Singer Island Investment
1200 Surf Road Singer Island, FL 33404
1200 Surf Road, Singer Island, FL, 33404
Contact for pricing
For Sale
Contact for pricing
Large complex near beaches, currently operating as a sober home.
Property Size5,931 SF
Price / SF$455.24
Days on Market823
Property Features for 1200 Surf Road
General Information
- Standard status
- Active
- Size
- 5,931 SF
- Property subtype
- Business for Sale, Special Purpose
Building Details
- Year Built
- 1953
Listing Agency
FPB Investment Properties, Inc
(561) 566-6651
Listed by
Roman Fischer · License #FL 3284948
Source
Crexi
Added: Apr 17, 2024 Checked: Jul 17 at 1:47 pm
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 FPB Investment Properties, Inc
Investment Insights
Based on property information with market context.
This large complex presents an investment opportunity with a tenant already in place. The facility is currently rented and operated as a sober home. The property, totaling 5931 square feet, features 12 bedrooms, 6 bathrooms, offices, and a commercial kitchen. It is situated in a picturesque setting within walking distance of the beaches on Singer Island. The property's zoning allows for hotel or multifamily development.
Key Highlights
- Large complex with existing tenant, providing immediate income.
- Hotel/Multifamily Zoning allows for development opportunities.
- Located within walking distance to Singer Island beaches.
Local Financial Insights For Healthcare Medical
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 | $149.5k | $25.20 |
| − Vacancy | −$11.2k | −$1.89 |
| EGI | $138.3k | $23.31 |
| − OpEx | −$55.3k | −$9.32 |
| NOI | $83.0k | $13.99 |
5,931 SF · lease $25.20/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.19M
$1.04M – $1.38M
NOI $82,951 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.18M
$3.65M – $4.87M
NOI $292,386 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New Day A
Social Service Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Healthcare property - Large complex near beaches, currently operating as a sober home.
Where is this healthcare property located?
The property is located at 1200 Surf Road Singer Island, FL.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Large complex with existing tenant, providing immediate income.; Hotel/Multifamily Zoning allows for development opportunities.; Located within walking distance to Singer Island beaches.
