11937 NW 31st St Coral Springs, FL 33065
Licensed assisted living facility with high occupancy and revenue.
Property Features for 11937 NW 31st St
General Information
- Standard status
- Active
- Size
- 2,393 SF
- Property subtype
- Senior Living
Building Details
- Year Built
- 1976
Listing office RE/MAX 5 Star Realty (954) 453-1000
Listing date Dec 5, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully operational, licensed 6‑bed (zoned for 8) Assisted Living Facility.
- 100% occupancy with experienced staff in place.
- Generates $318,660 in gross revenue.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.7k | $30.36 |
| − Vacancy | −$3.3k | −$1.37 |
| EGI | $69.4k | $28.99 |
| − OpEx | −$31.2k | −$13.05 |
| NOI | $38.2k | $15.95 |
Alternative Uses
Property Analytics
Current Use by Public Records
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