Assisted Living Facility with ADA
For Sale
$175,000
1135 Gillionville Road, Albany, GA 31707
Commercial building with flexible rooms, shared areas, central air, and zoning supporting residential care use.
Property Size2,555 SF
Price / SF$68.49
Days on Market502
Property Features for 1135 Gillionville Road
General Information
Standard status
Active
Size
2,555 SF
Property subtype
General Commercial
Zoning
C-3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,200
Amenities
Central Air, Ceiling Fan(s)
3
Commercial
Other
Landscaped. City Road.
Building Details
Year Built
1961
Listing Agency:
THE REAL ESTATE CONCIERGE LLC
(912) 438-1270
Listed By:
Roger Jones · License #429406
(912) 438-1270
Source:
Xome
Added: Apr 18, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:35PM
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 THE REAL ESTATE CONCIERGE LLC
Investment Insights
Based on property information with market context.
This 2,555-square-foot commercial property at 1135 Gillionville Road in Albany, GA, was built in 1961 and offers a room-based layout with 8 rooms, 2.5 bathrooms, and common areas. Interior features include central air and ceiling fans, while the site has landscaped grounds, parking, and access from a city road. ADA-compliant access is also in place.
The property is positioned near public transportation, medical centers, and community resources. C-3 zoning permits residential care facility use, subject to buyer verification. The configuration supports evaluation for assisted living, group home, or other care-based housing applications, with final licensing and operational requirements to be confirmed by the buyer.
The property is positioned near public transportation, medical centers, and community resources. C-3 zoning permits residential care facility use, subject to buyer verification. The configuration supports evaluation for assisted living, group home, or other care-based housing applications, with final licensing and operational requirements to be confirmed by the buyer.
Key Highlights
- 2,555 SF commercial property on Gillionville Road in Albany, GA
- 8 rooms and 2.5 bathrooms with common areas
- C‑3 zoning permits residential care facility use, buyer to verify
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
$15,649
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
8.94%
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%
$312,980
$313.0K
Cap Rate 7%
$223,557
$223.6K
Cap Rate 9%
$173,878
$173.9K
Market Conditions
NOI Build-Up for 2,555 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
$30.7K $12.00/SF
− Vacancy
−$2.2K −$0.86/SF
EGI
$28.5K $11.14/SF
− OpEx
−$12.8K −$5.01/SF
NOI
$15.6K $6.12/SF
Area
Dougherty County, GA
Vacancy
7.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$312,980
Cap Rate 7%
$223,557
Cap Rate 9%
$173,878
Alternative Uses
Best Use
Apartment 5plus
$223.6K
$195.6K – $260.8K
NOI $15,649 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.8K
$440.0K – $586.6K
NOI $35,198 @ 7.0% cap · market cap 20.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31707, GA
24,623
Population
12,652
Households
1.9
Avg Household Size
38
Median Age
27%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
1,338
Density / Sq Mi
$49,179
Median Household Income
$37,878
Median Earnings
$934
Median Rent
$131,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Barbara's Haven — 908 W Oglethorpe Blvd, Albany, GA 31701
- RENAISSANCE PERSONAL CARE HOME LLC — 1812 Gillionville Rd, Albany, GA 31707
- Chamberlain Academy And Group Home, Inc. — 1500 Gillionville Rd, Albany, GA 31707
- Parker Hill Manor — 1218 Parker Ave, Albany, GA 31707
- Charm's Personal Care Home — 900 W Residence Ave, Albany, GA 31701
Frequently Asked Questions
What type of property is this?
Assisted living facility - Commercial building with flexible rooms, shared areas, central air, and zoning supporting residential care use.
Where is this assisted living facility located?
The property is located at 1135 Gillionville Road Albany, GA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,555 SF commercial property on Gillionville Road in Albany, GA; 8 rooms and 2.5 bathrooms with common areas; C‑3 zoning permits residential care facility use, buyer to verify
