Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1502 Thornton Ave Dalton, GA 30720-3064
    Back to Search
    Property profile & analytics

    1502 Thornton Ave, Dalton, GA 30720-3064

    View on Map
    • Medical Office Space
    • 12,122 SF
    • 1.09 lot acres
    Off-Market
    Last Sale Oct 6, 2022
    $8,100,000
    Property ID
    US22-0832652
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,935,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dalton Imaging / Medical Clinic
    • John C. Church, MD / Physician / Medical Clinic

    Property Details for 1502 Thornton Ave

    Year built
    1990
    Construction
    WOOD
    Lot size
    1.09 lot acres
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    12-160-50-000
    APU
    1216050000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 6, 2022 — Chestnut Dalton Mob LLC Church Family Limited Partnership Quit Claim Deed · related —
    Oct 6, 2022 $8,100,000 Chestnut Dalton Mob LLC Church Family Limited Partnership Limited Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,705,000
      ML approach
      $7,835,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dalton
    County
    Whitfield
    State
    Georgia
    Longitude
    -84.9827
    Latitude
    34.7934
    CBSA code
    19140
    CBSA name
    DALTON, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,545
    $69,654
    $468,782
    $538,436
    -
    $174,135
    $1,171,954
    $1,346,089

    Comparable in this City

    • Value Estimation
      $4,535,000
      39,664 SF

      Professional Blvd

      MEDICAL BUILDING
      Professional Blvd, Dalton, GA 30720
      View Details
    • Value Estimation
      $1,245,000
      5,856 SF

      1505 Professional Ct

      MEDICAL BUILDING
      1505 Professional Ct, Dalton, GA 30720-2500
      View Details
    • Value Estimation
      $7,995,000
      9,800 SF

      1506 Thornton Ave

      MEDICAL BUILDING
      1506 Thornton Ave, Dalton, GA 30720-8515
      View Details
    • Value Estimation by Request
      6,103 SF

      715 Thornton Ave

      MEDICAL BUILDING
      715 Thornton Ave, Dalton, GA 30720-8213
      View Details
    • Value Estimation
      $535,000
      5,824 SF

      1205 Walnut Ave

      MEDICAL BUILDING
      1205 Walnut Ave, Dalton, GA 30720-3958
      View Details
    • Value Estimation by Request
      3,281 SF

      1400 Dug Gap Rd

      MEDICAL BUILDING
      1400 Dug Gap Rd, Dalton, GA 30720-5007
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Retail Outparcel with Long-Term Lease

      Highly visible outparcel in a grocery-anchored shopping center, leased through 2033 with convenient multi-point access.
      1302 W Walnut Ave, Dalton, GA 30720
      View Details
    • Contact for pricing
      Pending

      Personal Care Home Facility

      100% occupied, 24-unit licensed Personal Care Home Facility for sale.
      510 Reed Rd, Dalton, GA 30720
      View Details
    • Contact for pricing
      23,120 SF

      Assisted Living Facility For Sale

      23,120 SF assisted living facility in Dalton, Georgia.
      2470 Dug Gap Rd, Dalton, GA 30720
      View Details
    • $3,999,990

      Dalton Personal Care Home Facility

      24-unit personal care home in Dalton, GA, 90%+ occupied.
      510 Reed Rd, Dalton, GA 30720
      View Details
    • $1,099,000
      Pending

      Dalton Office/Warehouse on 2.84 Acres

      Remodeled office and warehouse on 2.84 acres in Dalton.
      3239 S Dixie Hwy, Dalton, GA 30720
      View Details
    • $890,337
      5,408 SF

      Fully Leased Dalton Investment Opportunity

      Leased commercial property near courthouse with strong NOI.
      219 W Crawford St, Dalton, GA 30720
      View Details

    Similar Nearby for Lease

    • $3,500 /Mo
      5,000 SF

      Dalton Office/Warehouse Space Available

      Move-in ready office and warehouse space for lease.
      409-A N Park Dr, Dalton, GA 30720
      View Details
    • $14,500 /Mo
      32,000 SF

      Dalton, GA Commercial Space

      Well-maintained 32,000 SF office space in a secure location.
      3331 Box Dr, Dalton, GA 30720
      View Details
    • $2,500 /Mo

      Office Suite Near Dalton College

      Second-floor office suite with private offices and reception area.
      800 College St, Dalton, GA 30720
      View Details
    • $1,500 /Mo
      2,127 SF

      Office/Warehouse Space in Dalton, GA

      Office and warehouse space available for lease in Dalton.
      2450-7 Abutment Rd, Dalton, GA 30720
      View Details
    • $22 SF/Yr

      Office Space with Mountain Views

      Office space for lease with views and walking path.
      475 Reed Rd NW, Dalton, GA 30720
      View Details
    • Contact for pricing
      32,000 SF

      Well-Maintained Office Warehouse

      Dry warehouse building with tall ceilings, offering practical office space in a convenient, secure setting.
      3331 Box Dr, Dalton, GA 30720
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1502 Thornton Ave
    Dalton, GA 30720-3064
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1502 Thornton Ave, Dalton, GA, 30720
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!