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    OFF-MARKET
    Assisted living facilities

    8 Rainbow Ln, Waynesboro, VA 22980-6242

    8,556 SF 4.48 ac lot Built 1972
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US87-3290068
    Property summary
    AI-generated overview

    This exceptional assisted living facility in Waynesboro, VA, presents a unique investment opportunity. Situated on a 4.48-acre lot, the 8,156 square foot property offers 23 comfortable guest rooms, generating a strong occupancy rate. Six private rooms include a half bath, while seven others boast full baths. A private apartment adds to the property's versatility. Residents enjoy spacious communal areas perfect for socializing and recreation, along with two convenient shower/salon rooms. A well-equipped kitchen ensures delicious meals are prepared daily. The tranquil outdoor spaces provide a serene setting for relaxation. All rooms are fully furnished, and all furniture is included in the sale. Two detached three-car garages offer ample storage, and additional backup furniture is also provided. Priced at $1,100,000, this property offers a blend of lucrative investment potential and the rewarding experience of providing high-quality senior care in a peaceful, scenic location. The property's quiet setting and amazing views contribute to its overall appeal and potential for continued success. This is a remarkable opportunity for discerning investors in the senior care industry.

    Property profile
    Verified
    Property type Assisted living facilities
    Use group HOMES (RETIRED, NURSING)
    Year built 1972
    Total area 8,556 SF
    Lot 4.48 ac (195,279 SF)
    Zoning code GENERAL AGRICULTURE
    APN 058 25
    UPID US87-3290068
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Oak Grove Manor Community Center
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Raylee Wade Properties LLC · 1 yrs held
    Raylee Wade Properties LLC
    since 2025
    2 recorded transactions
    2025
    2011
    Zoning & alternative use
    GENERAL AGRICULTURE · Waynesboro, VA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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