Licensed Healthcare Facility with
For Sale
$9,990,000
7051 Seacrest Blvd, Lake Worth, FL 33462
Turnkey healthcare facility in Palm Beach County with expansion potential.
Property Size36,615 SF
Lot Size1.36 Acres
Price / SF$272.76
Days on Market152
Property Features for 7051 Seacrest Blvd
General Information
Standard status
Active
Size
36,615 SF
Lot size
1.36 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$101,280
Building Details
Building Size
36,615 SF
Year Built
1996
Stories
4
Units
99
Listing Agency:
(561) 541-7171
Listed By:
George Ryan · License #3284861
(561) 541-7171
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:40PM
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 George Ryan
Investment Insights
Based on property information with market context.
Located in Lantana, Florida, this fully licensed detox and residential treatment center presents a commercial real estate opportunity. The property is a 36,625 square-foot, 4-story building situated on a 1.34-acre lot. The facility features 100 rooms and is suitable for substance use disorder (SUD) treatment, mental health services, and behavioral health growth. It can also be adapted for other uses. The property is currently licensed for 14 detox beds and 44 residential beds. Zoning advancements have increased the total allowable bed count to over 180 beds. The campus is fully enclosed and includes 18 administrative offices, an executive suite, waiting rooms, common areas, bathrooms, utility/laundry rooms, a network room, storage, a backup generator, and an outdoor pool. There are exam rooms and 54 designated parking spaces, plus unlimited open parking. The property's zoning allows for potential conversion to an Assisted Living Facility (ALF), skilled nursing facility, or multi-family residential. The property is positioned for appreciation as bed capacity expands and uses evolve.
Key Highlights
- Approved zoning for 180+ beds, significantly increasing revenue potential.
- Fully licensed and turnkey 100‑room detox and residential treatment center, ready for immediate operation.
- Seller financing available, offering an attractive investment opportunity.
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
$563,268
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
5.64%
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%
$11,265,360
$11.3M
Cap Rate 7%
$8,046,686
$8.0M
Cap Rate 9%
$6,258,533
$6.3M
Market Conditions
NOI Build-Up for 36,625 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
$1.07M $29.28/SF
− Vacancy
−$48.3K −$1.32/SF
EGI
$1.02M $27.96/SF
− OpEx
−$460.9K −$12.58/SF
NOI
$563.3K $15.38/SF
Area
Palm Beach 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%
$11,265,360
Cap Rate 7%
$8,046,686
Cap Rate 9%
$6,258,533
Alternative Uses
Best Use
Apartment 5plus
$8.05M
$7.04M – $9.39M
NOI $563,268 @ 7.0% cap · market cap 5.64%
Second Best
Healthcare Medical
$6.89M
$6.03M – $8.04M
NOI $482,571 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$25.79M
$22.57M – $30.09M
NOI $1,805,536 @ 7.0% cap · market cap 18.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 33462, FL
33,982
Population
15,911
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
84%
High-School Grad
8.6 sq mi
ZIP Area
3,951
Density / Sq Mi
$72,288
Median Household Income
$38,193
Median Earnings
$1,659
Median Rent
$323,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Rehabilitation center - Turnkey healthcare facility in Palm Beach County with expansion potential.
Where is this rehabilitation center located?
The property is located at 7051 Seacrest Blvd Lake Worth, FL.
What is the asking price?
The asking price for this property is $9,990,000.
What are key features of this property?
This property features: Approved zoning for 180+ beds, significantly increasing revenue potential.; Fully licensed and turnkey 100‑room detox and residential treatment center, ready for immediate operation.; Seller financing available, offering an attractive investment opportunity.
