Freestanding Assisted Living
For Sale
$1,490,000
3621 Nw 90th Ter, Sunrise, FL 33351
One-story assisted living building zoned for 14 beds, with parking and a sizable dining area.
Property Size4,000 SF
Price / SF$372.50
Days on Market60
Property Features for 3621 Nw 90th Ter
General Information
Standard status
Active
Size
4,000 SF
Building Details
Stories
1
Listing Agency:
Capital Trust Realty Group
(954) 734-0040
Listed By:
Tatiana Nekoristov · License #3160670
(954) 734-0040
Source:
Exprealty
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 31 at 3:48PM
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 Capital Trust Realty Group
Investment Insights
Based on property information with market context.
This freestanding, one-story assisted living facility includes over 4,000 square feet of living area and is currently vacant. The building is set up with a large formal dining area, 9 bedrooms, and 8 bathrooms, along with an office for staff or administrative use. Additional on-site infrastructure includes a gas generator. The property is zoned for 14 beds.
The facility is presented as a free-standing building with parking, positioned for straightforward access for residents, visitors, and staff. It has been in business for over 10 years, which may be relevant for operators evaluating an established care setting.
For buyers or operators looking for a dedicated healthcare use, the existing layout—with multiple bedrooms and bathrooms plus a central dining area—supports assisted living operations. The zoning for 14 beds and the inclusion of an office and gas generator may help streamline planning for day-to-day staffing and continuity of service.
The facility is presented as a free-standing building with parking, positioned for straightforward access for residents, visitors, and staff. It has been in business for over 10 years, which may be relevant for operators evaluating an established care setting.
For buyers or operators looking for a dedicated healthcare use, the existing layout—with multiple bedrooms and bathrooms plus a central dining area—supports assisted living operations. The zoning for 14 beds and the inclusion of an office and gas generator may help streamline planning for day-to-day staffing and continuity of service.
Key Highlights
- One‑story assisted living facility building with parking
- Zoned for 14 beds
- Over 4,000 SF of living area
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
$61,517
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
4.13%
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%
$1,230,340
$1.2M
Cap Rate 7%
$878,814
$878.8K
Cap Rate 9%
$683,522
$683.5K
Market Conditions
NOI Build-Up for 4,000 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
$117.1K $29.28/SF
− Vacancy
−$5.3K −$1.32/SF
EGI
$111.8K $27.96/SF
− OpEx
−$50.3K −$12.58/SF
NOI
$61.5K $15.38/SF
Area
Broward County, FL
Vacancy
4.50%
Lease Rate
$29.28 /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%
$1,230,340
Cap Rate 7%
$878,814
Cap Rate 9%
$683,522
Alternative Uses
Best Use
Apartment 5plus
$878.8K
$769.0K – $1.03M
NOI $61,517 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,056 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33351, FL
36,913
Population
13,843
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
6,711
Density / Sq Mi
$68,996
Median Household Income
$40,013
Median Earnings
$1,881
Median Rent
$352,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Royal Living At Sunrise, Inc. — 3181 NW 94th Way, Sunrise, FL 33351
- Westchester of Sunrise — 9701 W Oakland Park Blvd, Sunrise, FL 33351
- Premier Senior Living at Sunrise — 3181 NW 94th Way, Sunrise, FL 33351
- The palms ALF — 8487 NW 34th Manor, Sunrise, FL 33351
- Health Trust America — 3799 NW 88th Ave, Sunrise, FL 33351
Frequently Asked Questions
What type of property is this?
Assisted living facility - One-story assisted living building zoned for 14 beds, with parking and a sizable dining area.
Where is this assisted living facility located?
The property is located at 3621 Nw 90th Ter Sunrise, FL.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: One‑story assisted living facility building with parking; Zoned for 14 beds; Over 4,000 SF of living area
