Operating Assisted Living
New
For Sale
$649,900
4536 W IDLEWILD, Tampa, FL 33614
Real estate and the operating care business are offered together with a swimming pool and new roof.
Property Size2,322 SF
Days on Market4
Property Features for 4536 W IDLEWILD
General Information
Standard status
Active
Size
2,322 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,722
Amenities
swimming pool
Building Details
Building Size
2,322 SF
Year Built
1962
Listing Agency:
MAHE REALTY LLC
(813) 451-8221
Listed By:
Daniel Echevarria · License #3167098
(813) 451-8221
Source:
Elliman
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 16 at 4:52AM
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 MAHE REALTY LLC
Investment Insights
Based on property information with market context.
Located at 4536 W Idlewild in Tampa, Florida, this assisted living property includes the real estate and the operating senior-care business. The facility was built in 1962 and provides a residential setting for its current residents and adult day-care clients. A swimming pool and new roof are among the identified property features.
Current operations include 6 full-time residents and 4 adult day-care clients. The combined offering provides an existing operating facility and business at one Tampa address. Additional financial and licensing information is available through the listing agent.
Current operations include 6 full-time residents and 4 adult day-care clients. The combined offering provides an existing operating facility and business at one Tampa address. Additional financial and licensing information is available through the listing agent.
Key Highlights
- Real estate and existing assisted living business offered together
- Operating with 6 full‑time residents
- Serves 4 adult day‑care clients
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
$21,356
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
3.29%
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%
$427,120
$427.1K
Cap Rate 7%
$305,086
$305.1K
Cap Rate 9%
$237,289
$237.3K
Market Conditions
NOI Build-Up for 2,322 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
$41.8K $18.00/SF
− Vacancy
−$3.0K −$1.28/SF
EGI
$38.8K $16.72/SF
− OpEx
−$17.5K −$7.52/SF
NOI
$21.4K $9.20/SF
Area
ZIP 33614
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 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%
$427,120
Cap Rate 7%
$305,086
Cap Rate 9%
$237,289
Alternative Uses
Best Use
Apartment 5plus
$305.1K
$267.0K – $355.9K
NOI $21,356 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$387.2K
$338.8K – $451.7K
NOI $27,103 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
842
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33614, FL
47,695
Population
19,660
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
4,917
Density / Sq Mi
$51,143
Median Household Income
$31,350
Median Earnings
$1,399
Median Rent
$295,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Real estate and the operating care business are offered together with a swimming pool and new roof.
Where is this assisted living facility located?
The property is located at 4536 W IDLEWILD Tampa, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Real estate and existing assisted living business offered together; Operating with 6 full‑time residents; Serves 4 adult day‑care clients
