Spacious Assisted Living Facility
For Sale
Contact for pricing
3211 Calle Largo Dr, Hollywood, FL 33021
Large home suitable for assisted living or group home.
Property Size3,599 SF
Lot Size0.30 Acres
Price / SF$305.64
Days on Market174
Property Features for 3211 Calle Largo Dr
General Information
Standard status
Active
Size
3,599 SF
Total Parking Spaces
6
Lot size
0.30 Acres
Property subtype
Multifamily, Hospitality
Zoning
RS-3
Building Details
Year Built
1982
Listing Agency:
Real Broker LLC
(305) 491-6714
Listed By:
Adrienne Malics · License #3057596
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Aug 8 at 2:53PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This property presents an opportunity for establishing an Assisted Living Facility (ALF) or group home, featuring a living space of over 3,500 square feet. The home includes 6 bedrooms and 4 bathrooms, multiple entrances, and large common areas. It also has a new roof and impact windows. There is space allocated for an office, staff quarters, and a storage area. The property is situated on an oversized lot exceeding 13,000 square feet, allowing for potential future building expansion to add extra bedrooms and bathrooms. Parking is available for 6 or more cars. The property is located near hospitals and shopping, within a mile of I95, and is centrally located. City regulations permit the establishment of an Assisted Living Facility or Group Home in this area. The property is one of the largest homes in the area.
Key Highlights
- Ideal for Assisted Living Facility (ALF) or Group Home: City regulations allow for this use, making licensing easier.
- Large Living Space:** 3,500+ sq ft provides ample room for residents and staff.
- Expansion Potential:** Oversized 13,000+ sq ft lot allows for future building expansion.
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
$59,988
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
5.45%
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%
$1,199,760
$1.2M
Cap Rate 7%
$856,971
$857.0K
Cap Rate 9%
$666,533
$666.5K
Market Conditions
NOI Build-Up for 3,599 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
$114.4K $31.80/SF
− Vacancy
−$5.4K −$1.49/SF
EGI
$109.1K $30.31/SF
− OpEx
−$49.1K −$13.64/SF
NOI
$60.0K $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%
$1,199,760
Cap Rate 7%
$856,971
Cap Rate 9%
$666,533
Alternative Uses
Best Use
Apartment 5plus
$857.0K
$749.9K – $999.8K
NOI $59,988 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,555 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,067
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33021, FL
50,091
Population
21,930
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
5,692
Density / Sq Mi
$69,249
Median Household Income
$41,390
Median Earnings
$1,707
Median Rent
$395,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Large home suitable for assisted living or group home.
Where is this assisted living facility located?
The property is located at 3211 Calle Largo Dr Hollywood, FL.
What is the asking price?
The asking price for this property is $1,099,995.
What are key features of this property?
This property features: Ideal for Assisted Living Facility (ALF) or Group Home: City regulations allow for this use, making licensing easier.; Large Living Space:** 3,500+ sq ft provides ample room for residents and staff.; Expansion Potential:** Oversized 13,000+ sq ft lot allows for future building expansion.
