This exceptional Class A, 11,216-square-foot memory care facility in Orlando, Florida, presents a compelling investment opportunity. Built in 2016, this single-story building boasts 30 beds and features spacious private suites, each with a full bathroom. The open design is ideal for memory care, with large common areas and a secure outdoor space including walking trails and a covered patio. Additional amenities include a commercial kitchen, large dining area, three offices, and a full sprinkler and fire alarm system, along with a backup generator. The property offers a strong pro-forma NOI of $556,716 and a pro-forma cap rate of 15.91%, with an asking price of $3,500,000 ($312.05/SF and $116,666.67/bed). The facility is situated in Orange County, zip code 32801. Potential exists for increasing licensed bed capacity by up to 10 additional beds. All information provided is based on pro-forma data and should be independently verified by the buyer's financial advisor. Prior to closing, the buyer is responsible for verifying all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, capacity increase, number of licensed beds, proformas, FF&E valuation, and all other factors relevant to their intended use.
Highlights
Custom-built memory care facility.
Potential for 10 additional licensed beds.
Open design ideal for memory care residents.
Prime downtown Oviedo location.
Large secure outdoor space and covered patio with backup generator.
The property is located at Withheld By Owner Orlando, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Custom-built memory care facility.; Potential for 10 additional licensed beds.; Open design ideal for memory care residents.
How can I contact the broker?
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Withheld By Owner Orlando, FL 32801
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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