Property profile

8 Rainbow Ln Waynesboro, VA 22980

FOR SALE
Assisted living facilities
Property ID
US87-3290068
8,556 SF 4.48 ac lot Built 1972
Entity Owned 1-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Community Center

Location

8 Rainbow Ln Waynesboro, VA 22980
Waynesboro metro Census 70500 STAUNTON-WAYNESBORO, VA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2011
Price N/A

Zoning & alternative use

GENERAL AGRICULTURE · Waynesboro, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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