Renovated Assisted Living
For Sale
$499,000
78 S WINTER PARK DRIVE, Casselberry, FL 32707
Renovated assisted living home with an attached two-car garage and established tenant through December 2027.
Property Size2,811 SF
Lot Size0.36 Acres
Price / SF$177.52
Days on Market80
Property Features for 78 S WINTER PARK DRIVE
General Information
Standard status
Active
Size
2,811 SF
Lot size
0.36 Acres
Property subtype
General Commercial
Amenities
stainless steel appliances
cozy fireplace
large screened patio
Central Air, Window/Wall Unit
3
Golf Course.
Paved Driveway.
Golf Course, Oversized Lot, City Road, Paved Road.
Building Details
Year Built
1955
Buildings
1
Tenancy
Single
Listing Agency:
CREEGAN GROUP
(407) 622-1111
Listed By:
Chris Creegan · License #3168853
Source:
Xome
Added: May 13
Changed: Jul 30
Last Checked: Jul 30 at 3:02AM
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 beautifully renovated assisted living facility is currently operating as a licensed assisted living home. The property is furnished and configured as a 4-bedroom, 3-bath layout with a bright, open design and a split-bedroom floor plan for comfort and privacy. Recent improvements include updated electrical wiring, new plumbing, and a newer roof on the west side of the home. The updated kitchen features stainless steel appliances, abundant cabinetry, pantry storage, and expansive granite countertop space. Interior finishes include laminate flooring throughout, updated fixtures, spacious living and dining areas, and a cozy fireplace in the main family room, along with an en-suite primary bathroom with granite vanity countertops and a double closer.
The home sits on an oversized 0.36-acre lot within a golf community in Casselberry, with a golf-course setting. Outdoors include an attached 2-car garage, a massive circular driveway with ample parking, and a large screened patio and expansive backyard. The property totals 2,811 SF and was built in 1955, with central air plus window/wall unit cooling noted. A tenant is secured through December 2027.
The home sits on an oversized 0.36-acre lot within a golf community in Casselberry, with a golf-course setting. Outdoors include an attached 2-car garage, a massive circular driveway with ample parking, and a large screened patio and expansive backyard. The property totals 2,811 SF and was built in 1955, with central air plus window/wall unit cooling noted. A tenant is secured through December 2027.
Key Highlights
- Tenant secured through December 2027
- 0.36‑acre oversized lot in a golf community setting
- 2,811 SF assisted living facility built in 1955
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.1k | $23.88 |
| − Vacancy | −$4.4k | −$1.55 |
| EGI | $62.8k | $22.33 |
| − OpEx | −$28.2k | −$10.05 |
| NOI | $34.5k | $12.28 |
2,811 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$493.1K
$431.5K – $575.3K
NOI $34,520 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.9K
$699.9K – $933.3K
NOI $55,995 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
953
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 assisted living home with an attached two-car garage and established tenant through December 2027.
Where is this assisted living facility located?
The property is located at 78 S WINTER PARK DRIVE Casselberry, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Tenant secured through December 2027; 0.36‑acre oversized lot in a golf community setting; 2,811 SF assisted living facility built in 1955
