Storefront Building with Billboard
For Sale
$1,400,000
139 Waterfront Way, Dalton, GA 30720
COMMERCIAL - DALTON, GA
Property Size12,000 SF
Lot Size0.92 Acres
Price / SF$116.67
Days on Market48
Property Features for 139 Waterfront Way
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
13
Middle school district
13
High school district
13
Subdivision
5-Whitfield Co-SE
Standard status
Active
APN
13-067-10-000
Size
12,000 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
4010
Amenities
billboard signage
Building Details
Year built
1966
Floors in Building
2
Listing Agency:
Re/Max Select Realty · RE/MAX International
(706) 277-3434
Listed By:
Jason Burgin · License #380142
(706) 581-4155
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 10 at 5:06AM
MLS# 135864
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.
Investment Insights
Based on property information with market context.
This 12,000-square-foot storefront building, constructed in 1966, provides a flexible commercial layout with dedicated billboard signage oriented toward the interstate. The property includes on-site parking and road frontage, supporting clear physical presence from the surrounding corridor.
Located in Dalton, Georgia, the building is minutes from I-75. The neighboring property at 169 Waterfront Way is also available for purchase; together, the two properties encompass approximately 1.5 acres. The subject property itself includes 0.92 acres.
Located in Dalton, Georgia, the building is minutes from I-75. The neighboring property at 169 Waterfront Way is also available for purchase; together, the two properties encompass approximately 1.5 acres. The subject property itself includes 0.92 acres.
Key Highlights
- 12,000‑square‑foot storefront building constructed in 1966
- Dedicated billboard signage facing I‑75
- 0.92‑acre property with road frontage
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
$76,553
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
5.47%
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%
$1,531,060
$1.5M
Cap Rate 7%
$1,093,614
$1.1M
Cap Rate 9%
$850,589
$850.6K
Market Conditions
NOI Build-Up for 12,000 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
$119.5K $9.96/SF
− Vacancy
−$10.2K −$0.85/SF
EGI
$109.4K $9.11/SF
− OpEx
−$32.8K −$2.73/SF
NOI
$76.6K $6.38/SF
Area
Whitfield County, GA
Vacancy
8.50%
Lease Rate
$9.96 /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%
$1,531,060
Cap Rate 7%
$1,093,614
Cap Rate 9%
$850,589
Alternative Uses
Best Use
Retail
$1.09M
$956.9K – $1.28M
NOI $76,553 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,139 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30720, GA
27,547
Population
10,731
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
48.6 sq mi
ZIP Area
567
Density / Sq Mi
$65,620
Median Household Income
$38,014
Median Earnings
$965
Median Rent
$225,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space offers road frontage, on-site parking, and a flexible interior arrangement.
Where is this storefront property located?
The property is located at 139 Waterfront Way Dalton, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 12,000‑square‑foot storefront building constructed in 1966; Dedicated billboard signage facing I‑75; 0.92‑acre property with road frontage
