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722 E Lake Rd S 10,615 SF Health Care Building Offered at $3,600,000 at a 12% Cap Rate in Tarpon Springs, FL 34688
Investment Highlights
- Stabilized 30 bed ALF opportunity in north Pinellas
- Solid income performance with upside potential - 12% cap rate
- Excellent hospital access
- Great East Lake higher income area
- Efficient 10,615 SF building
- Land size of 4.40 acres allows expansion to 50 beds total
Executive Summary
Turnkey, cash-flowing going-concern asset with stabilized in-place income along an established growth corridor with strong demographic tailwinds. 25+ year continuous operating history. Day-one cash flow to new ownership — fully staffed, fully operational, absentee-ready. Entitled expansion upside: Pinellas County zoning approved for an additional 20 beds, bringing total licensed capacity to 50 beds. Rare opportunity to acquire a seasoned, income-producing operation with built-in scalability.
CONFIDENTIAL LISTING. VISITS BY APPOINTMENT ONLY. MUST RESPECT RESIDENT PRIVACY. 48-HRS NOTICE REQUIRED.
CONFIDENTIAL LISTING. VISITS BY APPOINTMENT ONLY. MUST RESPECT RESIDENT PRIVACY. 48-HRS NOTICE REQUIRED.
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Waterfront
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,235,033 (2025) | |
| Land Assessment | $345,387 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $889,646 (2025) | Tax Year | 2027 Payable 2027 |
Property Taxes
Parcel Numbers
Land Assessment
$345,387 (2025)
Improvements Assessment
$889,646 (2025)
Total Assessment
$1,235,033 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2027 Payable 2027
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