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Cutler Bay Assisted Living Facility

9760 Memorial Rd Cutler Bay, FL 33157

9760 Memorial Rd, Cutler Bay, FL, 33157

$1,000,000

For Sale

$1,000,000

Turnkey, fully operational assisted living facility with transferable license.

Property Size1,647 SF

Lot Size0.20 Acres

Price / SF$607.16

AddedMay 16

Days on Market62

Last RefreshJul 15 at 9:29 pm

Property Features for 9760 Memorial Rd

General Information

Standard status: Active
Size: 1,647 SF
Lot size: 0.20 Acres
Property subtype: Commercial

Building Details

Year Built: 1958

Listing office Canvas Real Estate

Listing date May 16, 2026

Source Elliman

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 Canvas Real Estate

Investment Insights

Based on property information with market context.

This is a fully operational assisted living facility in Cutler Bay that has been in continuous operation since 2019. The property features a current and transferable license and full occupancy across its 6 beds. The residence offers 1,647 sq. ft. of living area on an 8,525 sq. ft. lot. It is delivered in excellent condition, ensuring operational continuity. Recent upgrades include impact-resistant windows, a new roof, and a backup generator. Located in a residential area of Cutler Bay, the facility provides a professional environment supported by a qualified care team. Existing resident contracts will remain in place after closing, ensuring stable cash flow for the new owner. Additional resident services enhance the facility's competitive edge and generate supplementary revenue streams. The property is ideal for investors or operators looking to add a stable, profitable business to their portfolio within South Florida's senior care sector. The location has a bike score of 52, indicating it is bikeable, a walk score of 42, indicating it is car-dependent, and a transit score of 36, indicating some transit options are available.

Key Highlights

Fully operational Assisted Living Facility (ALF) with transferable license and continuous operation since 2019.
Full occupancy across 6 beds with existing resident contracts ensuring immediate cash flow.
Recent upgrades including impact‑resistant windows, new roof, and backup generator.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.1k	$35.28
− Vacancy	−$2.9k	−$1.76
EGI	$55.2k	$33.52
− OpEx	−$24.8k	−$15.08
NOI	$30.4k	$18.43

1,647 SF · lease $35.28/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$433.7K

$379.5K – $506.0K (±1% cap)

NOI $30,360 @ 7.0% cap · market cap 3.04%

Second Best

—

no second resolved use

Theoretical Best

Office A

$835.6K

$731.1K – $974.9K (±1% cap)

NOI $58,491 @ 7.0% cap · market cap 5.85%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Assisted living facilities

Suggested Use

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For sale
Assisted living facilities
FL
Cutler Bay
33157
9760 Memorial Rd

What type of property is this?

Assisted living facility - Turnkey, fully operational assisted living facility with transferable license.

Where is this assisted living facility located?

The property is located at 9760 Memorial Rd Cutler Bay, FL.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Fully operational Assisted Living Facility (ALF) with transferable license and continuous operation since 2019.; Full occupancy across 6 beds with existing resident contracts ensuring immediate cash flow.; Recent upgrades including impact‑resistant windows, new roof, and backup generator.