Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1234 Pasco County Holiday, FL 34690

    • Retirement homes
    • 7,200 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 1234 Pasco County

    Lot size
    0.50 lot acres
    Property size
    7,200 SF
    Property type
    Retirement homes
    Property subtype
    Assisted living facilities

    Description

    This exceptional assisted living facility (ALF) in Holiday, Florida, presents a compelling value-add investment opportunity. Boasting approximately 7,200 square feet on a half-acre lot in Pasco County, this single-story building features approximately 30 beds, multiple common areas including a living room, dining room, great room, TV room, library, beauty salon, pantry, and staff break room. The property includes ample parking, a welcoming front porch, and a relaxing courtyard. The facility is equipped with a full sprinkler system, fire alarm, and an automatic backup generator. Financials indicate a strong NOI of $128,000 and an 8.00% cap rate, with an asking price of $1,600,000. The property has been under the same ownership for over a decade, offering a stable operational history. Potential exists for expansion or conversion into a memory care facility. The buyer is responsible for verifying all aspects of the property, including but not limited to permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, and the exact number of licensed beds, prior to closing. Note that the provided NOI is based on a 2022 Statement of Direct Expenses (SDE) using add-backs

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Holiday
    County
    Pasco
    State
    Florida
    Longitude
    -82.7293
    Latitude
    28.1941

    Comparable in this City

    • Value Estimation by Request
      3,416 SF

      5423 Baumann Ln

      HOMES (RETIRED, NURSING) • 3,416 SF
      5423 Baumann Ln, Holiday, FL 34690-4156
      View Details
    • Value Estimation by Request
      2,980 SF

      4904 Moog Rd

      MEDICAL BUILDING • 2,980 SF
      4904 Moog Rd, Holiday, FL 34690-1857
      View Details
    • Value Estimation
      $530,000
      5,020 SF

      2014 Telogia Ct

      MEDICAL BUILDING • 5,020 SF
      2014 Telogia Ct, Holiday, FL 34690
      View Details
    • Value Estimation
      $535,000
      3,972 SF

      4642 Darlington Rd

      MEDICAL BUILDING • 3,972 SF
      4642 Darlington Rd, Holiday, FL 34690-3906
      View Details
    • Value Estimation by Request
      0.17 Acres

      Holiday, FL 34690

      VACANT COMMERCIAL LAND • 0.17 Acres
      Holiday, FL 34690
      View Details
    • Value Estimation by Request
      3,690 SF

      3238 Madison St

      DISTRIBUTION WAREHOUSE • 3,690 SF
      3238 Madison St, Holiday, FL 34690
      View Details

    Similar Nearby for Sale

    • $750,000

      Assembly Hall on 5.75 Acres

      Exceptional opportunity for assembly hall, church, school, or multifamily property.
      4807 Mile Stetch Dr, Holiday, FL 34690
      View Details
    • $2,700,000

      Commercial Land for Sale

      Commercial land available for sale.
      2119 Grand Blvd, Holiday, FL 34690
      View Details
    • $300,000
      0.21 Acres

      Waterfront Lot Ready to Build

      Rare waterfront lot with seawall, survey, and soil test.
      Flotilla Dr, Holiday, FL 34690
      View Details
    • New
      Contact for pricing
      0.13 Acres

      Land in Holiday, Florida

      Vacant lot in Holiday, Pasco County, Florida.
      4807 Ann Dr, Holiday, FL 34690
      View Details
    • $675,000
      5,040 SF

      Holiday Mixed-Use Commercial Building

      Large building, ample parking, multiple uses.
      5730 Elena Dr, Holiday, FL 34690
      View Details
    • New
      Contact for pricing
      0.13 Acres

      Land For Sale in Holiday

      Vacant lot available in Holiday, Pasco County, Florida.
      4807 Ann Dr, Holiday, FL 34690
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      2,568 SF

      Holiday Restaurant Space - Great Deal!

      Prime US19 location, 2,568 sq ft, incentives offered.
      4607 Mile Stretch Dr, Holiday, FL 34690
      View Details
    • Contact for pricing

      Retail Space in Publix Anchored Center

      Retail space available in a busy, anchored shopping center.
      4649 Sunray Dr, Holiday, FL 34690
      View Details
    • $15,600 /Mo

      Retail Space on Grand Blvd

      800 sq ft retail space for lease on Grand Blvd.
      3420 Grand Blvd, Holiday, FL 34690
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1234 Pasco County
    Holiday, FL 34690
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.