1401 Applewood Dr Dalton, GA 30720
- Medical offices
- 7,332 SF
- 0.60 lot acres
Current Use by Public Records
- Enhanced Family Physio / Physical Therapist
- Whitfield County Human Resources / Mental Health Service
- Day Terry L / Counselor
- Highland Rivers Health / Corporate Office
- Srinivas Kolipaka / Psychiatrist / Health Care Facility
Property Details for 1401 Applewood Dr
- Year built
- 1970
- Lot size
- 0.60 lot acres
- Property size
- 7,332 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 12-184-01-051
- APU
- 1218401051
Description
This exceptional 7,200 square foot medical office building, situated on a 0.6-acre lot in Dalton, Georgia's Hamilton Medical Campus, presents a compelling investment opportunity. Built in 1970 and extensively renovated in 2022, this Class B property boasts six suites, currently 100% occupied by medical providers, offering a strong NOI of $91,724 and a 7.71% cap rate. The asking price is $1,190,000 ($162.30/sq ft). The building features a newly painted exterior, updated suites, ample parking (30 spaces), and convenient access to Hamilton Medical Center, Peeples Cancer Center, and Anna Shaw Children's Institute. Each suite can function independently or be interconnected, providing flexibility for various medical practices. Amenities include a reception and lobby area, storage/records room, treatment rooms, two restrooms, and a breakroom. The property is zoned commercial and operates under a NNN lease structure with rent bumps included. This owner-user investment is ideal for a medical practice seeking a turnkey operation or an investor looking for a high-performing asset in a thriving medical hub. The property's location within the Hamilton Medical Campus ensures high visibility and accessibility for patients and staff.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,065,000
- 6.5%
- $1,095,000
- 7%
- $1,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $995,000
- Geo Method
- $1,045,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,010,000
- Retail
- $875,000
- Mixed-Use
- $1,005,000
- Hospitality
- $890,000
- Educational
- $1,010,000
- Residential Income
- $1,120,000
- Energy
- $1,055,000
- Income-Based Land
- $1,150,000
- Food Service
- $1,085,000
Location Insight
- Map
- Local Demand
- City
- Dalton
- County
- Whitfield
- State
- Georgia
- Longitude
- -84.9878
- Latitude
- 34.7883
- CBSA code
- 19140
- CBSA name
- DALTON, GA METROPOLITAN STATISTICAL AREA
