Assisted Living Property with
For Sale
$1,305,000
3621 Winchester Road, New Market, AL 35761
A former care facility includes a separate apartment and a multi-purpose building.
Property Size6,544 SF
Price / SF$199.42
Days on Market246
Property Features for 3621 Winchester Road
General Information
Standard status
Active
Size
6,544 SF
Property subtype
COMMERCIAL
Amenities
fireplace
covered back porch
laminate flooring
double ovens
kitchen island
dining areas
family room
full bath
Building Details
Building Size
6,544 SF
Year Built
1920
Buildings
3
Listing Agency:
One Key Realty
Listed By:
Vanessa Blackwell · License #105886
(256) 626-6736
Source:
Intownpartners
Added: Feb 26
Changed: Oct 26
Last Checked: Oct 26 at 2:12PM
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 One Key Realty
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Investment Insights
Based on property information with market context.
This former assisted living property comprises a 4,400-square-foot main building with nine bedrooms and six bathrooms. Interior features include dining areas, laminate flooring, a fireplace, and a kitchen with double ovens and an island; a covered rear porch is also part of the main building. Furnishings and appliances are included.
Additional improvements include a 750-square-foot apartment with one bedroom, a family room, and a full bathroom, as well as a multi-purpose building exceeding 1,500 square feet. The property was built in 1920.
Additional improvements include a 750-square-foot apartment with one bedroom, a family room, and a full bathroom, as well as a multi-purpose building exceeding 1,500 square feet. The property was built in 1920.
Key Highlights
- Former assisted living facility with 9 bedrooms and 6 baths in the 4,400 SF main building
- Separate 750 SF apartment with 1 bedroom, family room, and full bath
- Multi‑purpose building with more than 1,500 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,336
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
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
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 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 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,284 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Balanced
Demand for This Use
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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
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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 - A former care facility includes a separate apartment and a multi-purpose building.
Where is this assisted living facility located?
The property is located at 3621 Winchester Road New Market, AL.
What is the asking price?
The asking price for this property is $1,305,000.
What are key features of this property?
This property features: Former assisted living facility with 9 bedrooms and 6 baths in the 4,400 SF main building; Separate 750 SF apartment with 1 bedroom, family room, and full bath; Multi‑purpose building with more than 1,500 SF
