535-540 N 600 W - Assisted Livings FOR SALE


Richfield, UT 84701
$1,780,000 USD
801-230-8278
535-540 N 600 W, Richfield, UT for Sale
$1,780,000 USD
Assisted Livings - FOR SALE
1/15
null | 10.24% Cap Rate

535-540 N 600 W
Richfield, UT 84701


HIGHLIGHTS

  • Two adjacent residential-style homes providing a familiar and comfortable care setting for residents.
  • Licensed for 19 beds under Utah’s Level I Assisted Living designation, the highest care level for residential environments.
  • Selling as a going concern with real estate, FF&E, operational infrastructure, and optional franchise rights included.
  • Strong historical revenue growth, with projected 2025 income of $652K and conservative pro forma NOI of $182K.
  • Operational efficiencies through unified staffing and management, supporting margins and care standards.
  • Prime location within minutes of Sevier Valley Medical Center and regional highways, ensuring demand stability.

OVERVIEW

BeeHive Homes of Richfield represents a compelling investment in Utah’s expanding senior housing market, offering a fully operational, income-generating assisted living business positioned for growth. The property includes two adjacent homes located on N 600 West in Richfield, Utah, collectively licensed for 19 beds under a Level I Assisted Living Facility license. 2 Buildings for sale. The operation is structured as a going-concern transfer, encompassing the real estate, operational rights, all furniture, fixtures, and equipment, and the option to retain the BeeHive Homes franchise license. This turnkey opportunity delivers day-one revenue with current occupancy at approximately 79% and a clear path to stabilization at 85%, supported by a blended rate assumption and strong historical growth. With three consecutive years of revenue growth and projected 2025 gross revenue of $652,189, the property provides a pro forma net operating income of $182,325 at stabilization. Removing existing rent expense through real estate ownership further enhances margins, while filling four vacant beds offers over $156,000 of additional annual revenue at conservative rates. Strategically located in Richfield’s established residential area near Sevier Valley Medical Center and major highways I-70 and US-89, this asset benefits from steady demand and limited competing supply in a regional healthcare hub. It is rare to find an opportunity offering operational continuity, scalability, and immediate NOI improvement in such a supply-constrained market.

FOR SALE DETAILS

PRICE

$1,780,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

10.24%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BeeHive Homes of Richfield

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

Residential / Level I ALF

APN/PARCEL ID

1-62-17, 1-62-13, 1-62-20, 1-62-41

ASK ABOUT THIS PROPERTY

Courtney NielsenKeller Williams Salt Lake CityMore Info
801-230-8278

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Courtney NielsenKeller Williams Salt Lake CityMore Info
801-230-8278

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.