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    4614 7Th Pl Cape Coral, FL 33914

    Sponsored
    For Sale
    $3,100,000

    12-Bed ALF, Expansion Approved

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This fully operational 12-bed assisted living facility in Cape Coral, Florida, presents a unique investment opportunity. Located at 4614 SW 7th Pl, 33914, the property sits on a 1.2-acre lot and encompasses 3,705 square feet. The existing facility is currently licensed for 12 beds and offers both private and semi-private rooms, with existing staff and services in place. A significant advantage is the approved permit for a substantial expansion, adding up to an additional 60 beds. Detailed plans are ready for immediate development on an adjacent lot, with the potential to construct a new 42-bed facility, projected for completion in the first quarter of 2025. This expansion will create up to 10 new jobs. The existing building is Class B and the property boasts a 15.10% cap rate, making it an attractive investment for both owner-users and investors. The current asking price is $3,100,000. This presents a rare opportunity in a market with limited inventory. The property's thoughtful design includes accessible community spaces for resident gatherings and activities. Please note that disturbing the existing business is discouraged.

    Property Features for 4614 7Th Pl

    General Information

    Property type
    Retirement homes
    Class
    B

    HighLights

    • 12‑bed licensed assisted living facility.
    • Approved permit for a 60‑bed expansion or alternative use.
    • Approved plans; ready for construction.
    • Ideal investment or owner‑operator opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9899091
    Latitude
    26.5656445

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    FAQs

    What type of property is this?
    Retirement home - 12-Bed ALF, Expansion Approved
    Where is this retirement home located?
    The property is located at 4614 7Th Pl Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: 12-bed licensed assisted living facility.; Approved permit for a 60-bed expansion or alternative use.; Approved plans; ready for construction.
    (954) 453-1000
    Request Owner's contact information
    4614 7Th Pl Cape Coral, FL 33914
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4614 7Th Pl Cape Coral, FL 33914
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