Medical Office Building with
For Sale
$1,900,000
1421 Ross Dr, Dalton, GA 30720
Medical office building configured into four suites for healthcare or professional use.
Property Size8,000 SF
Price / SF$237.50
Days on Market61
Property Features for 1421 Ross Dr
General Information
Standard status
Active
Size
8,000 SF
Zoning
C-1
Additional Details
Office Units
4
Listing Agency:
eXp Commercial
Listed By:
Andrea Nicole · License #363067
(888) 330-6881
Source:
Expcommercial
Added: Jul 7
Changed: Sep 4
Last Checked: Sep 5 at 3:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
This medical office building totals approximately 8,000 square feet and is configured into four medical office suites. The layout is suited for established healthcare operations or professional services where individual suite occupancy is desired.
The property is located directly across from Anna Shaw Children's Institute and positioned just behind Hamilton Medical Center, placing it within Dalton’s medical office corridor with convenient patient access and parking.
With four separate suites, the building can support an owner-user that occupies part of the space while generating rental income from the remaining suites, or serve as an investment property for a healthcare-focused portfolio.
The property is located directly across from Anna Shaw Children's Institute and positioned just behind Hamilton Medical Center, placing it within Dalton’s medical office corridor with convenient patient access and parking.
With four separate suites, the building can support an owner-user that occupies part of the space while generating rental income from the remaining suites, or serve as an investment property for a healthcare-focused portfolio.
Key Highlights
- Approx. 8,000 SF medical office building built in 1989
- Configured into four medical office suites
- Located directly across from Anna Shaw Children's Institute
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
$68,564
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
3.61%
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%
$1,371,280
$1.4M
Cap Rate 7%
$979,486
$979.5K
Cap Rate 9%
$761,822
$761.8K
Market Conditions
NOI Build-Up for 8,000 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
$127.7K $15.96/SF
− Vacancy
−$13.4K −$1.68/SF
EGI
$114.3K $14.28/SF
− OpEx
−$45.7K −$5.71/SF
NOI
$68.6K $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%
$1,371,280
Cap Rate 7%
$979,486
Cap Rate 9%
$761,822
Alternative Uses
Best Use
Healthcare Medical
$979.5K
$857.1K – $1.14M
NOI $68,564 @ 7.0% cap · market cap 3.61%
Second Best
Office B
$938.7K
$821.3K – $1.10M
NOI $65,707 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,426 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,079
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building configured into four suites for healthcare or professional use.
Where is this medical office space located?
The property is located at 1421 Ross Dr Dalton, GA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Approx. 8,000 SF medical office building built in 1989; Configured into four medical office suites; Located directly across from Anna Shaw Children's Institute
