Senior Housing and Assisted Living Facilities for Sale in Texas
Active Adult, Independent Living, Assisted Living and Memory Care Facilities for Sale in Texas including Dallas, Fort Worth, San Antonio, Houston, and Austin
We aggregate all 16+ Unit senior housing, Independent Living, Assisted Living, and Memory Care facilities and businesses for sale throughout the United States. This information is updated every two weeks.
Haven Senior Investments is proud to present a 33,981 sq. ft. medical hospital building that was constructed in 2009. It was operated as a hospital under several different names until around 2019 when it was re-marketed as a medical office building. The first floor was reconfigured from a food service/patient service area to an office for a physician group. The current tenant’s lease will terminate soon and food service, patient waiting room, and emergency room area could easily be restored. The second and third floors comprise 23,824 sq.ft. and remain outfitted as hospital rooms (single and double occupancy) many rooms with furniture and fixtures remaining. Each room has a restroom and lavatory area, as well as a closet. There are valves in the walls of each room for oxygen plus two other features. Most all patient rooms are on the window walls of the building with support room facilities in the inner core of the floor. There are multiple nurse stations on each floor and a mail station on each with securable file cabinetry, monitoring screens for each room, and telephone lines. Each of the two floors has office rooms for support staff, x-rays, and other ancillary functions central to the support of a hospital environment. There is one public elevator and one freight elevator that service the three-story building. The building has an external stairway for fire protection as well as an internal sprinkler system and hoses on each floor. There are lockable doors that function to secure one-half of each floor separate from the other half. The condition of the flooring, walls, paint, ceilings, etc. would be considered exceptional considering the time it has sat without occupancy. The leasing market in this area has been such that the cost of converting the hospital rooms to office space was greater than could be justified by the office rental rate. This has contributed to the opportunity that is now at hand for the right operator. Modifications to ready the building for a new rehab or small hospital use would be far easier than any conversion of a building used previously for other purposes.
Haven Senior Investments is pleased to offer this lovely residential care facility located just north of Houston, Texas. Fully renovated by the current ownership in 2019, this Assisted Living has been lovingly appointed with warm and modern details, which make it feel like a cozy home. Currently operating at full capacity, the residents are all privately paid. The average monthly room rate is approximately $4,000 which we believe to be below market value, adding growth and upside potential to future revenue. NIC Map Vision Data indicates the strong market need for AL beds in the immediate local area.
• 18% cash-on-cash return with potential SBA financing.
• Fully staffed, including a licensed administrator.
• Current occupancy at 100%.
• Rural, boutique community – with room to expand.
• Serene and quiet location
• NIC Map / Vision data shows a strong need for AL beds in this growing market
ID#043192 Approximate Beds/Units: 23 Location: Ft. Worth
An associate firm is pleased to introduce an Assisted Living facility with a small class B license in Fort Worth TX. There are 23 beds and 100% occupancy. The Cap Rate is 10.05%The facility has a great reputation. Owner’s looking to retire after 27+ years.
ID#043191 Approximate Beds/Units: TBD Location: Sachse
An associate firm is pleased to introduce a 14,000-square-foot, 16-bed, Assisted Living Property located in Sachse, Texas. The Property is a stand-alone senior care development. The property is surrounded by both single and multi-family residential developments. The Property was constructed in 2023 and will be in operation soon. The facility has a brand new 16-year personally guaranteed absolute net lease with built-in base rent escalations every 5 years, including 3, 5-year renewal options. There is a strong tenant profile as the Facility’s Alzheimer’s Care is growing its successful concept and currently undergoing expansion across Texas. The facility is surrounded by a dense housing market with strong median household incomes of $105,898 within 5 miles of the property and a population of nearly 136,100 residents within 5 miles of the property.
ID#043190 Approximate Bed/Units: 49 Location: McKinney
An associate firm is pleased to introduce a stunning building spanning over 26,000 sq. ft on 2 acres of prime land in one of the fastest growing and most desirable cities, McKinney. There are many architectural features in this building including 49 rooms, conference rooms, offices, dining rooms, a reception office, a beautiful chapel, a game room with a pool table, leisure areas, and a high-quality commercial kitchen. This is a unique opportunity for an assisted living facility. The property is currently home to Adult Day Healthcare. There are 69 parking spaces including 9 covered parking spaces. The Property Type is Senior Living and is Class B. The Net Rentable rate is (sq ft) 26,016 and the price/Sq Ft is $115.31. There are 49 units and 49 beds. The year built was 1975 and the year renovated is 2022. It is a 1-story building.
ID#043188 Approximated Beds/Units: 40/28 Location: Houston
An associate firm is pleased to present this offering of a new assisted living and memory care development located in the Houston MSA. The site was originally planned for six buildings (five residential cottages and one community center), an assisted living and memory care campus providing a total of 70 units/100 beds. The current offering includes the completion of three buildings (two residential buildings and one community center) with a total of twenty-eight units and forty-four beds. The three buildings have a combined 26,979 square feet. The site is situated on approximately 5.43 acres and has improvements made to the grounds of concrete parking lots, driveways, and a detention pond. A new owner can continue with the cottage model or do one large two-story facility of independent, assisted living, or memory care. The facility is located near a subdivision with home prices ranging from $580,000 to $950,000. It is located on a well-traveled boulevard leading into three different parts of Houston MSA with several commercial and residential developments. The average household income within a one-mile radius is over $190,000. The population within a five-mile radius is over 190,000 residents. The 75 and older age cohort is over 9,500 residents (with a median income of over $44,000) and is projected to grow by 29 percent by 2026. This opportunity offers a buyer the ability to purchase a new assisted living and memory care development without the typical time frame of new development projects giving a quicker return on their investment. They can also either expand the campus as originally intended or with a larger building providing the opportunity for higher returns. The owner will also consider Lease-to-Purchase from qualified buyers.
ID#043187 Approximate Beds/Units: 20 Location: Memphis
An associate firm is pleased to introduce a 20+ bed Independent and assisted Living for sale. This is a cash-flowing independent and assisted living facility. The price is for the real estate and business. There is room to expand with an independent, assisted living, or memory care building. The seller currently operates this remotely and therefore does not plan to take any employees of the facility.
ID#043186 Approximate Beds/Units: 196 Location: Port Arthur
An associate firm is pleased to introduce a 78,460 SF former nursing home on 9.1 AC. There is access to Highway 73 and Interstate 10. It has been recently renovated with a new roof. The facility is for sale for $10,200,000(approx $130/SF). PROPERTY FACTS: The Building Size IS 78,460 SF; The Price Per Bed is $52,041; Number of Beds is 196; The Sale Type is Owner User; Number of Stories is 1; Property Type is Health Care; Year Built/Renovated was 2001/2020; Property Subtype is Continuing Care Retirement; Tenancy is Single; Building Class ” C”; Parking Ratio is 1.39/1,000 SF; Lot Size is 9.20 AC
ID#043185 Approximate Beds/Units: 80 Location: Waco
An associate firm is pleased to introduce a 22,204 SF Health Care Building in Waco, TX with 80 beds. PROPERTY FACTS: Price is $3,000,000; Lot Size is 9.20 AC; Price Per Bed is $37,500; Building Size is 22,204 SF; The Sale Type is Owner User; Number of Beds is 80; Property Type is Health Care; Number of Stories is 1; The Property Subtype is Assisted Living; The Year Built was 1971; Building Class is “C”; Parking Ratio is 1.5/1,000 SF
ID#043182 Approximate Beds/Units: 48 Location: Bowie
An associate firm is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) and business ownership in an Assisted Living and Independent Living community located in Bowie, TX. This is an opportunity for investors to acquire a 48-unit community with incredible upside as the building is only 75% occupied. The building has historically operated at 95% + occupancy but due to the Covid-19 pandemic, the building dropped to historical lows in occupancy in 2020 and 2021. With Covid-19 cases dwindling the building is starting to see an uptick in demand and move-ins. Forecasts from the senior housing capital markets signal strong confidence in achieving pre-COVID occupancy levels between the second half of 2022 and the end of 2023. The building is priced at an attractive $64 PSF which is 57% below the current replacement cost value! The investment is comprised of two separate buildings. The management team has been in place since 2013 and they were born and raised in Bowie, TX. This is a hometown, family-oriented environment that the residents and their family members love! Building 1 is a 28-unit, Assisted Living Facility located in Bowie, TX. The 28 units include 2 – two bedrooms, 15 – one bedrooms and 11 studio units. The facility is licensed for 36 beds so the upside is incredible as the building is only 58% occupied based on the total licensed bed count. The facility includes hardwood floors, spacious hallways, multiple living rooms, a therapy/exercise room, a beauty shop, an activity room, a library, and a charming sitting porch. The facility is tucked away in a middle-class, predominately residential area of Bowie close to shopping, medical offices & hospitals. Room and Board rental rates are $2,775 to $3,875/month, with level of care services ranging between an additional $500-$2,000. The building is currently 79% occupied based on the unit count. The 2nd bldg is a 20-unit Independent Living also located in Bowie, TX. This campus is caddy-corner to Bldg 1 making it convenient for management, staff, and visiting families. All 20 units are private studios. The studios have modern safety features in all bathrooms with individually controlled heating and air conditioning and large walk-in closets. This campus is a carpeted facility, with a dining room, activities room, spacious living room with a fireplace, and beauty shop. Room & board rental ranges from $2,325 to $2,775/month. Concierge services are available to residents at an additional cost of $500-$2,000/monthly. The building is currently 70% occupied based on unit count. Investment Highlights Opportunity to acquire the properties at 57% below current replacement cost value. True value add for investors as the buildings combined are only 70% occupied while demand is currently surging due to the dwindling Covid-19 pandemic. Market forecasts predict a lack of affordability in senior housing and repositioning existing communities to serve the middle market is a strong choice for investors. The nearest competitor is a 36-unit facility in Nocona, TX which is located 19.3 miles north of the subject property. Every unit comes with a FULL KITCHEN and residents are prepared three (3) MEALS PER DAY! (Great added amenity for these types of communities). Amenities include an inviting entrance, beautiful landscaping with a sitting porch, a library, traditional furniture in multiple large living rooms, several activity areas, a kitchen and dining room, a therapy/exercise room, and a beauty shop
ID#043181 Approximate Beds/Units: 120 Location: Jacksonville
An associate firm is pleased to introduce a 49,432 SF Health Care Building with 120 beds offered at $2,800,000 in Jacksonville, TX. This was a former licensed nursing facility located just east of the downtown area along one of three major thoroughfares in Jacksonville, Texas. It was conveniently developed less than 10 minutes from two major hospitals, UT Health Jacksonville and Christus Mother Frances Hospital. This is an excellent value-add opportunity for an investor or owner-operator to acquire the asset. It is positioned in a market with nearly 18% of the population above the age of 65 and a strong employee base with 11.8% of workers employed in the healthcare and social assistance industry, the second-highest labor sector in the area.
ID#043173 Approximate Beds/Units: 40 Location: Missouri City
An associate firm is pleased to introduce this excellent opportunity to purchase an existing Assisted Living Facility. This property consists of two approximately 6,630 sq. ft bldgs (total 13,265 sq.ft.) sitting on 1.9 Acres near Missouri City, TX. The two buildings are currently licensed by the state of Texas as Small Type B facilities. The facility is licensed for 40 Beds. It has 20 rooms for patients along with 3 flex bedrooms for overnight staff. All Furniture, Fixtures, and Equipment currently on site are included in the sale. The building was designed in such a way that each holds two separate licenses with a firewall and kitchen separating the “A” and “B” sides. The campus is immaculate with thousands spent on the landscaping package to make them feel inviting for families. Each building has a commercial-grade kitchen. The current average monthly rate per bed per month is $4,000. The location is away from the street and the gated nature of the facility allows for safety for patients and their families. In addition, it’s located in a strong submarket in terms of retail, residential housing, and schools.
ID#043170 Approximate Beds/Units: 28 Location: Livingston
An associate firm is pleased to introduce a 34,214 SF Health Care Building with 28 beds offered at $3,500,000 at a 6.50% Cap Rate in Livingston, TX. Currently, Polk County Tax Appraisal has a value of $4,000,000 +/-. The occupancy suffered from COVID so residents were consolidated into one Building. The Cap Rate does not foot currently; however, it is a Class A property suffering from low occupancy; however, that could change. It has not yet been chosen to load the facility with a majority of StarPlus Medicaid Residents. There is masonry construction, new roofs, and this is safe and secluded with good ingress/egress to a major highway. Heavy trees surround the property with a pond that backs the rear of Independent Living with +/- 1 acre of undeveloped land.
ID#043171 Approximate Beds/Units: 241 Location: Tomball
An associate firm is pleased to introduce a 10,190 SF Health Care Building with 241 beds offered at $3,820,000 at a 5.50% Cap Rate in Tomball, TX. There is an Absolute NNN Lease, fee simple ownership, and zero landlord responsibilities. The tenant has over 11.5 years of firm term remaining with 3 (5-year) option periods left to extend. The lease features 2% annual rental increases throughout the initial term and option periods, growing NOI, and hedging against inflation. The lease is personally guaranteed – tenant and guarantors are to report sales upon request. There is a well-known and established tenant.
ID#043168 Approximate Beds/Units: 16 Location: Conroe
An associate firm is pleased to introduce an excellent opportunity to own a fully licensed, fully operational, assisted living facility. This recently remodeled facility is licensed for 16 residents. In addition, 5 independent living cottages are currently rented (at the time of listing) and hookups are in place to add 7 more cottages. All are located on 10.46 beautiful acres with plenty of room for expansion. The property boasts a stocked pond with paved walking trails. The home has a recently installed Generac generator and has 8 private rooms, 4 semi-private rooms (double occupancy), large common areas both inside and out, a salon, dining room, two large shower rooms, on-site laundry facility, TV lounge, offices, and much more. There is easy access to FM 3083, FM 1485, HWY 105, and minutes from I-45.
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