Mixed-Use Property For
For Sale
$737,900
2124 Hamilton Street, Dalton, GA 30721
Investment property with offices, warehouse, and long-term tenant.
Property Size10,000 SF
Price / SF$73.79
Days on Market155
Property Features for 2124 Hamilton Street
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Mixed Use
Building Details
Year Built
1998
Listing Agency:
Georgia One Realty, Inc., dba Coldwell Banker Kinard Realty
Listed By:
Bradley Nelson · License #160648
(706) 463-8300
Source:
Cbcworldwide
Added: Apr 4
Changed: Jul 10
Last Checked: Apr 4 at 8:10PM
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 Georgia One Realty, Inc., dba Coldwell Banker Kinard Realty
Investment Insights
Based on property information with market context.
This property is offered as a cash-flowing investment. The property features 6 to 7 offices, a conference room, a kitchenette, 3 lab or training rooms, 3 restrooms, and approximately 10,000 square feet of warehouse space. The warehouse includes 1 drive-in door and 1 dock door. The current tenant has occupied the building since December 1, 2012, and has over 2.5 years remaining on the current lease. The tenant has expressed an intention to renew upon the current lease's expiration.
Key Highlights
- Cash flowing investment property with existing tenant
- Tenant in place since 2012 with over 2.5 years remaining on the current lease
- Tenant has expressed intent to renew the lease
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
$67,500
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
9.15%
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%
$1,350,000
$1.4M
Cap Rate 7%
$964,286
$964.3K
Cap Rate 9%
$750,000
$750.0K
Market Conditions
NOI Build-Up for 10,000 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
$120.0K $12.00/SF
− Vacancy
−$12.0K −$1.20/SF
EGI
$108.0K $10.80/SF
− OpEx
−$40.5K −$4.05/SF
NOI
$67.5K $6.75/SF
Area
Whitfield County, GA
Vacancy
10.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,350,000
Cap Rate 7%
$964,286
Cap Rate 9%
$750,000
Alternative Uses
Best Use
Office B
$1.17M
$1.03M – $1.37M
NOI $82,134 @ 7.0% cap · market cap 11.13%
Second Best
Mixed Use
$964.3K
$843.8K – $1.13M
NOI $67,500 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,782 @ 7.0% cap · market cap 15.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Investment property with offices, warehouse, and long-term tenant.
Where is this mixed-use property located?
The property is located at 2124 Hamilton Street Dalton, GA.
What is the asking price?
The asking price for this property is $737,900.
What are key features of this property?
This property features: Cash flowing investment property with existing tenant; Tenant in place since 2012 with over 2.5 years remaining on the current lease; Tenant has expressed intent to renew the lease
