Flex Space with Outdoor
New
For Sale
$299,000
1402 Riverbend Road, Dalton, GA 30721
COMMERCIAL - DALTON, GA
Property Size4,334 SF
Lot Size1.44 Acres
Price / SF$68.99
Days on Market1
Property Features for 1402 Riverbend Road
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
06
Middle school district
06
High school district
06
Subdivision
5-Whitfield Co-SE
Standard status
Active
APN
12-279-04-005
Size
4,334 SF
Lot size
1.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Conveniently located on Riverbend Rd in Dalton with easy access to surrounding businesses, residential areas, and major roadways. Whether you're looking for space to operate your own business, open a retail concept, create an event space, or add another commercial property to your investment portfolio, 1402 Riverbend Rd offers plenty of possibilities.
Tax Annual Amount
662
Legal Description
Conveniently located on Riverbend Rd in Dalton with easy access to surrounding businesses, residential areas, and major roadways. Whether you're looking for space to operate your own business, open a retail concept, create an event space, or add another commercial property to your investment portfolio, 1402 Riverbend Rd offers plenty of possibilities.
Building Details
Year built
1970
Floors in Building
1
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
(706) 459-3107
Listed By:
Roger Haikal
(706) 537-6174
Added: Aug 12
Last Checked: Aug 12 at 7:06PM
MLS# 136206
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 flex space property includes a 4,334-square-foot commercial building on approximately 1.44 acres. The combination of enclosed floor area and additional land supports a range of operational layouts, including indoor business functions with room for outdoor parking, storage, or loading, subject to intended use and local approvals.
Constructed in 1970, the property is located at 1402 Riverbend Road in Dalton, Georgia, within Whitfield County. Its building-and-site configuration provides both a functional commercial structure and additional exterior area for a user requiring more than an enclosed footprint.
Constructed in 1970, the property is located at 1402 Riverbend Road in Dalton, Georgia, within Whitfield County. Its building-and-site configuration provides both a functional commercial structure and additional exterior area for a user requiring more than an enclosed footprint.
Key Highlights
- 4,334‑square‑foot commercial building
- Approximately 1.44‑acre site
- Constructed in 1970
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
Retail
$395.0K
$345.6K – $460.8K
NOI $27,648 @ 7.0% cap · market cap 9.25%
Second Best
Flex RnD
$336.1K
$294.1K – $392.1K
NOI $23,528 @ 7.0% cap · market cap 7.87%
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 - Commercial building offering adaptable interior space and an expansive parcel for parking, storage, loading, or future improvements.
Where is this flex space located?
The property is located at 1402 Riverbend Road 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; Constructed in 1970
