Adult Day Health Care
For Sale
$2,900,000
Pending
1105 N Main St Nw, Conyers, GA 30012
Established care facility with activity, dining, office, rest, and bathing areas, plus covered passenger drop-off.
Property Size7,346 SF
Days on Market167
Property Features for 1105 N Main St Nw
General Information
Standard status
Pending
Size
7,346 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,264
Amenities
activities room
kitchen
dining area
showers
nap rooms
offices
employee breakroom
sun room
sitting/dining area
Listing Agency:
EXP REALTY
(403) 262-7653
Listed By:
Reggie Moon · License #266797
(404) 606-9353
Source:
Exprealty
Added: Mar 16
Changed: Aug 28
Last Checked: Jul 18 at 8:43AM
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 EXP REALTY
Investment Insights
Based on property information with market context.
This adult day health care facility includes the building, operating business, land, and transportation vehicles. The property offers a large activities room, kitchen, dining area, showers, nap rooms, multiple offices, and an employee breakroom. A renovated sunroom and sitting/dining area add to the interior program. The site also has a covered passenger drop-off and pickup area, paved parking, and a separate gravel parking area with its own entrance.
The offering includes one 12-person van and one 16-person bus equipped with a wheelchair lift. The business has operated for 29 years and is located less than 2 miles from Interstate 20 at the West Ave exit in Conyers. Built in 1920, the facility combines an established operating business with purpose-oriented interior and site improvements.
The offering includes one 12-person van and one 16-person bus equipped with a wheelchair lift. The business has operated for 29 years and is located less than 2 miles from Interstate 20 at the West Ave exit in Conyers. Built in 1920, the facility combines an established operating business with purpose-oriented interior and site improvements.
Key Highlights
- Adult day health care business, building, and land included
- Operating history of 29 years
- Includes one 12‑person van and one 16‑person bus with wheelchair lift
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,510
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,130,200
$2.1M
Cap Rate 7%
$1,521,571
$1.5M
Cap Rate 9%
$1,183,444
$1.2M
Market Conditions
NOI Build-Up for 7,346 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$198.3K $27.00/SF
− Vacancy
−$20.8K −$2.84/SF
EGI
$177.5K $24.17/SF
− OpEx
−$71.0K −$9.67/SF
NOI
$106.5K $14.50/SF
Area
Rockdale County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,130,200
Cap Rate 7%
$1,521,571
Cap Rate 9%
$1,183,444
Alternative Uses
Best Use
Healthcare Medical
$1.52M
$1.33M – $1.78M
NOI $106,510 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,393 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30012, GA
30,307
Population
12,400
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.4 sq mi
ZIP Area
715
Density / Sq Mi
$60,169
Median Household Income
$36,770
Median Earnings
$1,134
Median Rent
$199,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Star Bright Learning Academy — 1077 West Ave, Conyers, GA 30012
- The Royal Learning Academy — #000, Conyers, GA 30012
- Glory Buds Child Care Inc. — 939 Bank St NE, Conyers, GA 30012
- Conyers First Preschool & Arts Academy — 921 North Main St NW, Conyers, GA 30012
- Conyers Day Care Center — 1281 northside dr nw, conyers, ga 30012
Frequently Asked Questions
What type of property is this?
Day care center - Established care facility with activity, dining, office, rest, and bathing areas, plus covered passenger drop-off.
Where is this day care center located?
The property is located at 1105 N Main St Nw Conyers, GA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Adult day health care business, building, and land included; Operating history of 29 years; Includes one 12‑person van and one 16‑person bus with wheelchair lift
