Storefront Building with Drive-In
For Sale
$1,590,000
70a Memorial Drive, Dahlonega, GA 30533
Commercial Sale, Dahlonega, GA
Property Size5,000 SF
Lot Size0.59 Acres
Price / SF$318
Days on Market1445
Property Features for 70a Memorial Drive
General Information
Property type
Residential
Property subtype
Retail
Zoning
Comm
Parking
20
Parking features
Parking Lot
Window features
Display Window(s)
Interior features
Restrooms
Accessibility
Accessible Approach with Ramp
Lot features
Free Standing, Level
View
City
Directions
GPS
Standard status
Active
APN
D11 155
Size
5,000 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
6000
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
open floorplan
drive-in storage
ample parking
city water and sewer
commercial-grade electrical
natural gas
streetlights
sidewalks
high-speed internet
Building Details
Year built
1980
Floors in Building
1
Flooring type
Laminate
Building materials
Block, Brick 3 Sides
Roof type
Flat
Listing Agency:
Dover Realty & Investments, Inc.
(706) 864-2600
Listed By:
Victor Dover · License #145426
(706) 864-2600
Added: Sep 15, 2022
Changed: Aug 19
Last Checked: Aug 29 at 2:06AM
MLS# 7115164
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property includes a 5,000+/- square foot main level with an open floorplan, restrooms, laminate flooring, central heating, and central air. The space was recently used for retail and professional business purposes and is accompanied by an additional 5,000+/- below-level storage area with drive-in access from the main level. Block construction, brick on three sides, and a flat roof complete the building improvements.
The property occupies 0.59+/- acres at 70a Memorial Drive in downtown Dahlonega, with the building oriented toward the street and parking across much of the concrete-covered tract. Sidewalk frontage provides walking access toward Dahlonega's Downtown Public Square and the University of North Georgia. City water and sewer, commercial-grade electrical service, natural gas, streetlights, sidewalks, and high-speed internet serve the property. Wells Fargo Bank, Georgia Farm Bureau Insurance, Stringer Insurance Agency, Captain D's, Domino's, Chic-fil-A, Zaxby's, and Truist Bank are identified as neighboring businesses.
The property occupies 0.59+/- acres at 70a Memorial Drive in downtown Dahlonega, with the building oriented toward the street and parking across much of the concrete-covered tract. Sidewalk frontage provides walking access toward Dahlonega's Downtown Public Square and the University of North Georgia. City water and sewer, commercial-grade electrical service, natural gas, streetlights, sidewalks, and high-speed internet serve the property. Wells Fargo Bank, Georgia Farm Bureau Insurance, Stringer Insurance Agency, Captain D's, Domino's, Chic-fil-A, Zaxby's, and Truist Bank are identified as neighboring businesses.
Key Highlights
- 5,000+/- SF storefront with an open floorplan
- Additional 5,000+/- below‑level drive‑in storage
- 0.59+/- acre tract with parking across most of the concrete‑covered site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,327
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,406,540
$1.4M
Cap Rate 7%
$1,004,671
$1.0M
Cap Rate 9%
$781,411
$781.4K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$109.8K $21.96/SF
− Vacancy
−$9.3K −$1.87/SF
EGI
$100.5K $20.09/SF
− OpEx
−$30.1K −$6.03/SF
NOI
$70.3K $14.07/SF
Area
Lumpkin County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,406,540
Cap Rate 7%
$1,004,671
Cap Rate 9%
$781,411
Alternative Uses
Best Use
Retail
$1.00M
$879.1K – $1.17M
NOI $70,327 @ 7.0% cap · market cap 4.42%
Second Best
Warehouse
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,838 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 30533, GA
26,589
Population
11,047
Households
2.4
Avg Household Size
40
Median Age
31%
College-Educated
88%
High-School Grad
242.9 sq mi
ZIP Area
109
Density / Sq Mi
$70,417
Median Household Income
$31,105
Median Earnings
$1,080
Median Rent
$270,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- La Fleur Flowers and Botanicals — 40b Public Square S, Dahlonega, GA 30533
Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial layout with public utilities, central HVAC, parking lot, and an accessible approach ramp.
Where is this storefront property located?
The property is located at 70a Memorial Drive Dahlonega, GA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 5,000+/- SF storefront with an open floorplan; Additional 5,000+/- below‑level drive‑in storage; 0.59+/- acre tract with parking across most of the concrete‑covered site
