Multi-Building Office and Retail
For Sale
Contact for pricing
2109 Cleveland Highway, Dalton, GA 30721
Three-building commercial property on Cleveland Highway offers flexible space for office, medical, retail, or service uses.
Property Size4,750 SF
Lot Size2.79 Acres
Price / SF$231.58
Days on Market51
Property Features for 2109 Cleveland Highway
General Information
Standard status
Active
Size
4,750 SF
Lot size
2.79 Acres
Property subtype
Retail, Office
Zoning
General Commercial
Building Details
Buildings
3
Listing Agency:
Keller Williams Greater Dalton
(706) 280-0068
Listed By:
Lisa Sloan · License #372996
Source:
Crexi
Added: Jul 1
Changed: Aug 17
Last Checked: Aug 19 at 12:11AM
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 Greater Dalton
Investment Insights
Based on property information with market context.
This for-sale multi-building commercial property is comprised of three separate buildings across two parcels. The main office building includes a lobby/reception area and flexible space suited to professional office, medical, or daycare use. A second structure is a three-bedroom house that could be adapted for additional office or business space. The third building has its own reception area and lobby, adding further flexibility for office, retail, or service tenants.
The property is situated on busy Cleveland Highway and benefits from strong visibility. It also offers excellent road frontage, supporting straightforward customer and client access for a range of commercial uses.
With multiple buildings and entry/reception configurations, the site can work for owners seeking to operate from one building while leasing others, or for tenants looking for adaptable space to match their operations. The mix of office-ready layout and conversion potential supports practical flexibility for professional services, medical-related uses, daycare, or limited retail and service activity, subject to applicable approvals.
The property is situated on busy Cleveland Highway and benefits from strong visibility. It also offers excellent road frontage, supporting straightforward customer and client access for a range of commercial uses.
With multiple buildings and entry/reception configurations, the site can work for owners seeking to operate from one building while leasing others, or for tenants looking for adaptable space to match their operations. The mix of office-ready layout and conversion potential supports practical flexibility for professional services, medical-related uses, daycare, or limited retail and service activity, subject to applicable approvals.
Key Highlights
- 3 separate buildings on 2 parcels totaling approx. 2.79 acres on Cleveland Hwy with high traffic exposure.
- Main office building offers approx. 4,750 SF with lobby/reception plus flexible space for professional office, medical, or daycare use.
- Second structure is a 3‑bedroom house that could be converted into additional office or business space.
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
$40,710
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
3.70%
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%
$814,200
$814.2K
Cap Rate 7%
$581,571
$581.6K
Cap Rate 9%
$452,333
$452.3K
Market Conditions
NOI Build-Up for 4,750 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
$75.8K $15.96/SF
− Vacancy
−$8.0K −$1.68/SF
EGI
$67.8K $14.28/SF
− OpEx
−$27.1K −$5.71/SF
NOI
$40.7K $8.57/SF
Area
Whitfield County, GA
Vacancy
10.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
40.00%
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%
$814,200
Cap Rate 7%
$581,571
Cap Rate 9%
$452,333
Alternative Uses
Best Use
Healthcare Medical
$581.6K
$508.9K – $678.5K
NOI $40,710 @ 7.0% cap · market cap 3.70%
Second Best
Office B
$557.3K
$487.7K – $650.2K
NOI $39,014 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$758.5K
$663.7K – $885.0K
NOI $53,097 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
152
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-building commercial property on Cleveland Highway offers flexible space for office, medical, retail, or service uses.
Where is this office building located?
The property is located at 2109 Cleveland Highway Dalton, GA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3 separate buildings on 2 parcels totaling approx. 2.79 acres on Cleveland Hwy with high traffic exposure.; Main office building offers approx. 4,750 SF with lobby/reception plus flexible space for professional office, medical, or daycare use.; Second structure is a 3‑bedroom house that could be converted into additional office or business space.
