Dalton Industrial Property For
For Sale
Contact for pricing
1821 Wendell St, Dalton, GA 30721
47,000 SF warehouse and 8,400 SF truck repair shop.
Property Size47,000 SF
Lot Size17.57 Acres
Price / SF$76.60
Days on Market158
Property Features for 1821 Wendell St
General Information
Standard status
Active
Size
47,000 SF
Lot size
17.57 Acres
Property subtype
Industrial
Zoning
C-2
Building Details
Buildings
2
Units
2
Tenancy
Single
Listing Agency:
Dobbins Properties
Listed By:
Chuck Dobbins · License #GA 128744
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 11 at 6:08PM
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 Dobbins Properties
Investment Insights
Based on property information with market context.
Located at 1821 Wendell Street in Dalton, GA, this industrial property is available for sale. The property spans 17.57 acres and includes a 47,000 SF warehouse building featuring 28 dock-high doors, 1 drive-in door, and a 23' clear height. Additionally, there is an 8,400 SF truck repair shop equipped with 5 truck repair bays and 3 trailer repair bays. The property is located near major manufacturing and logistics operations, with convenient access to I-75 via South Dalton Bypass. It is situated 22 miles from the Appalachian Regional Port and 31 miles from Chattanooga Regional Airport, offering connectivity for distribution and transportation.
Key Highlights
- Strategic location with easy access to I‑75 via South Dalton Bypass, near major manufacturing and logistics operations.
- Substantial 47,000 SF warehouse building with 28 dock high doors and 23' clear height.
- Large 17.57‑acre property offering ample space for operations and potential expansion.
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
$299,831
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
8.33%
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%
$5,996,620
$6.0M
Cap Rate 7%
$4,283,300
$4.3M
Cap Rate 9%
$3,331,456
$3.3M
Market Conditions
NOI Build-Up for 47,000 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
$468.1K $9.96/SF
− Vacancy
−$39.8K −$0.85/SF
EGI
$428.3K $9.11/SF
− OpEx
−$128.5K −$2.73/SF
NOI
$299.8K $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%
$5,996,620
Cap Rate 7%
$4,283,300
Cap Rate 9%
$3,331,456
Alternative Uses
Best Use
Retail
$4.28M
$3.75M – $5.00M
NOI $299,831 @ 7.0% cap · market cap 8.33%
Second Best
Warehouse
$3.39M
$2.97M – $3.96M
NOI $237,322 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$7.51M
$6.57M – $8.76M
NOI $525,377 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
37
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
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Frequently Asked Questions
What type of property is this?
Warehouse - 47,000 SF warehouse and 8,400 SF truck repair shop.
Where is this warehouse located?
The property is located at 1821 Wendell St Dalton, GA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Strategic location with easy access to I‑75 via South Dalton Bypass, near major manufacturing and logistics operations.; Substantial 47,000 SF warehouse building with **28 dock high doors and 23' clear height.**; Large 17.57‑acre property offering ample space for operations and potential expansion.
