±38,753 SF Assisted Living Facility | Columbus, GA

4500 S Stadium Dr, Columbus, GA 31909

Property Information

  • For Sale $2,875,000
  • Property Type Other
  • Property Size 38,753 SF
  • Units 48
  • Lot Size 5.47 Acre
  • Year Built 1958
  • Date Updated May 14, 2026

Description

-Columbus, Georgia is located approximately 100 miles southwest of Atlanta at the Fall Line, where the Piedmont plateau meets the Coastal Plain, giving the region both geographic distinction and strategic positioning. The city operates under a consolidated government structure, strengthening regional coordination and economic development efforts. Columbus’s economy is anchored by military, financial services, and healthcare sectors, with Fort Moore (formerly Fort Benning) serving as the area’s largest employer and supporting roughly 45,000 military and civilian personnel. The city is also home to major corporate headquarters including Aflac, TSYS, and Synovus, reinforcing its role as a regional financial hub. Healthcare is another key pillar, led by Piedmont Columbus Regional, which operates the largest acute care hospital in west Georgia and serves 21 surrounding counties. With a city population of approximately 206,922 and a metropolitan area exceeding 324,000, Columbus offers a sizable market while maintaining a cost of living well below both state and national averages, particularly in housing. The average home value is about $283,426, contributing to the area’s overall affordability. Among residents aged 75 and older, the average household income is $72,938 and average net worth exceeds $1.1 million, indicating a financially stable senior population. Combined with an identified unmet demand of 58 beds within a five-mile radius, these demographics highlight a clear opportunity for healthcare or senior housing development. Overall, Columbus stands out for its balance of affordability, strong corporate presence, and favorable senior demographics, positioning it as an attractive market for future investment in healthcare-related real estate.

Highlights

  • 20254 Weitz Replacement Cost (Construction cost only): $353/SF
  • Acquisition CAP Rate: 12.2%
  • Cash on Cash: 32.25%
  • CoStar Southeast Sold Comps: $233/SF; subject property at $74.05/SF
  • Debt Service Coverage Ratio: 1.88
  • Financial Highlights (5-Year Hold)
  • Forecast NOI: $395,694 (normalizing expenses to 75% of Gross Revenue)
  • Gross Revenue: $1,995,746 (Actual)
  • IRR: 73.54%
  • List Price: $2,875,000.00
  • Occupancy: 81.35% (Actual)
  • Projected Sales Year 5: $5.54 million
  • Property Highlights
  • Property Qualifies for a SBA 504 Loan: 25-year term, 85% LTC, and 5.856% interest
  • Revenue growth 5% per year
  • Sales proceeds after expenses: $3.39 million
  • Using Vacancy 22.5% Year 1, 15% Years 2-10

Contacts

Ernie Anaya, MBA

Bull Realty

Location

Contact Listing Broker
Ernie Anaya, MBA

Bull Realty

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