Assisted Living Facility with
New
For Sale
$900,000
3621 A&B Winchester Road, New Market, AL 35761
Business Opportunity, New Market, AL
Property Size6,544 SF
Lot Size2.50 Acres
Price / SF$137.53
Days on Market1
Property Features for 3621 A&B Winchester Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial, Unzoned
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bathroom 2, Bathroom 7, Bathroom 8, Bathroom 4, Bathroom 1, Bathroom 6, Bathroom 3
Parking features
Driveway
Accessibility
Accessible Doors
Subdivision
Metes And Bounds
Lot features
High Visibility
Directions
Hwy 72 East, Left Moores Mill Rd, Right Winchester Rd, Property On Left Past County Lake Rd Before Green Rd.
Standard status
Active
APN
0904192000056000
Size
6,544 SF
Lot size
2.50 Acres
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
gas fireplace
double ovens
kitchen island
covered back porch
Building Details
Year built
1920
Floors in Building
1
Flooring type
Carpet, Wood, Tile
Roof type
Metal
Listing Agency:
One Key Realty
(256) 626-6736
Listed By:
Vanessa Blackwell · License #105886
(256) 797-2376
Added: Aug 25
Last Checked: Aug 25 at 5:06PM
MLS# 21927326
Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This assisted living property comprises three buildings on 2.5 acres, with furnishings and appliances included. The principal structure contains 4,400 SF, nine bedrooms, six baths, dining areas, laminate flooring, a gas fireplace, and a kitchen with double ovens and an island. A substantial covered rear porch extends the main building’s usable space.
The property also includes a separate one-bedroom apartment measuring 750 sqft and a multipurpose building with over 1,500 SF dedicated to recreation. Additional features include carpet, wood and tile flooring, central electric heating and cooling, accessible doors, a metal roof, driveway parking, public water, and septic service. Built in 1920, the property may support residential or commercial use as described in the source information.
The property also includes a separate one-bedroom apartment measuring 750 sqft and a multipurpose building with over 1,500 SF dedicated to recreation. Additional features include carpet, wood and tile flooring, central electric heating and cooling, accessible doors, a metal roof, driveway parking, public water, and septic service. Built in 1920, the property may support residential or commercial use as described in the source information.
Key Highlights
- 4,400 SF main building with 9 bedrooms and 6 baths
- Separate 1 bedroom 750 sqft Apartment
- Multi‑purpose recreation building offers over 1,500 SF
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
$41,336
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
4.59%
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%
$826,720
$826.7K
Cap Rate 7%
$590,514
$590.5K
Cap Rate 9%
$459,289
$459.3K
Market Conditions
NOI Build-Up for 6,544 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
$91.9K $14.04/SF
− Vacancy
−$16.7K −$2.56/SF
EGI
$75.2K $11.48/SF
− OpEx
−$33.8K −$5.17/SF
NOI
$41.3K $6.32/SF
Area
Madison County, AL
Vacancy
18.20%
Lease Rate
$14.04 /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%
$826,720
Cap Rate 7%
$590,514
Cap Rate 9%
$459,289
Alternative Uses
Best Use
Apartment 5plus
$590.5K
$516.7K – $688.9K
NOI $41,336 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,284 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35761, AL
12,561
Population
5,522
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
116.6 sq mi
ZIP Area
108
Density / Sq Mi
$82,321
Median Household Income
$45,892
Median Earnings
$975
Median Rent
$215,300
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Haven For Greater Living Inc The — 3621 Winchester Rd, Huntsville, AL 35811
Frequently Asked Questions
What type of property is this?
Assisted living facility - Multi-building senior housing property with accessible features, furnished interiors, and separate living space.
Where is this assisted living facility located?
The property is located at 3621 A&B Winchester Road New Market, AL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,400 SF main building with 9 bedrooms and 6 baths; Separate 1 bedroom 750 sqft Apartment; Multi‑purpose recreation building offers over 1,500 SF
