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    510 Reed Rd Dalton, GA 30720

    For Sale
    $4,900,000

    24-unit personal care home, 10% cap rate.

    Property size:
    19,213 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

    Property Features for 510 Reed Rd

    General Information

    Property type
    Retirement homes
    Square Feet
    19,213 SF
    Lot Size
    93,654 SF

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    1
    Units
    24

    HighLights

    • 24‑unit personal care home in Dalton, GA.
    • ±2.15‑acre lot with ±12,213 square feet of building area.
    • 100% occupancy.
    • Features an award‑winning vegetable garden.
    • Assisted Living Market Analysis available online.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pleasant Valley Personal ... Assisted Living Facility

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dalton
    County
    Whitfield
    State
    Georgia
    Longitude
    -84.974206887967
    Latitude
    34.806545298514

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    FAQs

    What type of property is this?
    Retirement home - 24-unit personal care home, 10% cap rate.
    Where is this retirement home located?
    The property is located at 510 Reed Rd Dalton, GA.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: 24-unit personal care home in Dalton, GA.; ±2.15-acre lot with ±12,213 square feet of building area.; 100% occupancy.
    (404) 876-1640
    Request Owner's contact information
    510 Reed Rd Dalton, GA 30720
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    Dalton, GA 30720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    510 Reed Rd Dalton, GA 30720
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