1480 Deerpath DrCambridge, OH 43725

Property Details for 1480 Deerpath Dr

Lot size

6.75 AC

Property size (Sq ft)

23,918 SF

Property type

Hospitals

APN

06-0008987.001

APU

60008987001

Description

This 56-bed assisted living and memory care community in Cambridge, Ohio, offers a compelling investment opportunity. Boasting 93% occupancy and a strong NOI of $592,000, this stabilized Class B property features 46 units across 23,918 square feet on a 6.75-acre lot. Built in 1972 and extensively renovated in 2022, the single-story building benefits from an assumable HUD loan with a favorable 2.29% interest rate and a balance of $3,585,000. The property is Medicaid Waiver Certified, with 23% of residents currently utilizing the program, which recently saw a rate increase. The remaining 77% are private pay residents. Located an hour from Columbus, this facility presents a significant cash flow with a 9.55% cap rate, a $134,782.61 price per unit, and a $259.22 price per square foot. The asking price is $6,200,000. This well-maintained property offers a strong return on investment, making it an attractive addition to any portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $4,446,312

  6.5%

  $4,104,288

  7%

  $3,811,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,572,883

  Geo Method

  $2,572,883

• Alternative Use

  Use

  Valuation

  Residential

  $5,206,462

  Hospitality

  $4,769,092

  Educational

  $3,967,828

  Medical

  $4,104,288

  Retail

  $6,172,177

Location Insight

City

Cambridge

County

Guernsey

State

Ohio

Latitude

40.0495

Longitude

-81.5799

CBSA code

15740

CBSA name

CAMBRIDGE, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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