3084 Highway 81Hampton, GA 30228

  • Assisted living facilities
  • 8,519 SF
For Lease
$16.50/SF/YR View listing

Property Details for 3084 Highway 81

Year built
1968
Construction
WOOD
Lot size
2.34 AC
Property size (Sq ft)
8,519 SF
Zone code
C2
Property type
Assisted living facilities
Property subtype
Retirement homes
APN
019-02039000
APU
1902039000

Description

This exceptional 20,609-square-foot assisted living facility, situated on a 4.34-acre lot in Hampton, Georgia (3084 Hwy 81, zip code 30228), offers 45 beds providing assisted living and memory care services. The property is conveniently located 9.5 miles from Interstate 75, enhancing accessibility. The facility boasts two secure outdoor areas for residents: a relaxing courtyard with a sitting area and a fenced-in garden featuring paved walkways. A significant recent investment includes a brand-new, nine-unit addition (approximately 1,000 sqft) currently awaiting its Certificate of Occupancy. The property is zoned Residential Agriculture (APN: 019-02039000). Market analysis reveals a substantial and growing demand for assisted living units in the Primary Market Area (PMA), projecting a 25.08% increase from 787 units today to 985 units by 2027. Similarly, the demand for memory care units is expected to rise from 236 to 295 units within the same timeframe. Currently, there are 485 competitive assisted living units (including this property) and 143 memory care units within a 10-mile radius, with no new construction underway. This presents a significant opportunity given the projected unmet demand of 302 assisted living units (growing to 500 by 2027) and 93 memory care units (growing to 152 by 2027) within the PMA. The average age of the nine competitive assisted living facilities within the 10-mile radius is 17 years, with four offering memory care services. This property represents a compelling investment opportunity in a thriving market with significant growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,059,186
    6.5%
    $977,710
    7%
    $907,873
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,910,974
    Geo Method
    $1,910,974
  • Alternative Use

    Use
    Valuation
    Residential
    $1,240,266
    Hospitality
    $1,136,077
    Educational
    $945,203
    Medical
    $977,710
    Retail
    $1,470,315

Location Insight

City
Hampton
County
Henry
State
Georgia
Latitude
33.4249
Longitude
-84.2767
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$32,345
$61,160
$745,880
$807,040
-
$152,900
$1,864,700
$2,017,600

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