39-Unit Apartment
For Sale
Contact for pricing
1418 Burgess Drive, Dalton, GA 30721
Established multifamily property constructed in 1959 and located in Dalton, Georgia.
Property Size27,040 SF
Price / SF$147.93
Days on Market23
Property Features for 1418 Burgess Drive
General Information
Standard status
Active
Size
27,040 SF
Property subtype
Retail, Multifamily
Net Operating Income
$310,240
Additional Details
Multifamily Units
39
Building Details
Year Built
1959
Year Renovated
1990
Units
39
Listing Agency:
Matthews
Listed By:
Connor Kerns · License #GA 408600
Source:
Crexi
Added: Aug 10
Changed: Aug 28
Last Checked: Aug 28 at 10:52PM
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 Matthews
Investment Insights
Based on property information with market context.
This apartment property at 1418 Burgess Drive in Dalton, Georgia, contains 39 units within approximately 27,040 square feet. Constructed in 1959, the building offers an established multifamily configuration suited to residential rental operations.
The property is offered for sale with assumable Fannie Mae financing carrying a 3.91% interest rate. Its location is identified as Dalton, GA 30721.
The property is offered for sale with assumable Fannie Mae financing carrying a 3.91% interest rate. Its location is identified as Dalton, GA 30721.
Key Highlights
- 39‑unit apartment property
- Approximately 27,040 square feet
- Constructed in 1959
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
$164,455
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
4.11%
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%
$3,289,100
$3.3M
Cap Rate 7%
$2,349,357
$2.3M
Cap Rate 9%
$1,827,278
$1.8M
Market Conditions
NOI Build-Up for 27,040 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
$314.7K $11.64/SF
− Vacancy
−$15.7K −$0.58/SF
EGI
$299.0K $11.06/SF
− OpEx
−$134.6K −$4.98/SF
NOI
$164.5K $6.08/SF
Area
Whitfield County, GA
Vacancy
5.00%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
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%
$3,289,100
Cap Rate 7%
$2,349,357
Cap Rate 9%
$1,827,278
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.06M – $2.74M
NOI $164,455 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.32M
$3.78M – $5.04M
NOI $302,260 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
39
Residential units
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
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 Multifamily 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?
Apartment building - Established multifamily property constructed in 1959 and located in Dalton, Georgia.
Where is this apartment building located?
The property is located at 1418 Burgess Drive Dalton, GA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 39‑unit apartment property; Approximately 27,040 square feet; Constructed in 1959
