Medical Office Building with
For Sale
$1,300,000
169 Waterfront Way, Dalton, GA 30720
Commercial Sale, DALTON, GA
Property Size5,536 SF
Lot Size0.77 Acres
Price / SF$234.83
Days on Market78
Property Features for 169 Waterfront Way
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
13
Middle school district
13
High school district
13
Subdivision
5-Whitfield Co-SE
Standard status
Active
APN
13-067-49-000
Size
5,536 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2121
Amenities
dedicated billboard
ample signage
Building Details
Year built
1969
Floors in Building
1
Listing Agency:
Re/Max Select Realty · RE/MAX International
(706) 277-3434
Listed By:
Jason Burgin · License #380142
(706) 581-4155
Added: Jun 24
Changed: Aug 19
Last Checked: Sep 9 at 8:06PM
MLS# 135863
Copyright © 2026 Carpet Capital Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,536-square-foot medical office property was built in 1969 and is currently configured for a veterinary clinic. The floor plan includes office areas, abundant parking, exterior signage, and a dedicated billboard. The building previously operated as a restaurant, providing a documented commercial history and a layout that can accommodate varied business formats.
Positioned near I-75 and the Dalton Bypass, the property has visibility from both roadways. The site encompasses 0.77 acres at 169 Waterfront Way in Dalton, Georgia. An additional building at 139 Waterfront Way is also available, with the two properties totaling approximately 1.5 acres combined.
Positioned near I-75 and the Dalton Bypass, the property has visibility from both roadways. The site encompasses 0.77 acres at 169 Waterfront Way in Dalton, Georgia. An additional building at 139 Waterfront Way is also available, with the two properties totaling approximately 1.5 acres combined.
Key Highlights
- 5,536‑square‑foot medical office building on 0.77 acres
- Built in 1969 and currently configured for a veterinary clinic
- Visibility from I‑75 and the Dalton Bypass
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$948,920
$948.9K
Cap Rate 7%
$677,800
$677.8K
Cap Rate 9%
$527,178
$527.2K
Market Conditions
NOI Build-Up for 5,536 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$88.4K $15.96/SF
− Vacancy
−$9.3K −$1.68/SF
EGI
$79.1K $14.28/SF
− OpEx
−$31.6K −$5.71/SF
NOI
$47.4K $8.57/SF
Area
Whitfield County, GA
Vacancy
10.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$948,920
Cap Rate 7%
$677,800
Cap Rate 9%
$527,178
Alternative Uses
Best Use
Healthcare Medical
$677.8K
$593.1K – $790.8K
NOI $47,446 @ 7.0% cap · market cap 3.65%
Second Best
Office B
$649.6K
$568.4K – $757.8K
NOI $45,469 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$884.0K
$773.5K – $1.03M
NOI $61,883 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30720, GA
27,547
Population
10,731
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
48.6 sq mi
ZIP Area
567
Density / Sq Mi
$65,620
Median Household Income
$38,014
Median Earnings
$965
Median Rent
$225,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- My Kids Have Paws Veterinary Services — 169 Waterfront Way, Dalton, GA 30720
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible commercial layout with parking, office areas, and a dedicated billboard near I-75.
Where is this medical office space located?
The property is located at 169 Waterfront Way Dalton, GA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,536‑square‑foot medical office building on 0.77 acres; Built in 1969 and currently configured for a veterinary clinic; Visibility from I‑75 and the Dalton Bypass
