6333 Babb Rd Belleview, FL 34420-4280

Property Details for 6333 Babb Rd

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.90 lot acres

Property size

5,172 SF

Zone code

B2

Property type

Commercial real estate

APN

38681-000-00

APU

3868100000

Description

This exceptional investment opportunity presents a well-established 55-bed assisted living facility in Belleview, Florida. The property comprises three buildings totaling over 19,775 square feet situated on over 1.5 acres and includes multiple private and semi-private living options. The facility boasts a strong operational history, evidenced by an 11.41% cap rate and a robust NOI of $513,599. The asking price is $4,500,000, translating to a price per square foot of $227.56 and a price per bed of $81,818.18. Financial projections indicate a pro-forma cap rate of 11.94%. The property's strong reputation and excellent management team contribute to a consistently high occupancy rate. The current owner's hands-off approach, primarily focused on financial oversight and strategic support, makes this a relatively passive investment. The property features ample common areas for resident enjoyment and benefits from a professional staff with low turnover. The sale includes all real estate and the established business. Potential buyers are responsible for verifying all aspects of the property, including permits, approvals, regulations, financials, and other relevant factors, prior to closing. Note that the provided financial information is based on 2024 year-to-date performance (January-May) with add-backs provided by the seller; independent verification is strongly recommended.

Location Insight

City

Belleview

County

Marion

State

Florida

Longitude

-82.0462

Latitude

29.0615

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments