Assisted Living Care Facility — Sale in Aberdeen, MD

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Aberdeen, MD 21001
  • Year built: 1895

Photos

Assisted Living Care Facility — Sale in Aberdeen, MD, photo 1 of 6
Assisted Living Care Facility — Sale in Aberdeen, MD, photo 2 of 6
Assisted Living Care Facility — Sale in Aberdeen, MD, photo 3 of 6
Assisted Living Care Facility — Sale in Aberdeen, MD, photo 4 of 6
Assisted Living Care Facility — Sale in Aberdeen, MD, photo 5 of 6
Assisted Living Care Facility — Sale in Aberdeen, MD, photo 6 of 6

Investment Figures

Cap rate
9.74%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a compelling value-add senior housing opportunity at 41 E Bel Air Avenue in Aberdeen, Maryland — a 16-bed assisted living facility with an established 26-year operating history, an 80 percent private-pay revenue mix, and substantial embedded upside for an investor or owner-operator prepared to execute a disciplined repositioning strategy. The asset currently operates at approximately 65 percent occupancy on in-place net operating income of $171,843. Occupancy is the single largest driver of near-term value creation. A focused lease-up to 90-percent-plus occupancy — supported by targeted facility improvements and a professionalized care and marketing program — is projected to grow effective gross income from $420,874 to $550,310 and net operating income to $237,325. Notably, this stabilized figure is achieved after fully absorbing the cost of a dedicated on-site managing director; the revenue base supports institutional-grade, in-house operational oversight while still delivering a strong stabilized yield, rather than treating that role as a hypothetical add-back. The repositioning thesis is reinforced by pricing power within the existing bed count. In-place rents average $4,046 per bed per month against a market supported potential of $4,529 — an 11.9 percent lift — driven primarily by the continued conversion of Medicaid beds to higher-margin private pay. Recent capital investment, including a new elevator (2022) and a full roof replacement (2023), reduces near-term deferred-maintenance exposure and allows new ownership to direct capital toward income-producing upgrades rather than base building systems. Beyond stabilization, the 0.90-acre parcel and previously approved plans support a further increase in bed count through ground-up development, at an estimated cost of approximately $400,000. This additional capacity has the potential to roughly double the facility's income and materially reset stabilized value, layering a t

Market Context

This commercial property in Aberdeen, MD is listed for sale. It is offered at an approximate 9.7% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1895. Compare it against other commercial property listings for sale in Aberdeen, MD — view the full market.

Contact

Explore this market

Similar Business for Sale in Maryland