Assisted Living Facility with Canal
For Sale
$899,999
Pending
7100 NW 1st Ter, Miami, FL 33126
MULTI_FAMILY - Miami, FL
Property Size3,531 SF
Days on Market31
Property Features for 7100 NW 1st Ter
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
5700
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 8, Bathroom 3, Bedroom 4, Bedroom 7, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 1
Parking
10
Subdivision
LANGER SUB
Lot features
1/4 to 1/2 Acre Lot
Directions
72 AVENUE TO NW 1 TERRACE GO EAST TO THE CORNER
Standard status
Pending
APN
30-40-02-006-0080
Size
3,531 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LANGER SUB PB 59-36 LOT 8 PR ADD 7100-7102 NW 1 TERR LOT SIZE IRREGULAR OR 16121-1542 1093 4 COC 24412-2867 03 2006 5
Tax Annual Amount
13224
Legal Description
LANGER SUB PB 59-36 LOT 8 PR ADD 7100-7102 NW 1 TERR LOT SIZE IRREGULAR OR 16121-1542 1093 4 COC 24412-2867 03 2006 5
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Water front features
Creek, Canal Access
Water front
1
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
Douglas Elliman
(305) 695-6060
Listed By:
Miguel Solis · License #0624178
(305) 343-9554
Added: Jul 18
Changed: Aug 16
Last Checked: Aug 17 at 2:06AM
MLS# A12020549
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This assisted living facility operates as an ALF and is described as currently licensed and operating with AHCA-compliant bathrooms. The property is leased for the next two years with a renewable option available. The home includes more than 3,500 SF of living space with 8 bedrooms and 4 bathrooms, plus a large kitchen, expansive living areas, and a dedicated recreation space for residents. Updates include updated fire safety systems, and licenses are stated to be up to code. Washer and dryer units are also leased.
Set on a 10,000+ SF corner lot with canal frontage, the property is described as having canal access and a creek connection. Construction is block, with a shingle roof, tile - ceramic flooring, and central cooling/heating using electric systems. Water is provided by public supply, with a septic tank for sewer, and cable is available. The property has a RETIREMENT HOME / HEALTH CARE land use designation.
A notable operational feature is the privacy described as having no neighbors on three sides, supporting a quiet environment for residents and operators.
Set on a 10,000+ SF corner lot with canal frontage, the property is described as having canal access and a creek connection. Construction is block, with a shingle roof, tile - ceramic flooring, and central cooling/heating using electric systems. Water is provided by public supply, with a septic tank for sewer, and cable is available. The property has a RETIREMENT HOME / HEALTH CARE land use designation.
A notable operational feature is the privacy described as having no neighbors on three sides, supporting a quiet environment for residents and operators.
Key Highlights
- 10,000+ SF corner lot with canal frontage and creek access
- More than 3,500 SF living space with 8 bedrooms and 4 bathrooms
- Operates as an assisted living facility with next two years remaining on the lease
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
$70,816
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
7.87%
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%
$1,416,320
$1.4M
Cap Rate 7%
$1,011,657
$1.0M
Cap Rate 9%
$786,844
$786.8K
Market Conditions
NOI Build-Up for 3,531 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
$108.0K $30.60/SF
− Vacancy
−$6.9K −$1.95/SF
EGI
$101.2K $28.65/SF
− OpEx
−$30.3K −$8.60/SF
NOI
$70.8K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,416,320
Cap Rate 7%
$1,011,657
Cap Rate 9%
$786,844
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$885.2K – $1.18M
NOI $70,816 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$931.9K
$815.4K – $1.09M
NOI $65,230 @ 7.0% cap · market cap 7.25%
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,841 @ 7.0% cap · market cap 18.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Coral Gables Nursing and Rehabilitation — 7060 SW 8th St, Miami, FL 33144
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- Paradise Retirement Club Inc — 21 SW 75th Ave, Miami, FL 33144
- Garcia Group Home — 33 NW 76th Ave, Miami, FL 33126
- Ovany's Home Care Corp — 526 SW 66th Ave, Miami, FL 33144
Frequently Asked Questions
What type of property is this?
Assisted living facility - Operating assisted living facility on a corner lot with canal access and retirement home/health care land use designation.
Where is this assisted living facility located?
The property is located at 7100 NW 1st Ter Miami, FL.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 10,000+ SF corner lot with canal frontage and creek access; More than 3,500 SF living space with 8 bedrooms and 4 bathrooms; Operates as an assisted living facility with next two years remaining on the lease
