Operational Assisted Living
For Sale
$900,000
Pending
900 N 24th Avenue, Hollywood, FL 33020
Fully licensed, operational 8-bed assisted living property sold with the real estate, business, and inventory.
Property Size1,807 SF
Days on Market55
Property Features for 900 N 24th Avenue
General Information
Standard status
Pending
Size
1,807 SF
Zoning
RM-9
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,179
Building Details
Building Size
1,807 SF
Year Built
1963
Stories
1
Listing Agency:
441 Realty LLC
(561) 706-2222
Listed By:
Itamar Ben-Avi · License #R11073888
(561) 706-2222
Source:
Laerrealty
Added: Jul 7
Changed: Aug 8
Last Checked: Jul 23 at 3:27AM
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 441 Realty LLC
Investment Insights
Based on property information with market context.
This fully licensed and operational assisted living facility is configured as an 8-bed care home. The sale includes the real estate along with the business and inventory, and the property is described as fully equipped for a seamless transition with the necessary infrastructure and furnishings in place.
The facility is positioned in Hollywood, Florida, and is described as being located near hospitals and medical centers. That proximity is offered as part of the property’s underlying support for senior care demand.
For healthcare professionals or investors seeking an existing, permitted assisted living operation, this offering provides a complete package that includes the property, the ongoing business, and inventory. Prospective buyers can view the facility in person to assess the layout and readiness for continued senior care services as an established 8-bed operation.
The facility is positioned in Hollywood, Florida, and is described as being located near hospitals and medical centers. That proximity is offered as part of the property’s underlying support for senior care demand.
For healthcare professionals or investors seeking an existing, permitted assisted living operation, this offering provides a complete package that includes the property, the ongoing business, and inventory. Prospective buyers can view the facility in person to assess the layout and readiness for continued senior care services as an established 8-bed operation.
Key Highlights
- Fully licensed and operational 8‑bed assisted living facility
- Sale includes the real estate, business, and inventory
- Year built: 1963
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
$30,119
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
3.35%
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%
$602,380
$602.4K
Cap Rate 7%
$430,271
$430.3K
Cap Rate 9%
$334,656
$334.7K
Market Conditions
NOI Build-Up for 1,807 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
$57.5K $31.80/SF
− Vacancy
−$2.7K −$1.49/SF
EGI
$54.8K $30.31/SF
− OpEx
−$24.6K −$13.64/SF
NOI
$30.1K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /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%
$602,380
Cap Rate 7%
$430,271
Cap Rate 9%
$334,656
Alternative Uses
Best Use
Apartment 5plus
$430.3K
$376.5K – $502.0K
NOI $30,119 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.9K
$618.5K – $824.7K
NOI $49,483 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,145
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Assisted living facility - Fully licensed, operational 8-bed assisted living property sold with the real estate, business, and inventory.
Where is this assisted living facility located?
The property is located at 900 N 24th Avenue Hollywood, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Fully licensed and operational 8‑bed assisted living facility; Sale includes the real estate, business, and inventory; Year built: 1963
