Convenience Store with
For Sale
$465,000
208 E Walnut Avenue, Dalton, GA 30721
Commercial Sale, DALTON, GA
Property Size2,100 SF
Lot Size0.27 Acres
Price / SF$221.43
Days on Market283
Property Features for 208 E Walnut Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
12
Middle school district
12
High school district
12
Subdivision
1-Dalton City-West
Standard status
Active
APN
257-12-19-007
Size
2,100 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3796
Amenities
billboard
Building Details
Year built
1975
Floors in Building
1
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Natalia Bauman · License #354829
(423) 704-1723
Added: Dec 3, 2025
Changed: Aug 26
Last Checked: Sep 12 at 6:06PM
MLS# 131461
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 2,100-square-foot commercial building sits on a 0.27-acre parcel and was built in 1975. The property includes on-site parking, an adaptable interior, and access directly from E Walnut Avenue. The layout is positioned for retail, office, or service-oriented use.
A billboard is located on the property and is included in the sale. The building and operating business may be acquired together or separately, providing two transaction structures for prospective buyers. The property is located in Dalton, Whitfield County, Georgia.
A billboard is located on the property and is included in the sale. The building and operating business may be acquired together or separately, providing two transaction structures for prospective buyers. The property is located in Dalton, Whitfield County, Georgia.
Key Highlights
- 2,100‑square‑foot building on a 0.27‑acre parcel
- Billboard included with the sale
- On‑site parking and access from E Walnut Avenue
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
$20,609
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
4.43%
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%
$412,180
$412.2K
Cap Rate 7%
$294,414
$294.4K
Cap Rate 9%
$228,989
$229.0K
Market Conditions
NOI Build-Up for 2,100 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
$29.5K $14.04/SF
− Vacancy
−$2.0K −$0.95/SF
EGI
$27.5K $13.09/SF
− OpEx
−$6.9K −$3.27/SF
NOI
$20.6K $9.81/SF
Area
Whitfield County, GA
Vacancy
6.80%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
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%
$412,180
Cap Rate 7%
$294,414
Cap Rate 9%
$228,989
Alternative Uses
Best Use
Specialty Retail
$294.4K
$257.6K – $343.5K
NOI $20,609 @ 7.0% cap · market cap 4.43%
Second Best
Retail
$191.4K
$167.5K – $223.3K
NOI $13,397 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$335.3K
$293.4K – $391.2K
NOI $23,474 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Food City — 1308 W Walnut Ave, Dalton, GA 30720
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Flexible commercial building with on-site parking and convenient access from Walnut Avenue.
Where is this grocery and convenience store located?
The property is located at 208 E Walnut Avenue Dalton, GA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2,100‑square‑foot building on a 0.27‑acre parcel; Billboard included with the sale; On‑site parking and access from E Walnut Avenue
