1401 Applewood DrDalton, GA 30720

Property Details for 1401 Applewood Dr

Year built

1970

Lot size

0.60 AC

Property size (Sq ft)

7,332 SF

Property type

Medical offices

Property subtype

Medical centers

APN

12-184-01-051

APU

1218401051

Description

This exceptional 7,200 square foot medical office building, situated on a 0.6-acre lot in Dalton, Georgia's Hamilton Medical Campus, presents a compelling investment opportunity. Built in 1970 and extensively renovated in 2022, this Class B property boasts six suites, currently 100% occupied by medical providers, offering a strong NOI of $91,724 and a 7.71% cap rate. The asking price is $1,190,000 ($162.30/sq ft). The building features a newly painted exterior, updated suites, ample parking (30 spaces), and convenient access to Hamilton Medical Center, Peeples Cancer Center, and Anna Shaw Children's Institute. Each suite can function independently or be interconnected, providing flexibility for various medical practices. Amenities include a reception and lobby area, storage/records room, treatment rooms, two restrooms, and a breakroom. The property is zoned commercial and operates under a NNN lease structure with rent bumps included. This owner-user investment is ideal for a medical practice seeking a turnkey operation or an investor looking for a high-performing asset in a thriving medical hub. The property's location within the Hamilton Medical Campus ensures high visibility and accessibility for patients and staff.

• CAP approach

  CAP return

  Valuation

  6%

  $1,550,750

  6.5%

  $1,431,462

  7%

  $1,329,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,194,309

  Geo Method

  $1,430,180

• Alternative Use

  Use

  Valuation

  Residential

  $1,775,012

  Hospitality

  $1,625,902

  Educational

  $1,352,731

  Medical

  $1,399,254

  Retail

  $2,104,248

Location Insight

City

Dalton

County

Whitfield

State

Georgia

Latitude

34.7883

Longitude

-84.9878

CBSA code

19140

CBSA name

DALTON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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