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

For Sale

2115 Point Mallard Dr SE, Decatur, AL 35601

This Decatur property for sale is located at 2115 Point Mallard Dr SE. The current listed sale price for ±33,906 SF Assisted Living Facility | Decatur, AL is $3,800,000. ±33,906 SF Assisted Living Facility | Decatur, AL is situated on a lot that is 2.97 acre in size.

Contacts

Ernie Anaya, MBA

Bull Realty

Property Details

  • Property Type Other
  • Property Size 33,906 SF
  • Units 49
  • Lot Size 2.97 Acre
  • Year Built 1999
  • Date Updated May 20, 2026
This property is located in 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.
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Highlights

  • 2024 Weitz Replacement Cost (Construction cost only): $273/SF
  • Acquisition CAP Rate: 12.3%
  • Average Home Value: $361,052.
  • Average Household Income (Age 75+): $70,747
  • Average Net Worth (Age 75+): $1,696,281.
  • Cash on Cash: 33.16%
  • CoStar Southeast Sold Comps:$233/SF
  • Debt Service Coverage Ratio: 1.9
  • FINANCIAL HIGHLIGHTS (5-Year Hold)
  • Forecast NOI: $543,602 (normalizing expenses to 75% of Gross Revenue)
  • Gross Revenue: $2,174,408 (Actual)
  • IRR: 83.11%
  • List Price: $3,800,000
  • Occupancy: 70.5% November (Actual)
  • Projected Sales Year 5: $9.5 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: $6.3 million
  • STRONG MARKET

Attachments

Getting around

  • 27/100

    Walk Score ®

  • 48/100

    Bike Score ®

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Location

  • City Decatur, AL
  • Zip Code 35601
  • Market Huntsville

Points of Interest

  • Wally's

    0.41 miles

  • Walmart

    1.39 miles

  • Fuel station

    1.71 miles

  • Kroger

    2.42 miles

  • Shell

    3.00 miles

  • Murphy USA

    3.39 miles

  • James's Food Mart

    3.54 miles

  • Mapco

    4.14 miles

  • Texaco

    4.19 miles

  • Lot 19C

    3.62 miles

  • Lot 19A

    3.63 miles

  • Lot 19B

    3.64 miles

  • Lot 20B

    3.73 miles

  • Lot 17A

    3.78 miles

  • Lot 20A

    3.79 miles

  • Lot 15A

    3.82 miles

  • Lot 16B

    3.85 miles

  • Lot 16A

    3.89 miles

  • Lot 14A

    3.94 miles

  • DoubleTree

    1.75 miles

  • Fairfield Inn & Suites

    1.82 miles

  • Econo Lodge

    2.31 miles

  • Home2 Suites by Hilton Decatur Ingalls Harbor

    2.95 miles

  • La Quinta Inn Decatur

    3.37 miles

  • Baymont Decatur

    3.50 miles

  • Quality Inn Decatur River City

    3.79 miles

  • Hampton Inn Decatur

    3.80 miles

  • Sleep Inn & Suites

    3.91 miles

  • Best Western

    4.10 miles

  • Walmart Neighborhood Market

    1.47 miles

  • Target

    2.45 miles

  • Ross

    2.48 miles

  • Kroger

    2.50 miles

  • Coop

    3.18 miles

  • Walmart Supercenter

    3.34 miles

  • ALDI

    3.66 miles

  • Publix

    3.73 miles

  • Decatur Mall

    3.76 miles

  • Foodland

    5.89 miles

Contact Listing Broker
Ernie Anaya, MBA

Bull Realty

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