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
Price / SF$580.72
Days on Market86
Property Features for 1930 Lincoln St
General Information
Standard status
Active
Size
4,305 SF
Property subtype
General Commercial
Additional Details
Cap Rate
12%
Taxes and HOA fees
Annual Taxes
$10,751
Amenities
3
8 Parking Spaces.
Building Details
Year Built
1954
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
Randall Sanz · License #3285074
(305) 968-6238
Source:
Xome
Added: Jun 14
Changed: Sep 1
Last Checked: Sep 6 at 6:01AM
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 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 = 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
$71,756
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
2.87%
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%
$1,435,120
$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
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
$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 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%
$1,435,120
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.
Property Analytics
Property Profile
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
