Adult Day Care Facility with Covered
New
For Sale
$2,900,000
1105 N Main St NW, Conyers, GA 30012
The property includes an operating adult day health care business, transportation vehicles, and dedicated spaces for activities, dining, and rest.
Property Size7,346 SF
Price / SF$394.77
Days on Market3
Property Features for 1105 N Main St NW
General Information
Standard status
Active
Size
7,346 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Amenities
covered drop off and pick up area
sun room
Building Details
Year Built
1920
Tenancy
Single
Listing Agency:
eXp Realty
Listed By:
Reggie Moon · License #266797
(404) 325-4773
Source:
Brockteam
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 1:17PM
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.
The 7,346-square-foot healthcare property in Conyers includes the building, land, and operating adult day health care business. Built in 1920, the facility has an activities room, kitchen, dining area, showers, nap rooms, offices, and an employee breakroom. A renovated sunroom and sitting and dining area serve clients. The sale also includes a 12-person van and a 16-person bus equipped with a wheelchair lift.
A covered area accommodates client drop-off and pickup. Parking includes paved spaces and a gravel area with a separate entrance. The property is less than 2 miles from Interstate 20 at the West Avenue exit.
A covered area accommodates client drop-off and pickup. Parking includes paved spaces and a gravel area with a separate entrance. The property is less than 2 miles from Interstate 20 at the West Avenue exit.
Key Highlights
- Sale includes the land, building, and operating adult day health care business
- 7,346‑square‑foot facility built in 1920
- Includes a 12‑person van and a 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
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Healthcare property - The property includes an operating adult day health care business, transportation vehicles, and dedicated spaces for activities, dining, and rest.
Where is this healthcare property 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: Sale includes the land, building, and operating adult day health care business; 7,346‑square‑foot facility built in 1920; Includes a 12‑person van and a 16‑person bus with wheelchair lift
