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    The Largest CRE Database in the US with Over 1 Million Listings

    3950 S Dixie Hwy Dalton, GA 30721

    Sponsored
    For Sale
    $899,000

    Combination, 3+ Buildings,1 Double Wide Mobile Home - DALTON, GA

    Property size:
    7,395 SF
    Lot size:
    2.02 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 18 at 2:06 am

    Property Features for 3950 S Dixie Hwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RES HD
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    16
    Bathrooms
    12
    APN
    13-116-01-000
    Parking features
    None
    Interior features
    Ceiling Fan(s), Smoke Detector
    Exterior features
    Storage Building, Other-see Remarks
    Appliances
    Dishwasher, Range, Washer
    Size
    7,395 SF
    Lot size
    2.02 Acres

    Utilities

    Heating system
    Central, Wall Furnace
    Cooling system
    Central Air, Multi Units, Window Unit(s)

    Building Details

    Floors in Building
    1
    Number of units
    11
    Flooring type
    Vinyl
    Building materials
    Masonite, Vinyl Siding
    Roof type
    Flat, Metal
    Architectural style
    Other
    Additional Structures
    See Remarks, Storage

    We can help!

    Listing Contact
    Drew McAllister

    Selling North Georgia Realty (706) 271-6549

    Listing agent Drew McAllister (706) 271-6549

    Listing date Feb 16, 2026

    MLS# 133897 Listing URL

    Copyright © 2026 Carpet Capital Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Multifamily Investment Opportunity in Dalton

    This multifamily property on South Dixie Highway in Dalton, Georgia, presents a value-add opportunity. The property features 11 income-producing units situated on 2.02 acres, offering strong in-place cash flow and potential for expansion. All units underwent extensive remodeling between 2024 and 2025, reducing near-term capital expenditure needs. New roofs were installed on the houses in 2022 and on the apartments in 2024. The property was upgraded from a septic system to city sewer, including a heavy-duty pump station and new piping designed to accommodate future expansion. The site has been rezoned from R-6 to R-7 High Density Residential. A preliminary plan is in place to add six additional 600-square-foot units, potentially increasing the total number of units to 17 while adhering to zoning density requirements. The gross income for the past 12 months is approximately $93,547.29. The property size is 7395 square feet. Detailed financials and documented capital improvements are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Department Store Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dalton
    County
    Whitfield
    State
    Georgia
    Longitude
    -84.980561
    Latitude
    34.6700942

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    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily property with expansion potential in Dalton, Georgia.
    Where is this apartment building located?
    The property is located at 3950 S Dixie Hwy Dalton, GA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Value-add multifamily opportunity with 11 income-producing units and expansion potential to 17 units.; - Recently rezoned to R-7 High Density Residential, allowing for six additional units.; - All units extensively remodeled in 2024–2025, minimizing near-term capital expenditures.
    (706) 271-6549
    Request Owner's contact information
    3950 S Dixie Hwy Dalton, GA 30721
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    Dalton, GA 30721
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    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
    3950 S Dixie Hwy Dalton, GA 30721
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    We can help!
    Listing Contact
    Drew McAllister
    (706) 271-6549 (706) 581-9288
    Learn more
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