Former Assisted Living
3621 A Winchester Road New Market, AL 35761
3621 A Winchester Road, New Market, AL, 35761
$720,000
For Sale
$720,000
COMMERCIAL - New Market, AL
Property Size6,544 SF
Lot Size2.00 Acres
Price / SF$110.02
Days on Market42
Property Features for 3621 A Winchester Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 7
- Rooms
- Bathroom 5, Bathroom 4, Bathroom 3, Bathroom 6, Bathroom 7, Bathroom 2, Bathroom 1
- Parking features
- Driveway
- Accessibility
- Accessible Doors
- Standard status
- Active
- APN
- 0904192000056000
- Size
- 6,544 SF
- Lot size
- 2.00 Acres
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
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
470 Providence Main, Ste. 203, AL
Listed by
Vanessa Blackwell · License #105886
(256) 797-2376
Added: Jun 8 Checked: Jul 19 at 5:06 am
MLS# 21919754
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Investment Insights
Based on property information with market context.
This property is a former assisted living facility offered with buildings, furnishings, and appliances included. The 4,400 SF main building is set up with 9 bedrooms and 6 baths, along with dining areas, laminate flooring, and a fireplace. The kitchen includes double ovens and an island, and there is a large covered back porch. An additional 750 SF apartment with a bedroom, family room, and full bath is also on-site.
The facility is located at 3621 A Winchester Road in New Market, Alabama. There is an adjacent metal building totaling 1,500 SF, providing added enclosed space. The property is listed with 2 acres, and remarks note that additional land may be available under separate MLS listings.
With its existing room and bathroom layout, kitchen amenities, and inclusion of operating-ready items, the building may fit buyers and operators looking for a ready-to-repurpose healthcare- or residential-style setup. The combination of main building living space and an extra metal outbuilding can support a variety of complementary uses, depending on the buyer’s intended program.
The facility is located at 3621 A Winchester Road in New Market, Alabama. There is an adjacent metal building totaling 1,500 SF, providing added enclosed space. The property is listed with 2 acres, and remarks note that additional land may be available under separate MLS listings.
With its existing room and bathroom layout, kitchen amenities, and inclusion of operating-ready items, the building may fit buyers and operators looking for a ready-to-repurpose healthcare- or residential-style setup. The combination of main building living space and an extra metal outbuilding can support a variety of complementary uses, depending on the buyer’s intended program.
Key Highlights
- Former assisted living facility with 4,400 SF main building built in 1920
- Main building offers 9 bedrooms and 6 baths, plus dining areas and a fireplace
- Kitchen includes double ovens and an island; also features a large covered back porch
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.9k | $14.04 |
| − Vacancy | −$16.7k | −$2.56 |
| EGI | $75.2k | $11.48 |
| − OpEx | −$33.8k | −$5.17 |
| NOI | $41.3k | $6.32 |
6,544 SF · lease $14.04/SF/yr · vacancy 18.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$590.5K
$516.7K – $688.9K
NOI $41,336 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,284 @ 7.0% cap · market cap 16.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Assisted living facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Assisted living facility - Well-equipped, furnished former assisted living building with an on-site apartment and additional metal outbuilding for flexible uses.
Where is this assisted living facility located?
The property is located at 3621 A Winchester Road New Market, AL.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Former assisted living facility with 4,400 SF main building built in 1920; Main building offers 9 bedrooms and 6 baths, plus dining areas and a fireplace; Kitchen includes double ovens and an island; also features a large covered back porch
