Vacant Licensed Assisted Living
For Sale
$2,500,000
1930 Lincoln St, Hollywood, FL 33020
Vacant assisted living facility with full licensure and capacity for 21 beds, ready for occupancy.
Property Size4,305 SF
Days on Market109
Property Features for 1930 Lincoln St
General Information
Standard status
Active
Size
4,305 SF
Property subtype
Special Purpose
Additional Details
Cap Rate
12%
Taxes and HOA fees
Annual Taxes
$10,751
Building Details
Building Size
4,305 SF
Year Built
1954
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
Randall Sanz · License #3285074
(305) 968-6238
Source:
Relinkre
Added: Jul 6
Changed: Oct 16
Last Checked: Oct 21 at 5:31AM
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
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Investment Insights
Based on property information with market context.
This vacant assisted living facility is fully licensed and designed for resident care with capacity for 21 beds. The property is currently available as a for-sale opportunity, with licensing already in place for continued operations once occupied.
The facility is located at 1930 Lincoln Street, Hollywood, FL 33020. The public remarks indicate revenue expectations upon full occupancy, including projected gross revenue and net income figures.
With the existing licensure and 21-bed configuration, the building is positioned to support an operational assisted living program following re-occupancy.
The facility is located at 1930 Lincoln Street, Hollywood, FL 33020. The public remarks indicate revenue expectations upon full occupancy, including projected gross revenue and net income figures.
With the existing licensure and 21-bed configuration, the building is positioned to support an operational assisted living program following re-occupancy.
Key Highlights
- Vacant assisted living facility (ALF) with full licensure, ready for occupancy
- Capacity for 21 beds
- Year built: 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,756
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,120
$1.4M
Cap Rate 7%
$1,025,086
$1.0M
Cap Rate 9%
$797,289
$797.3K
Market Conditions
NOI Build-Up for 4,305 SF
Gross rent
$136.9K $31.80/SF
− Vacancy
−$6.4K −$1.49/SF
EGI
$130.5K $30.31/SF
− OpEx
−$58.7K −$13.64/SF
NOI
$71.8K $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 Rate 5%
$1,435,120
Cap Rate 7%
$1,025,086
Cap Rate 9%
$797,289
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$897.0K – $1.20M
NOI $71,756 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,888 @ 7.0% cap · market cap 4.72%
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
Location Intelligence
Trade Area within ½ mile
3,411
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Life is Precious ALF — 2527 Jackson St, Hollywood, FL 33020
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- Home Instead — 2131 Hollywood Blvd STE 503, Hollywood, FL 33020
- MAZAL Nursing Services, Inc. — 1930 Harrison St STE 205, Hollywood, FL 33020
- Midtown Manor — 2001 Polk St, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Assisted living facility - Vacant assisted living facility with full licensure and capacity for 21 beds, ready for occupancy.
Where is this assisted living facility located?
The property is located at 1930 Lincoln St Hollywood, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Vacant assisted living facility (ALF) with full licensure, ready for occupancy; Capacity for 21 beds; Year built: 1954
