Furnished Assisted Living
201 ROSEFIELD Avenue, Leesburg, FL 34748
For Sale
$645,000
Under Contract
Commercial Sale, LEESBURG, FL
Property Size3,465 SF
Lot Size0.20 Acres
Price / SF$186.15
Days on Market81
Property Features for 201 ROSEFIELD Avenue
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
Ayesha Verma · License FL SL3531226
(407) 639-0345
Added: Aug 24
Changed: Oct 21
Last Checked: Nov 12 at 8:06AM
MLS# O6434042
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.
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Investment Insights
Based on property information with market context.
The 3,465-square-foot building was constructed in 1958 and sits on a 0.2-acre parcel. It has 11 bedrooms and was previously licensed for 20 residents. The vacant property is furnished and includes 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 provide for a 19-bed room and boarding house, including a manager, or an 18-bed assisted living facility. The latter requires parking reconfiguration; the city’s stated requirements call for approximately six added spaces for the boarding-house use or three added spaces for assisted living, including one ADA-compliant space. Zoning is C-3. Other congregate uses would require independent confirmation with the relevant authorities.
Current partial approvals provide for a 19-bed room and boarding house, including a manager, or an 18-bed assisted living facility. The latter requires parking reconfiguration; the city’s stated requirements call for approximately six added spaces for the boarding-house use or three added spaces for assisted living, including one ADA-compliant space. Zoning is C-3. Other congregate uses would require independent confirmation with the relevant authorities.
Key Highlights
- Previously licensed assisted living facility for 20 residents; 11 bedrooms
- Partial approval for a 19‑bed room and boarding house, including manager, or an 18‑bed assisted living facility
- 3,465 square feet on a 0.2‑acre parcel; built in 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,234
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,680
$724.7K
Cap Rate 7%
$517,629
$517.6K
Cap Rate 9%
$402,600
$402.6K
Market Conditions
NOI Build-Up for 3,465 SF
Gross rent
$70.7K $20.40/SF
− Vacancy
−$4.8K −$1.39/SF
EGI
$65.9K $19.01/SF
− OpEx
−$29.6K −$8.56/SF
NOI
$36.2K $10.46/SF
Area
Lake County, FL
Vacancy
6.80%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,680
Cap Rate 7%
$517,629
Cap Rate 9%
$402,600
Alternative Uses
Best Use
Apartment 5plus
$517.6K
$452.9K – $603.9K
NOI $36,234 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$977.7K – $1.30M
NOI $78,212 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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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Similar Off Market Nearby
- Vista Lake Assisted Living — 700 S Lake St, Leesburg, FL 34748
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- Heidi's Haven Assisted Living Facility — 1205 Bonaire Dr, Leesburg, FL 34748
- Heidi's Haven — 1205 Bonaire Dr, Leesburg, FL 34748
- Wedgewood Community — 107 perkins st # 7, leesburg, fl 34748
Frequently Asked Questions
What type of property is this?
Assisted living facility - A vacant, furnished care property includes fire protection systems, a 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: Previously licensed assisted living facility for 20 residents; 11 bedrooms; Partial approval for a 19‑bed room and boarding house, including manager, or an 18‑bed assisted living facility; 3,465 square feet on a 0.2‑acre parcel; built in 1958
