111-Bed Assisted Living
6810 SW 7th Street, Margate, FL 33068
For Sale
$12,500,000
Licensed care facility with shared, private, and semi-private rooms and a commercial kitchen.
Property Size27,408 SF
Lot Size1.39 Acres
Price / SF$456.07
Days on Market38
Property Features for 6810 SW 7th Street
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Stoic Estates, LLC.
Listed By:
Jason Davis · License #3306876
(786) 528-8786
Source:
Dietzelber
Added: Oct 1
Changed: Nov 6
Last Checked: Nov 6 at 2:54PM
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 Stoic Estates, LLC.
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Investment Insights
Based on property information with market context.
Located in Margate, Florida, this assisted living facility is licensed for 111 beds and occupies a 1.3855-acre site. The building was constructed in 1972 and includes shared, private, and semi-private resident rooms, common areas, and a commercial-grade kitchen.
The property is near medical centers and community amenities. Its licensed capacity and range of room configurations are key features of the facility.
The property is near medical centers and community amenities. Its licensed capacity and range of room configurations are key features of the facility.
Key Highlights
- Licensed for 111 beds
- Situated on a 1.3855‑acre site in Margate, Florida
- Includes shared, private, and semi‑private resident rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$421,516
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,430,320
$8.4M
Cap Rate 7%
$6,021,657
$6.0M
Cap Rate 9%
$4,683,511
$4.7M
Market Conditions
NOI Build-Up for 27,408 SF
Gross rent
$802.5K $29.28/SF
− Vacancy
−$36.1K −$1.32/SF
EGI
$766.4K $27.96/SF
− OpEx
−$344.9K −$12.58/SF
NOI
$421.5K $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 Rate 5%
$8,430,320
Cap Rate 7%
$6,021,657
Cap Rate 9%
$4,683,511
Alternative Uses
Best Use
Apartment 5plus
$6.02M
$5.27M – $7.03M
NOI $421,516 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.91M
$12.17M – $16.22M
NOI $973,366 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 33068, FL
53,137
Population
19,760
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
83%
High-School Grad
6.4 sq mi
ZIP Area
8,303
Density / Sq Mi
$63,688
Median Household Income
$33,524
Median Earnings
$1,893
Median Rent
$288,600
Median Home Value
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Similar Off Market Nearby
- Broadview Boarding Home — 6200 SW 17th St, Pompano Beach, FL 33068
- I & G Assisted Living Facility — 6560 harbour rd, north lauderdale, fl 33068
- Forest Spring Retire Residence — 7512 sw 5th st, north lauderdale, fl 33068
- Caring Village of Margate — 6810 SW 7th St, Margate, FL 33068
- Love And Affectionate Alf, Inc. — 311 sw 77th terrace, north lauderdale, fl 33068
Frequently Asked Questions
What type of property is this?
Assisted living facility - Licensed care facility with shared, private, and semi-private rooms and a commercial kitchen.
Where is this assisted living facility located?
The property is located at 6810 SW 7th Street Margate, FL.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Licensed for 111 beds; Situated on a 1.3855‑acre site in Margate, Florida; Includes shared, private, and semi‑private resident rooms
