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Assisted Living Facility on Three Acres
For Sale
$950,000

15458 SNOW MEMORIAL Highway, Brooksville, FL 34601

MULTI_FAMILY - BROOKSVILLE, FL

Property Size3,456 SF
Lot Size3.00 Acres
Price / SF$274.88
Days on Market143

Property Features for 15458 SNOW MEMORIAL Highway

General Information

Property type Residential Multi Family
Property subtype Other
Zoning AG
Bedrooms 10
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 6, Bedroom 9, Bathroom 4, Bedroom 3, Laundry Room, Bedroom 8, Bedroom 10, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 2
Parking features Guest, Open, Oversize
Interior features Ceiling Fans(s)
Exterior features Courtyard, Lighting, Outdoor Grill, Outdoor Kitchen, Sidewalk
Subdivision S1/2 OF W3/4 OF S1/2 OF SW1/4 OF SE1/4
Elementary school Brooksville Elementary
Middle school D.S. Parrot Middle
High school Hernando High
Directions Cortez Blvd, slight right turn onto S Broad St, turn left onto Snow Memorial Hwy, on the right
Standard status Active
APN R13-421-19-0000-0080-0000
Size 3,456 SF
Lot size 3.00 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description S1/2 OF W3/4 OF S1/2 OF SW1/4 OF SE1/4 LESS E264 FT
Tax Annual Amount 10277
Legal Description S1/2 OF W3/4 OF S1/2 OF SW1/4 OF SE1/4 LESS E264 FT

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Electric (Heating)
Cooling system Central Air
Water source Well

Amenities

covered screened-in back patio
pavilion with kitchen sink, grill, pizza oven

Building Details

Year built 1960
Number of units 2
Flooring type Vinyl, Tile - Ceramic
Building materials Block, Stucco
Roof type Metal
Additional Structures Outdoor Kitchen, Gazebo
Listing Agency: HOME LAND REAL ESTATE INC
Listed By: Kimberly Pye, PA · License #3315876
Added: Mar 11 Changed: Jul 31 Last Checked: Jul 31 at 5:06PM
MLS# W7883652

Copyright © 2026 Stellar MLS. 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.

Assisted living facility opportunity on a three-acre AG-zoned property with two separate residences. The main house is 1,216 sq ft and has three bedrooms, two remodeled bathrooms, two living rooms, and a full remodeled kitchen, plus a large laundry room with two sets of washers and dryers. The second house is set up for assisted living and is 2,240 sq ft, featuring seven bedrooms (can be eight), three remodeled bathrooms, a full remodeled kitchen and dining room, and a large covered, screened-in back patio.

Outdoor gathering space includes a large pavilion with a kitchen sink, a grill, and a pizza oven, along with a large parking lot to accommodate visitors. Construction includes block and stucco with a metal roof. The property has central air and electric heating, cable available, a well water source, and a septic tank. Located at 15458 Snow Memorial Highway in Brooksville, FL.

Key Highlights

  • Three‑acre property zoned AG
  • Assisted living facility use up to ten beds
  • Two houses: main house 1,216 sq ft plus assisted living home 2,240 sq ft

Financial Insights For Multifamily LT 5

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 $61.8k $17.88
− Vacancy −$4.2k −$1.21
EGI $57.6k $16.67
− OpEx −$17.3k −$5.00
NOI $40.3k $11.67
3,456 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$576.3K
$504.3K – $672.3K (±1% cap)
NOI $40,340 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$454.1K
$397.3K – $529.8K (±1% cap)
NOI $31,785 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$787.3K
$688.9K – $918.5K (±1% cap)
NOI $55,108 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Assisted living facilities

Suggested Use

Top Pick Building Supply HVAC Service Kitchen & Bath Showroom Home Appliance Store Pet Store Pet Store & Service

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

12
Businesses Nearby
Well-served
Demand for This Use

Demographics for 34601, FL

23,001
Population
12,276
Households
1.9
Avg Household Size
50
Median Age
20%
College-Educated
88%
High-School Grad
114.0 sq mi
ZIP Area
202
Density / Sq Mi
$56,365
Median Household Income
$35,182
Median Earnings
$1,066
Median Rent
$151,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Assisted living facility - Three-acre AG-zoned property designed for assisted living up to ten beds, with two remodeled houses.
Where is this assisted living facility located?
The property is located at 15458 SNOW MEMORIAL Highway Brooksville, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three‑acre property zoned AG; Assisted living facility use up to ten beds; Two houses: main house 1,216 sq ft plus assisted living home 2,240 sq ft
More about this property
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