1012 72Nd AvePensacola, FL 32506

Property Details for 1012 72Nd Ave

Year built

1988

Construction

WOOD

Lot size

2.19 AC

Property size (Sq ft)

18,189 SF

Zone code

HDR

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

11-2S-31-2117-000-000

APU

112S312117000000

Description

This exceptional 55-bed assisted living facility (ALF) presents a compelling investment opportunity in Pensacola, Florida. Located at 1012 N 72nd Ave, this single-story, 17,569 square foot building sits on a 4.87-acre lot (APN: 112S312117000000) and boasts a 12% cap rate with a current NOI of $446,510. Built in 1988 and renovated in 2006, the property is zoned HDR and features 65 licensed units, currently housing 46 residents. The facility includes a fully equipped commercial kitchen, and is licensed for both ALF and limited mental care. Significant upside potential exists due to below-market rents and current vacancies. Approximately half the land remains undeveloped, offering substantial room for expansion. Outdoor amenities include a gazebo, putting green, and ample space for resident walks. The property benefits from a relatively new metal roof, newer air conditioning units, and two gas-powered generators. A comprehensive fire sprinkler system is installed throughout the building. This quiet location offers a peaceful environment with no nearby commercial uses. The property is shown by appointment only

• CAP approach

  CAP return

  Valuation

  6%

  $2,407,994

  6.5%

  $2,222,764

  7%

  $2,063,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,415,727

  Geo Method

  $1,487,014

• Alternative Use

  Use

  Valuation

  Residential

  $2,819,669

  Hospitality

  $2,582,802

  Educational

  $2,148,861

  Medical

  $2,222,764

  Retail

  $3,342,672

Location Insight

City

Pensacola

County

Escambia

State

Florida

Latitude

30.4248

Longitude

-87.3078

CBSA code

37860

CBSA name

PENSACOLA-FERRY PASS-BRENT, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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