New Construction
For Sale
$315,000
Pending
Lot 1 Wendell St, Dalton, GA 30721
Two matching residences feature contemporary finishes and complete kitchen appliance packages.
Property Size1,560 SF
Days on Market10
Property Features for Lot 1 Wendell St
General Information
Standard status
Pending
Size
1,560 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Keller Williams Heritage
(706) 459-3107
Listed By:
Miguel Montoya
(706) 537-9331
Source:
Exprealty
Added: Aug 26
Changed: Sep 3
Last Checked: Sep 3 at 2:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Heritage
Investment Insights
Based on property information with market context.
This planned duplex will contain 1,560 square feet with two matching residences, each offering two bedrooms and one full bathroom. Contemporary interior finishes and a complete kitchen appliance package are planned for both units, creating consistent layouts across the property.
The building is scheduled for completion in approximately 4–6 months and will be situated on a wide, level lot at Lot 1 Wendell St in Dalton, Georgia. Road-facing placement provides direct street exposure for the residential income property.
The building is scheduled for completion in approximately 4–6 months and will be situated on a wide, level lot at Lot 1 Wendell St in Dalton, Georgia. Road-facing placement provides direct street exposure for the residential income property.
Key Highlights
- 1,560‑square‑foot duplex with two matching residences
- Each unit includes 2 bedrooms and 1 full bathroom
- Contemporary finishes planned throughout both units
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
$10,526
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
3.34%
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%
$210,520
$210.5K
Cap Rate 7%
$150,371
$150.4K
Cap Rate 9%
$116,956
$117.0K
Market Conditions
NOI Build-Up for 1,560 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
$15.9K $10.20/SF
− Vacancy
−$875 −$0.56/SF
EGI
$15.0K $9.64/SF
− OpEx
−$4.5K −$2.89/SF
NOI
$10.5K $6.75/SF
Area
Whitfield County, GA
Vacancy
5.50%
Lease Rate
$10.20 /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%
$210,520
Cap Rate 7%
$150,371
Cap Rate 9%
$116,956
Alternative Uses
Best Use
Multifamily LT 5
$150.4K
$131.6K – $175.4K
NOI $10,526 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$135.5K
$118.6K – $158.1K
NOI $9,488 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$249.1K
$218.0K – $290.6K
NOI $17,438 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 30721, GA
53,432
Population
19,866
Households
2.7
Avg Household Size
34
Median Age
12%
College-Educated
70%
High-School Grad
126.8 sq mi
ZIP Area
421
Density / Sq Mi
$57,749
Median Household Income
$33,029
Median Earnings
$898
Median Rent
$172,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences feature contemporary finishes and complete kitchen appliance packages.
Where is this duplex located?
The property is located at Lot 1 Wendell St Dalton, GA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,560‑square‑foot duplex with two matching residences; Each unit includes 2 bedrooms and 1 full bathroom; Contemporary finishes planned throughout both units
