Senior Housing
For Sale
Contact for pricing
2102 LADNER RD NE, Palm Bay, FL 32907
RS-2 zoning and 1999 construction support the property’s residential profile.
Property Size5,028 SF
Price / SF$348.05
Days on Market9
Property Features for 2102 LADNER RD NE
General Information
Standard status
Active
Size
5,028 SF
Property subtype
Mixed Use, Land, Senior Living
Zoning
RS-2
Building Details
Year Built
1999
Stories
2
Units
1
Listing Agency:
Dale Sorensen Real Estate Inc.
(321) 951-7013
Listed By:
Lauren Merrell · License #FL
Source:
Crexi
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 11 at 10:32AM
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 Dale Sorensen Real Estate Inc.
Investment Insights
Based on property information with market context.
This senior housing property contains 5,028 SF and was constructed in 1999. The property information identifies the asset as residential and places it within RS-2 zoning.
Located at 2102 Ladner Road NE in Palm Bay, Florida, the property is classified within the senior housing and retirement homes category. The available details establish the building size, construction year, address, and zoning designation.
Located at 2102 Ladner Road NE in Palm Bay, Florida, the property is classified within the senior housing and retirement homes category. The available details establish the building size, construction year, address, and zoning designation.
Key Highlights
- 5,028 SF property
- Constructed in 1999
- RS‑2 zoning
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
$58,337
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
3.33%
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%
$1,166,740
$1.2M
Cap Rate 7%
$833,386
$833.4K
Cap Rate 9%
$648,189
$648.2K
Market Conditions
NOI Build-Up for 5,028 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
$102.6K $20.40/SF
− Vacancy
−$9.2K −$1.84/SF
EGI
$93.3K $18.56/SF
− OpEx
−$35.0K −$6.96/SF
NOI
$58.3K $11.60/SF
Area
Palm Bay, FL
Vacancy
9.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
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%
$1,166,740
Cap Rate 7%
$833,386
Cap Rate 9%
$648,189
Alternative Uses
Best Use
Mixed Use
$833.4K
$729.2K – $972.3K
NOI $58,337 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$748.6K
$655.1K – $873.4K
NOI $52,405 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,857 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32907, FL
44,432
Population
17,761
Households
2.5
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
17.7 sq mi
ZIP Area
2,510
Density / Sq Mi
$71,827
Median Household Income
$36,498
Median Earnings
$1,693
Median Rent
$253,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - RS-2 zoning and 1999 construction support the property’s residential profile.
Where is this senior housing / retirement home located?
The property is located at 2102 LADNER RD NE Palm Bay, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5,028 SF property; Constructed in 1999; RS‑2 zoning
