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Operating Assisted Living Facility

11937 NW 31st St Coral Springs, FL 33065

11937 NW 31st St, Coral Springs, FL, 33065
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Licensed assisted living facility with high occupancy and revenue.

Property Size2,393 SF
Price / SF$417.89
AddedDec 5, 2024
Days on Market587
Last RefreshJul 15 at 9:54 am

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

Listing date Dec 5, 2024

Source Crexi

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 RE/MAX 5 Star Realty


Investment Insights

Based on property information with market context.

This is a licensed assisted living facility located in Coral Springs, Florida. The facility is currently operating with 100% occupancy and has experienced staff. It is licensed for 6 beds but zoned for 8 beds. The property generates $318,660 in gross revenue and nets $116,537. The property size is 2,393 square feet. This assisted living facility presents an investment opportunity in a high-demand market.

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
2,393 SF · lease $30.36/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$545.1K
$477.0K – $636.0K (±1% cap)
NOI $38,160 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.08M
$3.57M – $4.76M (±1% cap)
NOI $285,653 @ 7.0% cap · market cap 28.57%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Assisted living facilities

Suggested Use

Dental Office Restaurant Hair Salon Real Estate Agency Parking Lot & Garage Daycare Center Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Spa & Massage Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Lindy Care At Coral Springs Inc. — 9565 NW 27th St, Coral Springs, FL 33065
  • HarborChase of Coral Springs — 2975 NW 99th Ave, Coral Springs, FL 33065
  • The Gardens at Coral Springs Assisted Living — 2971 nw 95th ave, coral springs, fl 33065
  • Binda Assisted Living — Coral Springs, FL 33065

FAQs

What type of property is this?
Assisted living facility - Licensed assisted living facility with high occupancy and revenue.
Where is this assisted living facility located?
The property is located at 11937 NW 31st St Coral Springs, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fully operational, licensed 6‑bed (zoned for 8) Assisted Living Facility.; 100% occupancy with experienced staff in place.; Generates $318,660 in gross revenue.
Contact an agent
(954) 453-1000 Call to check price and availability
More about this property
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