510 Reed RdDalton, GA 30720

  • Healthcare properties
  • 12,213 SF
For Sale
$4,900,000 View listing

Property Details for 510 Reed Rd

Year built
1989
Construction
WOOD
Lot size
2.15 AC
Property size (Sq ft)
12,213 SF
Property type
Healthcare properties
Property subtype
Assisted living facilities
APN
12-123-15-000
APU
1212315000

Description

This exceptional 24-unit personal care home, situated on 2.15 acres in Dalton, Georgia, presents a compelling investment opportunity. The 19,213 square foot facility boasts a 100% occupancy rate and a strong net operating income (NOI) of $490,121, yielding a 10% capitalization rate on the $4,900,000 asking price. Built in 1989, the single-story building features 24 beds (6 spacious suites and 18 studios), each with a private porch overlooking landscaped grounds. Amenities include a gated community with video cameras, an award-winning vegetable garden, walking paths, and a gazebo. Additional features include a roughly 7,000 square foot basement with garages and storage, and an approximately 11,100 square foot staff apartment. An unfinished basement area offers potential for expansion, perhaps into an activity room. The property is zoned R-7 and is conveniently located near I-75, offering easy access to Atlanta and Chattanooga. Market analysis indicates a significant projected increase in demand for assisted living units in the area, making this a stable and potentially appreciating asset. The property generates a gross annual income of $921,600. The average cost of assisted living in Dalton is $3,100 per month. Detailed financial information is available upon request. This is a rare opportunity to acquire a high-performing, fully occupied senior care facility in a growing market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,524,983
    6.5%
    $2,330,754
    7%
    $2,164,271
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,287,782
    Geo Method
    $2,739,608
  • Alternative Use

    Use
    Valuation
    Residential
    $2,956,659
    Hospitality
    $2,708,284
    Educational
    $2,253,260
    Medical
    $2,330,754
    Retail
    $3,505,072
510 Reed Rd, Dalton, Georgia

Location Insight

City
Dalton
County
Whitfield
State
Georgia
Latitude
34.8065
Longitude
-84.9735
CBSA code
19140
CBSA name
DALTON, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,085
$27,993
$381,764
$409,757
-
$69,983
$954,411
$1,024,394

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