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801 SW 10th Dr - 71-Bed ALF - 10.5% Cap Rate! 14,036 SF Health Care Building Offered at $11,117,600 CAD at a 10.38% Cap Rate in Pompano Beach, FL 33060
Investment Highlights
- TURN-KEY OPERATION
- APPRAISED VALUE = $8.5M
- HIGH INCOME - HIGH RETURN
Executive Summary
This offering is a well-established “Turn-Key” 71-Bed Assisted Living Facility. The facility has been in operation with two groups that are ongoing clients of our company and have been in operation with them since 2013. The current owner purchased the facility in 2019 and has taken it to the next level for the new owner, who will continue to improve the business while earning a very nice income.
The Green Life ALF includes:
• 43-Units-71-Beds in Operation
• 2-Buildings/2-Stories/14,036 SF
• Built: 1975
• Zoning RM-20
Current Financial Information
• Current Occupancy: 95%
• Gross Revenue: $2,015,000
• NOI: $830,407
The Green Life ALF includes:
• 43-Units-71-Beds in Operation
• 2-Buildings/2-Stories/14,036 SF
• Built: 1975
• Zoning RM-20
Current Financial Information
• Current Occupancy: 95%
• Gross Revenue: $2,015,000
• NOI: $830,407
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $11,117,600 CAD | Lot Size | 0.70 AC |
| Price Per Bed | $156,586 CAD | Building Size | 14,036 SF |
| Sale Type | Investment | No. Beds | 71 |
| Cap Rate | 10.38% | No. Stories | 2 |
| Property Type | Health Care | Year Built | 1976 |
| Property Subtype | Skilled Nursing Facility | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Zoning | RM-20, Pompano Beach - Multifamily, 20 units per acre density. | ||
| Price | $11,117,600 CAD |
| Price Per Bed | $156,586 CAD |
| Sale Type | Investment |
| Cap Rate | 10.38% |
| Property Type | Health Care |
| Property Subtype | Skilled Nursing Facility |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 14,036 SF |
| No. Beds | 71 |
| No. Stories | 2 |
| Year Built | 1976 |
| Tenancy | Single |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | RM-20, Pompano Beach - Multifamily, 20 units per acre density. |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-42-02-03-0670 | Total Assessment | $2,063,955 CAD (2026) |
| Land Assessment | $254,385 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,809,570 CAD (2026) | Tax Year | 2024 |
Property Taxes
Parcel Number
49-42-02-03-0670
Land Assessment
$254,385 CAD (2026)
Improvements Assessment
$1,809,570 CAD (2026)
Total Assessment
$2,063,955 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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801 SW 10th Dr - 71-Bed ALF - 10.5% Cap Rate!
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