8 Rainbow Ln, Waynesboro, VA 22980-6242
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.
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Oak Grove Manor Community Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GENERAL AGRICULTURE · Waynesboro, VAWaynesboro. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.