Current Use by Public Records
- Retirement homes
Property Details for 0 Withheld By Owner
- Year built
- 2016
- Property type
- Retirement homes
- Property subtype
- Assisted living facilities
Description
This exceptional Class A, 11,216-square-foot memory care facility in Orlando, Florida, presents a compelling investment opportunity. Built in 2016, this single-story building boasts 30 beds and features spacious private suites, each with a full bathroom. The open design is ideal for memory care, with large common areas and a secure outdoor space including walking trails and a covered patio. Additional amenities include a commercial kitchen, large dining area, three offices, and a full sprinkler and fire alarm system, along with a backup generator. The property offers a strong pro-forma NOI of $556,716 and a pro-forma cap rate of 15.91%, with an asking price of $3,500,000 ($312.05/SF and $116,666.67/bed). The facility is situated in Orange County, zip code 32801. Potential exists for increasing licensed bed capacity by up to 10 additional beds. All information provided is based on pro-forma data and should be independently verified by the buyer's financial advisor. Prior to closing, the buyer is responsible for verifying all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, capacity increase, number of licensed beds, proformas, FF&E valuation, and all other factors relevant to their intended use.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.3759
- Latitude
- 28.5413
