Assisted Living Facility with Transferable
9760 Memorial Road, Cutler Bay, FL 33157
For Sale
New
$1,000,000
Six beds are fully occupied, with resident agreements continuing after the sale.
Property Size1,651 SF
Lot Size0.20 Acres
Price / SF$605.69
Days on Market4
Property Features for 9760 Memorial Road
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Business Included
Amenities
impact-resistant windows
backup generator
Building Details
Year Built
Buildings
Listing Agency:
Canvas Real Estate
(954) 332-7121
Listed By:
Heriberto Jose Rios · License #3304847
(954) 646-3222
Source:
Lehmannflorida
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 6:18PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-bedroom, two-bathroom assisted living residence has operated continuously since 2019 and accommodates six beds. The facility is fully occupied, and its current license is transferable. Resident agreements are also expected to continue after closing. Improvements include impact-resistant windows, a replacement roof, and a backup generator.
Built in 1958, the property sits on an 8,525-square-foot lot in Cutler Bay. The established operation includes a care team and additional resident services.
Built in 1958, the property sits on an 8,525-square-foot lot in Cutler Bay. The established operation includes a care team and additional resident services.
Key Highlights
- Six beds, all occupied
- Current assisted living license can transfer to the new owner
- Operating continuously since 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,434
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,680
$608.7K
Cap Rate 7%
$434,771
$434.8K
Cap Rate 9%
$338,156
$338.2K
Market Conditions
NOI Build-Up for 1,651 SF
Gross rent
$58.2K $35.28/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$55.3K $33.52/SF
− OpEx
−$24.9K −$15.08/SF
NOI
$30.4K $18.43/SF
Area
ZIP 33157
Vacancy
5.00%
Lease Rate
$35.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,680
Cap Rate 7%
$434,771
Cap Rate 9%
$338,156
Alternative Uses
Best Use
Apartment 5plus
$434.8K
$380.4K – $507.2K
NOI $30,434 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$837.6K
$732.9K – $977.2K
NOI $58,634 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33157, FL
68,069
Population
23,176
Households
2.9
Avg Household Size
42
Median Age
33%
College-Educated
86%
High-School Grad
14.9 sq mi
ZIP Area
4,568
Density / Sq Mi
$80,364
Median Household Income
$38,803
Median Earnings
$1,493
Median Rent
$478,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Similar Off Market Nearby
- Harmony Family Home Care — 9245 SW 208th Terrace, Cutler Bay, FL 33189
- Haven Retirement Home — 10601 Caribbean Blvd, Cutler Bay, FL 33189
- Senior Living Cutler Bay, FL — 103.60 SW 186th St #973079, Miami, FL 33197
- Bel Aire Retirement Home — 9955 SW 196th St, Cutler Bay, FL 33157
- House of Diamond Recovery Home & Medical Wellness Spa LLC — 19101 S Dixie Hwy, Cutler Bay, FL 33157
Frequently Asked Questions
What type of property is this?
Assisted living facility - Six beds are fully occupied, with resident agreements continuing after the sale.
Where is this assisted living facility located?
The property is located at 9760 Memorial Road 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: Six beds, all occupied; Current assisted living license can transfer to the new owner; Operating continuously since 2019
