Highlights
•Offered at $3,400,000 •Current gross revenue of $2,176,894.66 •Stabilized occupancy at 92.2% •Projected NOI of $544,233.66 based on normalized expenses •Comparable Southeast sales averaging $233 per square foot •Estimated 2025 replacement cost (construction only) of $343 per square foot •Eligible for SBA 504 financing with a 25-year term, 85% loan-to-cost, and 5.856% interest rate •Underwritten vacancy of 12.4% in Year 1 and 10% thereafter •Anticipated annual revenue growth of 5% •Projected IRR of 92.6% •Estimated cash-on-cash return of 55.2% •Going-in cap rate of 16.01% •Debt service coverage ratio of 2.48 •Estimated Year 5 exit value of $8.6 million •Projected net sale proceeds of $5.8 million after expenses
Description
Bull Realty is pleased to present this ±33,254-square-foot Assisted Living Facility in Auburn, Alabama, offering 43 units and licensed for 49 beds. Located in one of the fastest-growing and most dynamic economies in the Southeast, Auburn has a population of approximately 82,000 and is widely recognized for its strong economic fundamentals and high quality of life. Just nine minutes from Auburn University, the property benefits from the influence of a major SEC university and a highly educated population, with nearly 68% of residents holding a bachelor’s degree or higher. The city has evolved into a thriving hub for advanced manufacturing, technology, upscale residential living, and a retirement destination for university alumni. Known as “The Loveliest Village on the Plains,” Auburn blends collegiate tradition with modern Southern sophistication, driving both tourism and long-term residential growth. The community features well-appointed interiors with large suites and spacious private rooms. Amenities include a professional kitchen, theater, beauty salon, and other resident-focused services. The facility provides assisted living supported by professional care staff, along with dedicated memory care services.
Listing Details
- Space Type
healthcare
- Sub Category
assisted-living
- Date Listed
2/12/2026
Property Specifics
- Property Name
Personal Care Home Facility | For Sale | Auburn, AL
- No of Buildings
1
- No of Stories
1
- No of Units
43
- Year Built
2006
- Building Size
33,254 SF
- APN
09-04-20-1-000-204-000
- Zoning
CDD
- Occupancy
92%