±33,906 SF Assisted Living Facility | Decatur, AL

2115 Point Mallard Dr SE, Decatur, AL 35601

Accepting Offers
±33,906 SF Assisted Living Facility | Decatur, AL±33,906 SF Assisted Living Facility | Decatur, AL±33,906 SF Assisted Living Facility | Decatur, AL±33,906 SF Assisted Living Facility | Decatur, AL
Asking Price

$3,800,000

±33,906 SF Assisted Living Facility | Decatur, AL

2115 Point Mallard Dr SE, Decatur, AL 35601

Asset Type: Real Estate

Estate: Fee Simple

Year Built: 1999

Number of Floors: 1

Property Size: 33,906 SF

Property Type: Other

Occupancy %: 70.5

Land Area: 2.97 Acres

Number of Units: 49

Investment Highlights

  • STRONG MARKET
  • • Average Net Worth (Age 75+): $1,696,281.
  • • Average Household Income (Age 75+): $70,747
  • • Average Home Value: $361,052.
  • • Unmet Demand (10 mile): 196 Beds
  • PROPERTY HIGHLIGHTS
  • • List Price: $3,800,000
  • • Gross Revenue: $2,174,408 (Actual)
  • • Occupancy: 70.5% November (Actual)
  • • Forecast NOI: $543,602 (normalizing expenses to 75% of Gross Revenue)
  • • CoStar Southeast Sold Comps:$233/SF
  • • 2024 Weitz Replacement Cost (Construction cost only): $273/SF
  • FINANCIAL HIGHLIGHTS (5-Year Hold)
  • • Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.856% interest
  • • Using 29.5% Year 1, 19% Year 2, and 10% Years 3-10
  • • Revenue growth: 5% per year
  • • IRR: 83.11%
  • • Cash on Cash: 33.16%
  • • Acquisition CAP Rate: 12.3%
  • • Debt Service Coverage Ratio: 1.9
  • • Projected Sales Year 5: $9.5 million
  • • Sales proceeds after expenses: $6.3 million

±33,906 SF Assisted Living Facility | Decatur, AL

Located in Decatur, Alabama, this building is in A “Senior-Heavy” Market: Decatur’s 65+ population (approximately 18.1% of the city) is slightly higher than the national average. When looking at the broader MSA, nearly 1 in 5 residents is a senior, indicating a high density target market for assisted living services. Regional Draw: As the second-largest city in the Huntsville-Decatur Combined Statistical Area (CSA)—a region with over 880,000 people—Decatur acts as a primary service hub for the more rural parts of Lawrence and Limestone counties. Economic Stability: With a median household income of approximately $63,987 and a cost of living roughly 12% below the national average, residents have higher-than-average discretionary income for private-pay senior care options for care.

Sale FAQs

Investment Sales Broker

Ernie Anaya, MBA

Ernie Anaya, MBA

Bull Realty, Inc.

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXX

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