10171 Papa George St - Senior Housing FOR SALE


Daphne, AL 36526
$5,250,000 USD
251-979-9198
10171 Papa George St, Daphne, AL for Sale
$5,250,000 USD
Senior Housing - FOR SALE
1/58
null | 10.17% Cap Rate

10171 Papa George St
Daphne, AL 36526


HIGHLIGHTS

  • Thirty-unit Independent Living Facility located on a 1.5 acre corner site in Daphne, AL (Baldwin County) and in prestigious Historic Malbis
  • Converted from an Assisted Living Facility on May 1, 2025 | Operating revenue for 2025 is projected to be $920,000 with a NOI of $283,000
  • Stabilization above 90% occupancy projected by the end of 2025 | Upon stabilization, revenue is projected to be $1,100,000 with a NOI of $534,000
  • Garden Studio Unit @ 445 SF (12 Units) - $2,750/month; Garden Suite Units @ 557 SF (18 Units) - $3,250/month
  • Baldwin County is the second fastest growing county in Alabama and the seventh fastest growing metro area in the US
  • Daphne-Fairhope-Foley, AL is the 6th fastest growing MSA in the US based on 2023-2024 population

OVERVIEW

The Niel Group is pleased to exclusively present Baldwin House (https://baldwinhouseresidences.com/), a thirty-unit independent living facility located in Daphne, AL (Baldwin County). Baldwin House is ideally located just south of Interstate 10 off of the Spanish Fort/Hwy 181 exit in the prestigious Historic Malbis community. Situated on a 1.5-acre corner site, Baldwin House was built in 2000, has 23,124 SF under roof, and offers its residents a unique and enjoyable independent living experience. Equipped with garden studio and garden suite units, a commercial kitchen, dining hall, wellness and activities program, and staff to handle all of residents’ needs, Baldwin House is a full-service facility that allows its residents to live their desired lives. Management converted operations from a 44-bed assisted living facility to an independent living facility on May 1, 2025 to better align with market demand dynamics and increase profitability. Having achieved more than 43% occupancy as of 6/1/25, Baldwin House is well positioned to reach stabilization by the end of 2025. Operating revenue for 2025 is projected to be $920,000 with a NOI of $283,000. Upon stabilization, revenue is projected to be $1,100,000 with a NOI of $534,000. Home to the Eastern Shore of Mobile Bay and 32 miles of beaches that line the Gulf of America, Baldwin County is the second fastest growing county in Alabama and the seventh fastest growing metro area in the US. Daphne-Fairhope-Foley, AL is the 6th fastest growing MSA in the US based on 2023-2024 population growth of 3% and is the 7th fastest growing MSA in the US based on 2010-2020 population growth of 27.2%.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$227 USD /SF

CAP RATE

10.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baldwin House | 30-Unit Independent Living

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Senior Housing

ADD'L SUBTYPES

Continuing Care Retirement Com, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

B-2 (General Business)

APN/PARCEL ID

05-32-07-35-0-000-001.148

ASK ABOUT THIS PROPERTY

Lance NielREMAX of Orange BeachMore Info
251-979-9198

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Lance NielREMAX of Orange BeachMore Info
251-979-9198

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.