Furnished Assisted Living
For Sale
$645,000
Pending
201 ROSEFIELD AVENUE, Leesburg, FL 34748
Vacant, furnished former care facility with fire protection, generator, and a renovated kitchen.
Property Size4,725 SF
Days on Market58
Property Features for 201 ROSEFIELD AVENUE
General Information
Standard status
Pending
Size
4,725 SF
Property subtype
Multi-Family 5+
Property Condition
Severity
Repairs Needed
Evidence
modest capital improvements needed to resume operations
Additional Details
Sprinkler System
Yes
Amenities
automatic generator
renovated kitchen
new flooring
new water heater
new HVAC unit
Building Details
Year Built
1958
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
Ayesha Verma · License #3531226
(407) 639-0345
Source:
Endlesssummerrealty
Added: Aug 24
Changed: Oct 19
Last Checked: Oct 19 at 10:28AM
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 KELLER WILLIAMS REALTY AT THE PARKS
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Investment Insights
Based on property information with market context.
This 4,725-square-foot, single-building property was constructed in 1958 and previously operated as a 20-bed assisted living facility. The vacant building includes 11 bedrooms and is being offered fully furnished, with fire sprinklers, a fire alarm system, an automatic generator, a renovated kitchen, some new flooring, a new water heater, and one new HVAC unit.
Current partial approvals identify two potential operating paths: a 19-resident Room & Boarding House, including a manager, or an 18-bed Assisted Living Facility. The assisted living configuration requires parking reconfiguration, while the boarding-house option requires approximately 6 additional parking spaces. Other possible congregate uses include independent living, memory care, day care, group home, foster home, APD group home, and halfway house uses, subject to independent verification with the City of Leesburg and applicable agencies.
Located in downtown Leesburg at 201 Rosefield Avenue, the property provides an existing furnished and improved platform for repositioning, with permits, zoning, capacity, parking, and intended-use requirements requiring buyer confirmation.
Current partial approvals identify two potential operating paths: a 19-resident Room & Boarding House, including a manager, or an 18-bed Assisted Living Facility. The assisted living configuration requires parking reconfiguration, while the boarding-house option requires approximately 6 additional parking spaces. Other possible congregate uses include independent living, memory care, day care, group home, foster home, APD group home, and halfway house uses, subject to independent verification with the City of Leesburg and applicable agencies.
Located in downtown Leesburg at 201 Rosefield Avenue, the property provides an existing furnished and improved platform for repositioning, with permits, zoning, capacity, parking, and intended-use requirements requiring buyer confirmation.
Key Highlights
- 4,725‑square‑foot former assisted living facility constructed in 1958
- Previously licensed for 20 residents; property includes 11 actual bedrooms
- Partially approved for a 19‑resident Room & Boarding House, including manager
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,024
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,480
$1.2M
Cap Rate 7%
$828,914
$828.9K
Cap Rate 9%
$644,711
$644.7K
Market Conditions
NOI Build-Up for 4,725 SF
Gross rent
$112.8K $23.88/SF
− Vacancy
−$7.3K −$1.55/SF
EGI
$105.5K $22.33/SF
− OpEx
−$47.5K −$10.05/SF
NOI
$58.0K $12.28/SF
Area
Lake County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,160,480
Cap Rate 7%
$828,914
Cap Rate 9%
$644,711
Alternative Uses
Best Use
Apartment 5plus
$828.9K
$725.3K – $967.1K
NOI $58,024 @ 7.0% cap · market cap 9.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,122 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,605
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Vacant, furnished former care facility with fire protection, generator, and a renovated kitchen.
Where is this assisted living facility located?
The property is located at 201 ROSEFIELD AVENUE Leesburg, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 4,725‑square‑foot former assisted living facility constructed in 1958; Previously licensed for 20 residents; property includes 11 actual bedrooms; Partially approved for a 19‑resident Room & Boarding House, including manager
