Large Home for Assisted
For Sale
$1,099,995
3211 Calle Largo Dr, Hollywood, FL 33021
Spacious home ideal for assisted living or group home.
Property Size3,599 SF
Lot Size0.30 Acres
Price / SF$314.28
Days on Market124
Property Features for 3211 Calle Largo Dr
General Information
Standard status
Active
Size
3,599 SF
Lot size
0.30 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,203
Building Details
Building Size
3,599 SF
Year Built
1982
Stories
1
Listing Agency:
Real Broker LLC
(305) 491-6714
Listed By:
Adrienne Malics · License #3057596
(305) 491-6714
Source:
Elliman
Added: Apr 24
Changed: Aug 17
Last Checked: Aug 24 at 10:32AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This property is suitable for establishing an assisted living facility, group home, or sober living facility. The home offers over 3,500 square feet of living space, featuring 6 bedrooms and 4 bathrooms. It includes multiple entrances and large common areas. The property has a new roof and impact windows. There is space available for an office, staff quarters, and a storage area. The oversized lot, exceeding 13,000 square feet, allows for future building expansion, with the potential to add extra bedrooms and bathrooms. Parking is available for 6 or more cars. The property is one of the largest homes in the area. It is centrally located near I-95, with hospitals and shopping within a mile. The location has a bike score of 65, indicating it is bikeable, and a walk score of 73, signifying it is very walkable. The transit score is 37, suggesting some transit options are available.
Key Highlights
- Ideal for Assisted Living Facility (ALF), Group Home, or Sober Living Facility due to its size and layout.
- Boasts a Large 3,500+ sq ft living space with 6 bedrooms and 4 bathrooms.
- Oversized 13,000+ sq ft double lot allows for future expansion.
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
$58,338
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
5.30%
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%
$1,166,760
$1.2M
Cap Rate 7%
$833,400
$833.4K
Cap Rate 9%
$648,200
$648.2K
Market Conditions
NOI Build-Up for 3,500 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
$111.3K $31.80/SF
− Vacancy
−$5.2K −$1.49/SF
EGI
$106.1K $30.31/SF
− OpEx
−$47.7K −$13.64/SF
NOI
$58.3K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /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%
$1,166,760
Cap Rate 7%
$833,400
Cap Rate 9%
$648,200
Alternative Uses
Best Use
Apartment 5plus
$833.4K
$729.2K – $972.3K
NOI $58,338 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,844 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,067
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33021, FL
50,091
Population
21,930
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
5,692
Density / Sq Mi
$69,249
Median Household Income
$41,390
Median Earnings
$1,707
Median Rent
$395,800
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Life is Precious ALF — 2527 Jackson St, Hollywood, FL 33020
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- Advanced Senior Care — 4950 washington st #128, hollywood, fl 33021
- Seasons Hospice & Palliative Care In patient Unit — 3600 Washington St, Hollywood, FL 33021
- Robert Shapiro & Associates PA — 2721 Hollywood Blvd, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Assisted living facility - Spacious home ideal for assisted living or group home.
Where is this assisted living facility located?
The property is located at 3211 Calle Largo Dr Hollywood, FL.
What is the asking price?
The asking price for this property is $1,099,995.
What are key features of this property?
This property features: Ideal for Assisted Living Facility (ALF), Group Home, or Sober Living Facility due to its size and layout.; Boasts a Large 3,500+ sq ft living space with 6 bedrooms and 4 bathrooms.; Oversized 13,000+ sq ft double lot allows for future expansion.
