Mixed-Use Office and Rental
524 Mcghee Dr Dalton, GA 30721
For Sale
$299,000
Ground-floor office space and additional second-floor offices and cubicles are available alongside existing rented apartment and garage.
Property Size3,365 SF
Price / SF$88.86
Days on Market801
Property Features for 524 Mcghee Dr
General Information
- Standard status
- Active
- Size
- 3,365 SF
Listing Agency:
Trackside Realty, LLC
(706) 313-6092
Listed By:
Rudy Ownbey
(706) 313-6092
Source:
Exprealty
Added: May 15, 2024
Changed: Jul 24
Last Checked: Jul 24 at 3:18AM
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 Trackside Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes apartment and garage units currently rented at $400 per month, providing existing income. In addition to the residential component, the building has seven possible offices on the ground floor. The second floor offers five offices plus 25 cubicles for potential rental use.
The property is located at 524 Mcghee Dr in Dalton, GA. It is configured to support both office leasing and residential rental operations under one roof.
For tenants or investors seeking flexible space, the layout includes multiple office-ready rooms and a larger cubicle area on the second floor, while the ground floor provides additional office options.
The property is located at 524 Mcghee Dr in Dalton, GA. It is configured to support both office leasing and residential rental operations under one roof.
For tenants or investors seeking flexible space, the layout includes multiple office-ready rooms and a larger cubicle area on the second floor, while the ground floor provides additional office options.
Key Highlights
- Apartment and garage currently rented at $400 per month
- Ground‑floor space includes seven possible offices
- Second‑floor space includes five offices plus 25 cubicles for potential rental
Financial Insights For Apartment 5plus
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 | $39.2k | $11.64 |
| − Vacancy | −$2.0k | −$0.58 |
| EGI | $37.2k | $11.06 |
| − OpEx | −$16.7k | −$4.98 |
| NOI | $20.5k | $6.08 |
3,365 SF · lease $11.64/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Office B
$394.8K
$345.5K – $460.6K
NOI $27,638 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$292.4K
$255.8K – $341.1K
NOI $20,466 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$537.4K
$470.2K – $626.9K
NOI $37,615 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Club Level Group/Quick ...
Tax Preparation
Quick Income Tax
Tax Preparation
FAQs
What type of property is this?
Office units - Ground-floor office space and additional second-floor offices and cubicles are available alongside existing rented apartment and garage.
Where is this office units located?
The property is located at 524 Mcghee Dr Dalton, GA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Apartment and garage currently rented at $400 per month; Ground‑floor space includes seven possible offices; Second‑floor space includes five offices plus 25 cubicles for potential rental
