Assisted Living
For Sale
$1,000,000
7151 42nd St, Miami, FL 33155
Licensed assisted living facility for 6 residents with impact-resistant windows, a 2025 roof, and a backup generator.
Property Size1,833 SF
Price / SF$545.55
Days on Market36
Property Features for 7151 42nd St
General Information
Standard status
Active
Size
1,833 SF
Property subtype
General Commercial
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Amenities
3
Building Details
Year Built
1951
Listing Agency:
(954) 646-3222
Listed By:
Canvas Real Estate
(954) 646-3222
Source:
Xome
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 11 at 4:41AM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
This fully operational assisted living facility is licensed for 6 residents and is currently operating at full occupancy. The property includes 5 bedrooms and 3 bathrooms, along with impact-resistant windows. Recent improvements include a brand-new roof installed in 2025, and the facility is equipped with a backup generator.
The property is located just off Bird Road (SW 40th Street) in a centrally located Miami area, with convenient access to major transportation corridors including Palmetto Expressway (SR-826) and Dolphin Expressway (SR-836).
The facility has been operating under its present ownership since 2022, with continuous family-operated assisted living activity since 2009.
The property is located just off Bird Road (SW 40th Street) in a centrally located Miami area, with convenient access to major transportation corridors including Palmetto Expressway (SR-826) and Dolphin Expressway (SR-836).
The facility has been operating under its present ownership since 2022, with continuous family-operated assisted living activity since 2009.
Key Highlights
- Licensed assisted living facility for 6 residents, currently operating at full occupancy
- Impact‑resistant windows plus 5 bedrooms and 3 bathrooms
- Brand‑new roof installed in 2025
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
$33,862
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
3.39%
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%
$677,240
$677.2K
Cap Rate 7%
$483,743
$483.7K
Cap Rate 9%
$376,244
$376.2K
Market Conditions
NOI Build-Up for 1,833 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
$66.0K $36.00/SF
− Vacancy
−$4.4K −$2.41/SF
EGI
$61.6K $33.59/SF
− OpEx
−$27.7K −$15.11/SF
NOI
$33.9K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /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%
$677,240
Cap Rate 7%
$483,743
Cap Rate 9%
$376,244
Alternative Uses
Best Use
Apartment 5plus
$483.7K
$423.3K – $564.4K
NOI $33,862 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,610 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,985
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33155, FL
43,695
Population
16,046
Households
2.7
Avg Household Size
45
Median Age
37%
College-Educated
85%
High-School Grad
7.4 sq mi
ZIP Area
5,905
Density / Sq Mi
$79,271
Median Household Income
$41,919
Median Earnings
$1,871
Median Rent
$505,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Licensed assisted living facility for 6 residents with impact-resistant windows, a 2025 roof, and a backup generator.
Where is this assisted living facility located?
The property is located at 7151 42nd St Miami, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Licensed assisted living facility for 6 residents, currently operating at full occupancy; Impact‑resistant windows plus 5 bedrooms and 3 bathrooms; Brand‑new roof installed in 2025
