1234 Pasco County Holiday, FL 34690
Property profile & analytics
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
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Holiday
- County
- Pasco
- State
- Florida
- Longitude
- -82.7293
- Latitude
- 28.1941
