Building Details

Building Size 33,254 SF

Year Built 2006

Units 43

Listing Agency: Bull Realty

Listed By: Ernie Anaya, MBA · License #SC #93244 Show Phone

Source: Bullrealty

Added: Mar 27 Changed: Oct 13 Last Checked: Oct 12 at 6:02PM

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Investment Insights

Based on property information with market context.

This assisted living facility is available for sale in Auburn, Alabama. The building has a size of approximately 33,254 square feet and contains 43 units, licensed for 49 beds. The facility offers assisted living with a professional care staff and memory care services. Interior features include large suites and spacious single rooms. Amenities include a professional kitchen, theater, and beauty salon. The property is located in Auburn, Alabama, a city with a population of 82,000, recognized for its dynamic economy. Auburn is home to Auburn University, located approximately 9 minutes from the property. The city is a regional hub for advanced manufacturing, technology, high-quality residential living, and a retirement destination for Auburn University Alumni. The city's culture is a driver for the local tourism and hospitality sectors.

Key Highlights

• High Occupancy Rate: 92.2% occupancy rate.
• Strong Financial Performance: Forecast NOI of $544,233.66, 16.01% Acquisition CAP Rate and a 92.6% IRR (5‑Year Hold).
• Desirable Location: Situated in Auburn, Alabama, near Auburn University.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$265,918

Cap Rate

7.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,318,360 $5.3M

Cap Rate 7%

$3,798,829 $3.8M

Cap Rate 9%

$2,954,644 $3.0M

Market Conditions

NOI Build-Up for 33,254 SF

Gross rent

$518.8K $15.60/SF

− Vacancy

−$35.3K −$1.06/SF

EGI

$483.5K $14.54/SF

− OpEx

−$217.6K −$6.54/SF

NOI

$265.9K $8.00/SF

Area

Lee County, AL

Vacancy

6.80%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,318,360

Cap Rate 7%

$3,798,829

Cap Rate 9%

$2,954,644

Alternative Uses

Best Use

Apartment 5plus

$3.80M

$3.32M – $4.43M (±1% cap)

NOI $265,918 @ 7.0% cap · market cap 7.82%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$8.11M

$7.10M – $9.46M (±1% cap)

NOI $567,734 @ 7.0% cap · market cap 16.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Morningside of Auburn Nursing Home

Suggested Use

Top Pick Kitchen & Bath Showroom Grocery & Convenience Store Barber Shop Electrical Service Carpet & Flooring Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

600

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 36830, AL

47,543

Population

23,146

Households

2.1

Avg Household Size

30

Median Age

63%

College-Educated

96%

High-School Grad

109.5 sq mi

ZIP Area

434

Density / Sq Mi

$63,761

Median Household Income

$37,414

Median Earnings

$1,033

Median Rent

$346,600

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this assisted living facilities located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Assisted living facility - Assisted Living Facility in Auburn, Alabama near Auburn University.

Where is this assisted living facility located?

The property is located at 871 Twin Forks Ave Auburn, AL.

What is the asking price?

The asking price for this property is $3,400,000.

What are key features of this property?

This property features: High Occupancy Rate: 92.2% occupancy rate.; Strong Financial Performance: Forecast NOI of $544,233.66, 16.01% Acquisition CAP Rate and a 92.6% IRR (5‑Year Hold).; Desirable Location: Situated in Auburn, Alabama, near Auburn University.