16-Bed Assisted Living
For Sale
$690,000
1208 Kennedy Road, Daytona Beach, FL 32117
Commercial Sale, Daytona Beach, FL
Property Size4,656 SF
Lot Size0.57 Acres
Price / SF$148.20
Days on Market48
Property Features for 1208 Kennedy Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street
Directions
From Nova Rd. turn west on 4th street then north on Kennedy Rd. Property will be on your left.
Subdivision
35 - Mason to LPGA E of 95
Standard status
Active
APN
4244-01-20-0084
Size
4,656 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 137.45 FT OF S 200 FT OF N 785 FT OF LOT 8 BLK 20 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 INC PER OR 4301 PG 1963 PER OR 7785 PG 4569
Tax Annual Amount
3902
Legal Description
W 137.45 FT OF S 200 FT OF N 785 FT OF LOT 8 BLK 20 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 INC PER OR 4301 PG 1963 PER OR 7785 PG 4569
Utilities
Sewer type
Public Sewer
Building Details
Year built
1968
Listing Agency:
Selby Realty, Inc.
(386) 238-4456
Listed By:
Kyle Selby · License #SL3248500
(386) 295-3313
Added: Aug 3
Changed: Aug 20
Last Checked: Sep 19 at 3:06PM
MLS# 1229260
Copyright © 2026 Daytona Beach Area Association of Realtors. 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 licensed assisted living property occupies a single-story, 4,656-square-foot building constructed in 1968. The layout includes resident accommodations, common living areas, administrative space, and a commercial kitchen. The facility is configured for 16 beds and includes off-street parking.
Building 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 property is served by public sewer and includes additional land that could be developed to increase bed capacity. Its Daytona Beach setting provides access to hospitals, medical providers, shopping, and major roadways.
Building 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 property is served by public sewer and includes additional land that could be developed to increase bed capacity. Its Daytona Beach setting provides access to hospitals, medical providers, shopping, and major roadways.
Key Highlights
- Licensed 16‑bed assisted living facility in a single‑story building
- 4,656‑square‑foot facility 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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- Magnolia Gardens — 1031 4th St, Daytona Beach, FL 32117
- Highlands Manor Apartments — 956 Derbyshire Rd, Daytona Beach, FL 32117
- Elderly Living Center-Holly Hill — 810 Oleander Ave, Holly Hill, FL 32117
Frequently Asked Questions
What type of property is this?
Assisted living facility - Single-story licensed care property with resident rooms, shared living areas, administrative space, and a commercial kitchen.
Where is this assisted living facility located?
The property is located at 1208 Kennedy Road 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 in a single‑story building; 4,656‑square‑foot facility constructed in 1968; Resident accommodations, common areas, administrative space, and commercial kitchen
