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Dahlonega Commercial Property For Sale

1256 Morrison Moore Parkway W Dahlonega, GA 30533

1256 Morrison Moore Parkway W, Dahlonega, GA, 30533
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0.96-acre commercial property near UNG and downtown Dahlonega.

Property Size2,400 SF
Lot Size0.96 Acres
Price / SF$197.92
AddedJul 13, 2024
Days on Market734
Last RefreshJul 16 at 9:40 am

Property Features for 1256 Morrison Moore Parkway W

General Information

Standard status
Active
Size
2,400 SF
Lot size
0.96 Acres
Property subtype
Industrial, Office

Building Details

Year Built
2022

Listing office Virtual Properties Realty.com

Listing date Jul 13, 2024

Source Crexi

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 Virtual Properties Realty.com


Investment Insights

Based on property information with market context.

This commercial property is located in Dahlonega on a 0.96-acre lot. The terrain is level, and ample parking space is available. The property is in close proximity to the University of North Georgia (UNG) and downtown Dahlonega, and it is one of the last available lots close to the city center. Recent additions to the property include two metal buildings. One building measures 30 ft x 30 ft, and the other measures 30 ft x 50 ft. These buildings provide versatility for potential professional office spaces, workshops, and industrial storage. The metal buildings can also potentially be converted into a barndominium.

Key Highlights

  • Prime Location: Close proximity to UNG and downtown Dahlonega, offering convenient access.
  • Sizeable Lot: 0.96‑acre lot with level terrain, providing ample space.
  • Ample Parking: Abundant parking space available.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $22.8k $9.48
− Vacancy −$1.9k −$0.78
EGI $20.9k $8.70
− OpEx −$6.3k −$2.61
NOI $14.6k $6.09
2,400 SF · lease $9.48/SF/yr · vacancy 8.20% · expense 30.00%

Alternative Uses

Best Use
Industrial
$208.9K
$182.8K – $243.7K (±1% cap)
NOI $14,620 @ 7.0% cap · market cap 3.08%
Second Best
Flex RnD
$199.9K
$174.9K – $233.2K (±1% cap)
NOI $13,990 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$670.9K
$587.0K – $782.7K (±1% cap)
NOI $46,962 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Vikki's bamboo forest Garden Center

Suggested Use

Building Supply Big Box & Wholesale Store Hair Salon Nail Salon Butcher Auto Repair Shop Spa & Massage Center Garden Center Auto Parts Store Restaurant

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

FAQs

What type of property is this?
Commercial land - 0.96-acre commercial property near UNG and downtown Dahlonega.
Where is this commercial land located?
The property is located at 1256 Morrison Moore Parkway W Dahlonega, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prime Location: Close proximity to UNG and downtown Dahlonega, offering convenient access.; Sizeable Lot: 0.96‑acre lot with level terrain, providing ample space.; Ample Parking: Abundant parking space available.
Contact an agent
(770) 495-5050 Call to check price and availability
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