Log In/Sign Up
Your email has been sent.
Blue Heron Blvd - 40 Bed Licensed Independent Living Facility 7,486 SF Health Care Building Offered at $5,626,920 CAD at a 11.10% Cap Rate in Riviera Beach, FL 33404
Investment Highlights
- Prime Healthcare Corridor
- Value-Add Conversion
- Operational Upside
Executive Summary
311 W. Blue Heron Blvd offers a rare opportunity to acquire a licensed 40-bed senior housing community in the heart of Palm Beach County with significant value add potential. While the property has historically operated as an independent living community, a new owner has the opportunity to reposition operations toward higher-acuity assisted living, where increased care levels can support stronger revenue and long-term asset value.
Licensed by the State of Florida since 2001, the community includes a valuable Limited Mental Health (LMH) specialty designation, allowing operators to serve residents that many competing facilities cannot. The property features three single-story buildings with 25 resident rooms on a 0.55-acre parcel surrounding a landscaped courtyard, providing an efficient layout for assisted living operations.
Located within 30 minutes of six hospitals, including St. Mary's Medical Center, a Level I Trauma Center, the property is well positioned to benefit from South Florida's growing demand for senior care. With nearly three decades of continuous operation, a clean regulatory history, and meaningful operational upside, this offering presents an exceptional opportunity for experienced assisted living operators and healthcare investors.
Licensed by the State of Florida since 2001, the community includes a valuable Limited Mental Health (LMH) specialty designation, allowing operators to serve residents that many competing facilities cannot. The property features three single-story buildings with 25 resident rooms on a 0.55-acre parcel surrounding a landscaped courtyard, providing an efficient layout for assisted living operations.
Located within 30 minutes of six hospitals, including St. Mary's Medical Center, a Level I Trauma Center, the property is well positioned to benefit from South Florida's growing demand for senior care. With nearly three decades of continuous operation, a clean regulatory history, and meaningful operational upside, this offering presents an exceptional opportunity for experienced assisted living operators and healthcare investors.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,012,846
|
$135.30
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$50,642
|
$6.76
|
| Effective Gross Income |
$962,203
|
$128.53
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$337,615
|
$45.10
|
| Net Operating Income |
$624,588
|
$83.43
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,012,846 |
| Annual Per SF | $135.30 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $50,642 |
| Annual Per SF | $6.76 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $962,203 |
| Annual Per SF | $128.53 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $337,615 |
| Annual Per SF | $45.10 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $624,588 |
| Annual Per SF | $83.43 |
Property Facts
| Price | $5,626,920 CAD | Building Size | 7,486 SF |
| Price Per Bed | $140,673 CAD | No. Beds | 40 |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 11.10% | Year Built | 1963 |
| Property Type | Health Care |
| Price | $5,626,920 CAD |
| Price Per Bed | $140,673 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 11.10% |
| Property Type | Health Care |
| Building Size | 7,486 SF |
| No. Beds | 40 |
| No. Stories | 1 |
| Year Built | 1963 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 56-43-42-28-05-004-0071 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $886,584 CAD |
Property Taxes
Parcel Number
56-43-42-28-05-004-0071
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$886,584 CAD
1 of 33
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Blue Heron Blvd - 40 Bed Licensed Independent Living Facility
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.