Furnished Assisted Living
New
For Sale
$475,000
78 S WINTER PARK, Casselberry, FL 32707
Renovated, furnished residence with flexible care-use potential, screened outdoor space, and extensive driveway parking.
Property Size2,166 SF
Lot Size0.36 Acres
Days on Market2
Property Features for 78 S WINTER PARK
General Information
Standard status
Active
Size
2,166 SF
Lot size
0.36 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,029
Amenities
fireplace
screened patio
Building Details
Building Size
2,166 SF
Year Built
1955
Buildings
1
Listing Agency:
CREEGAN GROUP
(407) 622-1111
Listed By:
Chris Creegan · License #3168853
(407) 622-1111
Source:
Elliman
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 6:49AM
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 CREEGAN GROUP
Investment Insights
Based on property information with market context.
This renovated and furnished property combines a four-bedroom, three-bath layout with a split-bedroom design that supports separation and privacy. The open interior includes updated fixtures, spacious living and dining areas, a family-room fireplace, and a kitchen equipped with stainless steel appliances, substantial cabinetry, pantry storage, and granite work surfaces. The primary suite has a private en-suite bath with granite counters and a double closet.
Set on a 0.36-acre lot in a Casselberry golf community, the property features a circular driveway, screened patio, and backyard. Its configuration can support assisted living, group home, or residential care use, while the source information also identifies conversion back to a single-family residence with simple modifications. Shopping, dining, parks, AdventHealth ER, and Oviedo Medical Center are nearby. The property was built in 1955.
Set on a 0.36-acre lot in a Casselberry golf community, the property features a circular driveway, screened patio, and backyard. Its configuration can support assisted living, group home, or residential care use, while the source information also identifies conversion back to a single-family residence with simple modifications. Shopping, dining, parks, AdventHealth ER, and Oviedo Medical Center are nearby. The property was built in 1955.
Key Highlights
- Four‑bedroom, three‑bath split‑bedroom layout
- 0.36‑acre lot in a Casselberry golf community
- Renovated and fully furnished interior
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
$26,599
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
5.60%
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%
$531,980
$532.0K
Cap Rate 7%
$379,986
$380.0K
Cap Rate 9%
$295,544
$295.5K
Market Conditions
NOI Build-Up for 2,166 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
$51.7K $23.88/SF
− Vacancy
−$3.4K −$1.55/SF
EGI
$48.4K $22.33/SF
− OpEx
−$21.8K −$10.05/SF
NOI
$26.6K $12.28/SF
Area
Seminole County, FL
Vacancy
6.50%
Lease Rate
$23.88 /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%
$531,980
Cap Rate 7%
$379,986
Cap Rate 9%
$295,544
Alternative Uses
Best Use
Apartment 5plus
$380.0K
$332.5K – $443.3K
NOI $26,599 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$616.4K
$539.3K – $719.1K
NOI $43,147 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32707, FL
37,704
Population
17,499
Households
2.2
Avg Household Size
40
Median Age
36%
College-Educated
92%
High-School Grad
9.6 sq mi
ZIP Area
3,928
Density / Sq Mi
$66,780
Median Household Income
$40,280
Median Earnings
$1,573
Median Rent
$305,000
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Bena Assisted Living Facility — 78 S Winter Park Dr, Casselberry, FL 32707
- Central Florida Group Home — 511 S Winter Park Dr, Casselberry, FL 32707
- Garden Spring Manor — 1420 Guinevere Dr, Casselberry, FL 32707
Frequently Asked Questions
What type of property is this?
Assisted living facility - Renovated, furnished residence with flexible care-use potential, screened outdoor space, and extensive driveway parking.
Where is this assisted living facility located?
The property is located at 78 S WINTER PARK Casselberry, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑bedroom, three‑bath split‑bedroom layout; 0.36‑acre lot in a Casselberry golf community; Renovated and fully furnished interior
