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

Healthcare properties

Property subtype

Assisted living facilities

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%

  $487,209

  6.5%

  $449,732

  7%

  $417,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $433,487

  Geo Method

  $394,636

• Alternative Use

  Use

  Valuation

  Residential

  $570,504

  Hospitality

  $522,578

  Educational

  $434,779

  Medical

  $449,732

  Retail

  $676,323

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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