Building Details

Year Built 2012

Listing Agency: MAVREALTY Show Phone

Listed By: ROBERT KIRKWOOD, IV · License #3376813 Show Phone

Source: Corcoran

Added: Feb 19, 2025 Changed: Oct 16 Last Checked: Oct 16 at 9:16AM

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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 MAVREALTY

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Investment Insights

Based on property information with market context.

This property features a 50-bed Assisted Living Facility (ALF) with upgraded electrical and plumbing. The existing buildout allows for a possible retro-fit to a medical office use. The property is situated across from Valencia College East, offering an opportunity for healthcare providers and related businesses. Additional parking can be added to accommodate needed ratios. The property size is 39541 square feet.

Key Highlights

• 50‑bed Assisted Living Facility (ALF) already in place.
• Upgraded electrical and plumbing buildouts.
• Potential retro‑fit to medical office use.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$431,431

Cap Rate

5.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,628,620 $8.6M

Cap Rate 7%

$6,163,300 $6.2M

Cap Rate 9%

$4,793,678 $4.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 39,541 SF

Gross rent

$839.9K $21.24/SF

− Vacancy

−$55.4K −$1.40/SF

EGI

$784.4K $19.84/SF

− OpEx

−$353.0K −$8.93/SF

NOI

$431.4K $10.91/SF

Area

ZIP 32825

Vacancy

6.60%

Lease Rate

$21.24 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,628,620

Cap Rate 7%

$6,163,300

Cap Rate 9%

$4,793,678

Alternative Uses

Best Use

Apartment 5plus

$6.16M

$5.39M – $7.19M (±1% cap)

NOI $431,431 @ 7.0% cap · market cap 5.57%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$11.61M

$10.16M – $13.55M (±1% cap)

NOI $812,976 @ 7.0% cap · market cap 10.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Elizabeth H. Campbell, ... Physician Dr. Ejaz Ghaffar, ... Physician Palm Garden of Orlando Rehabilitation Center Etsec Palm Gardens Garden Center

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

157

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 32825, FL

61,755

Population

22,360

Households

2.8

Avg Household Size

36

Median Age

34%

College-Educated

91%

High-School Grad

18.4 sq mi

ZIP Area

3,356

Density / Sq Mi

$79,942

Median Household Income

$37,957

Median Earnings

$1,738

Median Rent

$327,900

Median Home Value

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Similar Off Market Nearby

• Grand Palms Alf Operator — 600 n econlockhatchee trail, orlando, fl 32825
• Grand Palms Assisted Living & Memory Care — 600 N Econlockhatchee Trail, Orlando, FL 32825
• Golden Carriage Retirement Home — 926 meller way, orlando, fl 32825
• Central Florida Group Homes — 9991 Gronau Ct, Orlando, FL 32825
• Golden Carriage Retirement Home 1 Inc — 926 Meller Way, Orlando, FL 32825

Frequently Asked Questions

What type of property is this?

Assisted living facility - Assisted Living Facility suitable for medical office retrofit.

Where is this assisted living facility located?

The property is located at 654 N ECONLOCKHATCHEE TRAIL Orlando, FL.

What is the asking price?

The asking price for this property is $7,750,000.

What are key features of this property?

This property features: 50‑bed Assisted Living Facility (ALF) already in place.; Upgraded electrical and plumbing buildouts.; Potential retro‑fit to medical office use.