Building Details

Building Size 6,290 SF

Year Built 1997

Year Renovated 2019

Units 14

Listing Agency: Bull Realty

Listed By: Ernie Anaya, MBA · License ##93244 Show Phone

Source: Commercialcafe

Added: Aug 28 Changed: Oct 9 Last Checked: Oct 14 at 8:23PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty

Investment Insights

Based on property information with market context.

This licensed personal care facility includes 14 units and capacity for 24 residents. The building was constructed in 1997 and renovated in 2019, with full bathrooms throughout, a dedicated dining room, and a commercial kitchen with a hood system. The approximately 6,290-square-foot improvement occupies about 2.56 acres and is currently operating as Rainbow Retirement & Assisted Living.

The property is unzoned and located at 109 Meyer Farm Road in Arnoldsville, approximately 10 miles southeast of the University of Georgia and downtown Athens. Piedmont Athens Regional and other regional medical resources are identified nearby, while Atlanta Airport is approximately 84 miles away.

The existing configuration supports continued operation as a personal care home. The source information also identifies potential for conversion to a drug treatment center, subject to applicable licensing and regulatory requirements.

Key Highlights

• Licensed 24‑bed Personal Care Home with 14 units
• Approximately 6,290 square feet on ±2.56 acres
• Building constructed in 1997 and renovated in 2019

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,391

Cap Rate

4.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,407,820 $1.4M

Cap Rate 7%

$1,005,586 $1.0M

Cap Rate 9%

$782,122 $782.1K

Market Conditions

NOI Build-Up for 6,290 SF

Gross rent

$135.9K $21.60/SF

− Vacancy

−$7.9K −$1.25/SF

EGI

$128.0K $20.35/SF

− OpEx

−$57.6K −$9.16/SF

NOI

$70.4K $11.19/SF

Area

Oglethorpe County, GA

Vacancy

5.80%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,407,820

Cap Rate 7%

$1,005,586

Cap Rate 9%

$782,122

Alternative Uses

Best Use

Apartment 5plus

$1.01M

$879.9K – $1.17M (±1% cap)

NOI $70,391 @ 7.0% cap · market cap 4.69%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,143 @ 7.0% cap · market cap 7.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Rainbow Retirement & Assisted Nursing Home

Suggested Use

Top Pick HVAC Service Real Estate Agency Garden Center (Bike/Boat/Book/etc) Store Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 30619, GA

1,610

Population

793

Households

2

Avg Household Size

44

Median Age

33%

College-Educated

90%

High-School Grad

26.2 sq mi

ZIP Area

61

Density / Sq Mi

$79,531

Median Household Income

$47,500

Median Earnings

$850

Median Rent

$202,400

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this assisted living facilities located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Rainbow Retirement & Assisted — 109 Meyer Farm Rd, Arnoldsville, GA 30619

Frequently Asked Questions

What type of property is this?

Assisted living facility - Licensed personal care facility with renovated interiors, private bathrooms, dining space, and commercial kitchen infrastructure.

Where is this assisted living facility located?

The property is located at 109 Meyer Farm Rd Arnoldsville, GA.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Licensed 24‑bed Personal Care Home with 14 units; Approximately 6,290 square feet on ±2.56 acres; Building constructed in 1997 and renovated in 2019