cap Rate 7%
$506,843
Cap Rate 9%
$394,211
Alternative Uses
Best Use
Apartment 5plus
$506.8K
$443.5K – $591.3K
NOI $35,479 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,100 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32117, FL
28,223
Population
14,392
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,352
Density / Sq Mi
$52,132
Median Household Income
$32,189
Median Earnings
$1,392
Median Rent
$175,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Single-story senior care property with resident accommodations, shared living areas, administrative space, and a commercial kitchen.
Where is this assisted living facility located?
The property is located at 1208 Kennedy Rd. Daytona Beach, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Licensed 16‑bed assisted living facility; 4,656‑square‑foot single‑story building constructed in 1968; Resident accommodations, common areas, administrative space, and commercial kitchen
