Building Details

Year built 1972

Floors in Building 1

Listing Agency: Coldwell Banker Kinard Realty - Dalton · Coldwell Banker Real Estate m***@kinardrealty.com Show Phone

Listed By: Bradley Nelson · License #160648 Show Phone

Added: Oct 30 Last Checked: Nov 1 at 4:06AM

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MLS# 136829

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.

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Investment Insights

Based on property information with market context.

A 5,294-square-foot medical office building on a 0.58-acre site, constructed in 1972, is fully leased. Its medical office use and existing occupancy define the property’s current configuration.

The building is directly across from Hamilton Medical Center at 1202 Cleo Way in Dalton, Georgia.

Key Highlights

• Fully leased medical office building
• 5,294 square feet on a 0.58‑acre site
• Built in 1972

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,372

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$907,440 $907.4K

Cap Rate 7%

$648,171 $648.2K

Cap Rate 9%

$504,133 $504.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,294 SF

Gross rent

$84.5K $15.96/SF

− Vacancy

−$8.9K −$1.68/SF

EGI

$75.6K $14.28/SF

− OpEx

−$30.2K −$5.71/SF

NOI

$45.4K $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 Rate 5%

$907,440

Cap Rate 7%

$648,171

Cap Rate 9%

$504,133

Alternative Uses

Best Use

Healthcare Medical

$648.2K

$567.2K – $756.2K (±1% cap)

NOI $45,372 @ 7.0% cap · market cap 4.56%

Second Best

Office B

$621.2K

$543.5K – $724.7K (±1% cap)

NOI $43,482 @ 7.0% cap · market cap 4.37%

Theoretical Best

Office A

$845.4K

$739.7K – $986.3K (±1% cap)

NOI $59,178 @ 7.0% cap · market cap 5.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Smith Michael S ... Dental Office Dr. Kudzai Chikwava Dental Office Patterson & Hughes Family ... Dental Office Weston Hughes Dental Office Scenic City Orthodontics Dental Office

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Kitchen & Bath Showroom Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,128

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - The property is fully leased and positioned directly across from Hamilton Medical Center.

Where is this medical office space located?

The property is located at 1202 Cleo Way Dalton, GA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Fully leased medical office building; 5,294 square feet on a 0.58‑acre site; Built in 1972