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625 Barbara Drive 6,751 SF Health Care Building Offered at $1,750,000 at a 25% Cap Rate in Grants Pass, OR 97526
Investment Highlights
- Fully licensed 15-bed Residential Care Facility
- 2025 verified NOI of $255,787 (14.62% cap) with clear upside path
- Strong private-pay revenue mix with stable referrals
- 17.19% projected 2026 cap rate with 14th bed recently added
- One remaining bed = $50K revenue upside to 19.76% cap at full occupancy
- Situated on 7.95 private, park-like acres
Executive Summary
Current operations reflect stabilized performance following recent reimbursement rate increases and a payer mix shift. Verified trailing twelve-month revenue reflects approximately $975,000 in annual gross income, with operating expenses remaining largely consistent, resulting in net operating income of approximately $520,000.
The facility benefits from a fixed-cost operating structure, with incremental revenue flowing primarily to the bottom line. Financial performance reflects actual in-place operations, not pro forma or projected assumptions.
The property is situated on approximately 7.95 park-like acres just outside Grants Pass and includes approximately 8,001 square feet with private caregiver quarters. The sale includes both real estate and an operating business.
Detailed financials, including supporting documentation and normalized operating results, are available with an executed NDA.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Wheelchair Accessible
- Smoke Detector
- Backup Power / Generators
About 625 BARBARA DRIVE , GRANTS PASS, OR 97526
Forest Meadows Residential Care Facility is a fully licensed 15-bed residential care facility currently operating at 100% occupancy with all licensed beds filled. Operations are stabilized, and financial performance reflects in-place revenues and expenses rather than projections. Trailing twelve-month operations reflect approximately $975,000 in annual gross revenue with operating expenses of approximately $454,754, resulting in net operating income of approximately $520,246. At the $1,750,000 asking price, this represents a 29.73% cap rate based on verified operating performance. The facility benefits from a fixed-cost operating structure, allowing incremental revenue to flow primarily to the bottom line as rates and occupancy have increased. Recent reimbursement rate adjustments and payer mix changes are fully implemented and reflected in current financials. The property is situated on approximately 7.95 acres just outside Grants Pass and includes approximately 8,001 square feet, including private caregiver quarters. The sale includes the real estate, licensed operating business, and established care model, including cannabis-focused treatment protocols where permitted. Detailed financials and supporting documentation are available with an executed NDA.
Room Mix Information
| Description | No. Beds |
|---|---|
| Licensed Care Facility | 15 |
Property Taxes
| Parcel Number | R317805 | Total Assessment | $761,460 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Presented by
625 Barbara Drive
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