Flex Building with Outdoor
New
For Sale
$299,000
1402 Riverbend Rd, Dalton, GA 30721
The building sits on a sizable commercial site with additional area outside the structure.
Property Size4,334 SF
Price / SF$68.99
Days on Market6
Property Features for 1402 Riverbend Rd
General Information
Standard status
Active
Size
4,334 SF
Taxes and HOA fees
Annual Taxes
$662
Listing Agency:
Keller Williams Heritage
(706) 537-6174
Listed By:
Roger Haikal
(706) 537-6174
Source:
Exprealty
Added: Aug 12
Changed: Aug 17
Last Checked: Aug 16 at 10:07AM
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.
Located at 1402 Riverbend Rd in Dalton, GA, this flex-space property includes a 4,334-square-foot commercial building on approximately 1.44 acres. The site adds outdoor area beyond the building footprint, providing room for business-related site functions subject to the intended use and local approvals.
The building may support several commercial formats, including warehouse, showroom, distribution, workshop, small manufacturing, retail market, event, fitness, storage, and other business uses identified for the property. Its combination of enclosed commercial space and additional land offers flexibility for an owner-user or other operating model.
The building may support several commercial formats, including warehouse, showroom, distribution, workshop, small manufacturing, retail market, event, fitness, storage, and other business uses identified for the property. Its combination of enclosed commercial space and additional land offers flexibility for an owner-user or other operating model.
Key Highlights
- 4,334‑square‑foot commercial building
- Approximately 1.44‑acre site
- Flex‑space classification supports a range of commercial configurations
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
$23,528
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
7.87%
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%
$470,560
$470.6K
Cap Rate 7%
$336,114
$336.1K
Cap Rate 9%
$261,422
$261.4K
Market Conditions
NOI Build-Up for 4,334 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
$39.0K $9.00/SF
− Vacancy
−$2.8K −$0.65/SF
EGI
$36.2K $8.35/SF
− OpEx
−$12.7K −$2.92/SF
NOI
$23.5K $5.43/SF
Area
Whitfield County, GA
Vacancy
7.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
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%
$470,560
Cap Rate 7%
$336,114
Cap Rate 9%
$261,422
Alternative Uses
Best Use
Flex RnD
$336.1K
$294.1K – $392.1K
NOI $23,528 @ 7.0% cap · market cap 7.87%
Second Best
Warehouse
$312.6K
$273.6K – $364.7K
NOI $21,884 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$692.1K
$605.6K – $807.4K
NOI $48,446 @ 7.0% cap · market cap 16.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Balanced
Demand for This Use
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 Industrial 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?
Flex space - The building sits on a sizable commercial site with additional area outside the structure.
Where is this flex space located?
The property is located at 1402 Riverbend Rd 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: 4,334‑square‑foot commercial building; Approximately 1.44‑acre site; Flex‑space classification supports a range of commercial configurations
