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301 Milford Pl 11,941 SF Health Care Building Offered at $2,100,000 at a 14.67% Cap Rate in New Smyrna Beach, FL 32168
INVESTMENT HIGHLIGHTS
- New Roof, AC and Appliances
- Safety and Reliability
- Warm, Comfortable Environment
- Community Connection
EXECUTIVE SUMMARY
The property has been comprehensively updated, including a new roof (March 2025), new AC system, modern appliances, and upgraded resident living areas with enhanced safety and accessibility features.
Situated in a strong senior-driven market with consistent demand for quality assisted living, Crown Assisted Living offers a stabilized, well-improved facility in a prime location.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$600,000
|
$50.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$70,000
|
$5.86
|
| Effective Gross Income |
$530,000
|
$44.38
|
| Taxes |
$15,000
|
$1.26
|
| Operating Expenses |
$250,000
|
$20.94
|
| Total Expenses |
$265,000
|
$22.19
|
| Net Operating Income |
$265,000
|
$22.19
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $600,000 |
| Annual Per SF | $50.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $70,000 |
| Annual Per SF | $5.86 |
| Effective Gross Income | |
|---|---|
| Annual | $530,000 |
| Annual Per SF | $44.38 |
| Taxes | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $1.26 |
| Operating Expenses | |
|---|---|
| Annual | $250,000 |
| Annual Per SF | $20.94 |
| Total Expenses | |
|---|---|
| Annual | $265,000 |
| Annual Per SF | $22.19 |
| Net Operating Income | |
|---|---|
| Annual | $265,000 |
| Annual Per SF | $22.19 |
PROPERTY FACTS
AMENITIES
- Wheelchair Accessible
- Fiber Optic Internet
- Smoke Detector
- Backup Power / Generators
ABOUT 301 MILFORD PL , NEW SMYRNA BEACH, FL 32168
Crown Assisted Living is a fully updated and beautifully improved senior care community located in the highly desirable New Smyrna Beach, a coastal city well known for attracting retirees seeking comfort, community, and an active lifestyle. Every part of the building has been thoughtfully renovated — including a new roof (March 2025), modern appliances, and a new AC system — ensuring a safe, efficient, and comfortable environment for all residents. The property features double-pane energy-efficient windows, a water filtration system, and a backup generator, making the building capable of operating autonomously when necessary. These upgrades, along with modern safety and accessibility features, provide peace of mind for both residents and families. Perfectly situated next to a public park and across the street from the Senior New Smyrna Beach Pickleball Club, Crown residents enjoy peaceful surroundings and opportunities for recreation and social connection just steps away. Convenient access to local shops and services is available within minutes through Votran public transportation, making daily living both simple and enjoyable. Crown is well known and respected in the local community, with many caring volunteers who regularly visit, share their time, and bring warmth and companionship to our residents. Built to updated standards, surrounded by forest, the building has never experienced flooding or hurricane damage, standing strong and reliable through every season. With its prime location, modern upgrades, and strong community presence, Crown Assisted Living offers not just a comfortable and secure home for seniors—but a trusted and enduring place to belong.
ROOM MIX INFORMATION
| DESCRIPTION | NO. BEDS |
|---|---|
| Private Room | 8 |
| Shared Unit | 8 |
PROPERTY TAXES
| Parcel Number | 7418-08-15-0010 | Total Assessment | $909,045 (2026) |
| Land Assessment | $120,000 (2026) | Annual Taxes | $15,000 ($1.26/SF) |
| Improvements Assessment | $789,045 (2026) | Tax Year | 2024 |
PROPERTY TAXES
Presented by
Crown Assisted Living LLC
301 Milford Pl
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