Assisted Living Facility For
7435 Plathe Rd, New Port Richey, FL 34653
For Sale
Contact for pricing
76-Bed Licensed Assisted Living Facility with Memory Care.
Property Size22,049 SF
Price / SF$285.73
Days on Market242
Property Features for 7435 Plathe Rd
General Information
Standard status
Size
Class
Property subtype
Occupancy
Net Operating Income
Building Details
Units
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
John DeMarco · License FL BK3134747
(954) 453-1000
Source:
Crexi
Added: Mar 16
Changed: Nov 11
Last Checked: Nov 10 at 6:10AM
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 RE/MAX 5 Star Realty
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Investment Insights
Based on property information with market context.
This commercial real estate offering is a 76-bed licensed assisted living facility with memory care. The property encompasses a total area of 22,049 square feet. It is located in New Port Richey, Florida.
Key Highlights
- 76‑Bed Licensed Assisted Living Facility
- Includes Memory Care
- High occupancy rates or potential for increased occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$263,837
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,276,740
$5.3M
Cap Rate 7%
$3,769,100
$3.8M
Cap Rate 9%
$2,931,522
$2.9M
Market Conditions
NOI Build-Up for 22,049 SF
Gross rent
$531.8K $24.12/SF
− Vacancy
−$52.1K −$2.36/SF
EGI
$479.7K $21.76/SF
− OpEx
−$215.9K −$9.79/SF
NOI
$263.8K $11.97/SF
Area
Pasco County, FL
Vacancy
9.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,276,740
Cap Rate 7%
$3,769,100
Cap Rate 9%
$2,931,522
Alternative Uses
Best Use
Apartment 5plus
$3.77M
$3.30M – $4.40M
NOI $263,837 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.88M
$6.02M – $8.02M
NOI $481,351 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 34653, FL
33,381
Population
17,752
Households
1.9
Avg Household Size
49
Median Age
18%
College-Educated
90%
High-School Grad
10.9 sq mi
ZIP Area
3,062
Density / Sq Mi
$47,660
Median Household Income
$35,327
Median Earnings
$1,222
Median Rent
$180,900
Median Home Value
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Similar Off Market Nearby
- Ridge Haven Health and Rehabilitation — 4927 Voorhees Rd, New Port Richey, FL 34653
- Caring Village of Forest Glen — 7435 Plathe Rd, New Port Richey, FL 34653
- Assisted Living of Pasco Inc — 7435 Plathe Rd, New Port Richey, FL 34653
- Villa Rose Alf — 6753 Carpel Dr, New Port Richey, FL 34653
- Golden Sunset — 6753 Carpel Dr, New Port Richey, FL 34653
Frequently Asked Questions
What type of property is this?
Assisted living facility - 76-Bed Licensed Assisted Living Facility with Memory Care.
Where is this assisted living facility located?
The property is located at 7435 Plathe Rd New Port Richey, FL.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 76‑Bed Licensed Assisted Living Facility; Includes Memory Care; High occupancy rates or potential for increased occupancy
