6-Bed Turnkey Assisted Living
For Sale
$465,000
207 W WHEELER, Seffner, FL 33584
Vacant, newly licensed 6-bed assisted living facility with fire protection systems, backup power, and ADA-accessible bathrooms.
Property Size2,525 SF
Days on Market110
Property Features for 207 W WHEELER
General Information
Standard status
Active
Size
2,525 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,142
Building Details
Building Size
2,525 SF
Year Built
1975
Stories
1
Listing Agency:
Realty ONE Group Next Generation
Listed By:
Manase DeLeon · License #SL3578844
(407) 906-5036
Source:
Elliman
Added: Jul 4
Changed: Oct 9
Last Checked: Oct 20 at 9:55PM
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 Realty ONE Group Next Generation
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Investment Insights
Based on property information with market context.
This newly licensed, turnkey assisted living facility is currently vacant and ready for immediate start-up. The building is equipped with fire sprinklers and a fire alarm system, including pull stations, fire extinguishers, and exit signs. Safety and accessibility features include ramps, grab bars, and ADA accessible bathrooms. A backup generator with a fuel supply is also in place.
The property is located at 207 W Wheeler Rd, Seffner, FL 33584. The seller notes the facility is designed with safety and compliance in mind and indicates support and guidance may be available during the ownership transfer process. A pro forma financial projection and detailed pricing breakdown are available upon request.
The current license is for 6 beds. The seller also states there is the possibility of expanding beyond the current 6-bed license, subject to local zoning, permitting, and regulatory approvals. Please do not disturb the operator, potential tenants, or visit the property without a scheduled appointment.
The property is located at 207 W Wheeler Rd, Seffner, FL 33584. The seller notes the facility is designed with safety and compliance in mind and indicates support and guidance may be available during the ownership transfer process. A pro forma financial projection and detailed pricing breakdown are available upon request.
The current license is for 6 beds. The seller also states there is the possibility of expanding beyond the current 6-bed license, subject to local zoning, permitting, and regulatory approvals. Please do not disturb the operator, potential tenants, or visit the property without a scheduled appointment.
Key Highlights
- Vacant, newly licensed 6‑bed assisted living facility ready for immediate operation
- Equipped with fire protection systems including fire sprinklers and a fire alarm system
- Safety equipment includes pull stations, fire extinguishers, and exit signs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,223
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,460
$464.5K
Cap Rate 7%
$331,757
$331.8K
Cap Rate 9%
$258,033
$258.0K
Market Conditions
NOI Build-Up for 2,525 SF
Gross rent
$45.5K $18.00/SF
− Vacancy
−$3.2K −$1.28/SF
EGI
$42.2K $16.72/SF
− OpEx
−$19.0K −$7.52/SF
NOI
$23.2K $9.20/SF
Area
Hillsborough County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,460
Cap Rate 7%
$331,757
Cap Rate 9%
$258,033
Alternative Uses
Best Use
Apartment 5plus
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$731.3K
$639.9K – $853.1K
NOI $51,188 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 33584, FL
27,503
Population
10,906
Households
2.5
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
19.2 sq mi
ZIP Area
1,432
Density / Sq Mi
$68,330
Median Household Income
$42,648
Median Earnings
$1,379
Median Rent
$280,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Vacant, newly licensed 6-bed assisted living facility with fire protection systems, backup power, and ADA-accessible bathrooms.
Where is this assisted living facility located?
The property is located at 207 W WHEELER Seffner, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Vacant, newly licensed 6‑bed assisted living facility ready for immediate operation; Equipped with fire protection systems including fire sprinklers and a fire alarm system; Safety equipment includes pull stations, fire extinguishers, and exit signs
