4614 7Th PlCape Coral, FL 33914

Property Details for 4614 7Th Pl

Year built

2002

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

1,879 SF

Zone code

R3-D

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

11-45-23-C4-01711.0220

APU

114523C4017110220

Description

This fully operational 12-bed assisted living facility in Cape Coral, Florida, presents a unique investment opportunity. Located at 4614 SW 7th Pl, 33914, the property sits on a 1.2-acre lot and encompasses 3,705 square feet. The existing facility is currently licensed for 12 beds and offers both private and semi-private rooms, with existing staff and services in place. A significant advantage is the approved permit for a substantial expansion, adding up to an additional 60 beds. Detailed plans are ready for immediate development on an adjacent lot, with the potential to construct a new 42-bed facility, projected for completion in the first quarter of 2025. This expansion will create up to 10 new jobs. The existing building is Class B and the property boasts a 15.10% cap rate, making it an attractive investment for both owner-users and investors. The current asking price is $3,100,000. This presents a rare opportunity in a market with limited inventory. The property's thoughtful design includes accessible community spaces for resident gatherings and activities. Please note that disturbing the existing business is discouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $582,027

  6.5%

  $537,255

  7%

  $498,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $388,254

  Geo Method

  $353,457

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,024,550

  Retail / Commercial

  $525,780

  Mixed-Use / Specialty

  $524,217

  Hospitality / Lodging

  $385,008

  Office

  $521,428

  Institutional / Educational

  $545,086

  Residential Income

  $637,751

  Multifamily

  $763,155

  Automotive / Energy

  $467,217

  Parking / Income-Based Land

  $160,923

  Restaurant / Food Service

  $273,315

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.5657

Longitude

-81.9899

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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