1401 Applewood Dr, Dalton, GA 30720-2699
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.