Mixed-Use Property with Auto
For Sale
Contact for pricing
2149 NW Waring Road, Dalton, GA 30721
The property combines automotive service space, a residential duplex, and adjoining vacant lots within one commercial asset.
Property Size3,456 SF
Price / SF$137.44
Days on Market15
Property Features for 2149 NW Waring Road
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Retail, Mixed Use
Additional Details
Service Bays
3
Building Details
Year Built
1970
Buildings
2
Stories
1
Listing Agency:
Keller Williams CT Capital
(706) 980-8531
Listed By:
Christian Rangel · License #405756
Source:
Crexi
Added: Aug 15
Changed: Aug 29
Last Checked: Aug 29 at 5:38PM
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 CT Capital
Investment Insights
Based on property information with market context.
This mixed-use property contains 3,456 square feet and was built in 1970. The configuration includes a three-bay mechanic shop alongside a residential duplex, bringing automotive service space and residential components together on one site.
Vacant lots adjoin the property on both sides, providing additional land for parking, equipment storage, or future expansion. The property is located at 2149 NW Waring Road in Dalton, Georgia, within Whitfield County. Its combination of shop space, duplex housing, and adjoining land supports a range of commercial and residential uses identified in the property information.
Vacant lots adjoin the property on both sides, providing additional land for parking, equipment storage, or future expansion. The property is located at 2149 NW Waring Road in Dalton, Georgia, within Whitfield County. Its combination of shop space, duplex housing, and adjoining land supports a range of commercial and residential uses identified in the property information.
Key Highlights
- 3,456‑square‑foot mixed‑use property
- Three‑bay mechanic shop
- Residential duplex included
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
$23,328
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
4.91%
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%
$466,560
$466.6K
Cap Rate 7%
$333,257
$333.3K
Cap Rate 9%
$259,200
$259.2K
Market Conditions
NOI Build-Up for 3,456 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
$41.5K $12.00/SF
− Vacancy
−$4.1K −$1.20/SF
EGI
$37.3K $10.80/SF
− OpEx
−$14.0K −$4.05/SF
NOI
$23.3K $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%
$466,560
Cap Rate 7%
$333,257
Cap Rate 9%
$259,200
Alternative Uses
Best Use
Mixed Use
$333.3K
$291.6K – $388.8K
NOI $23,328 @ 7.0% cap · market cap 4.91%
Second Best
Multifamily LT 5
$333.1K
$291.5K – $388.7K
NOI $23,319 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$551.9K
$482.9K – $643.9K
NOI $38,632 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
23
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines automotive service space, a residential duplex, and adjoining vacant lots within one commercial asset.
Where is this mixed-use property located?
The property is located at 2149 NW Waring Road Dalton, GA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,456‑square‑foot mixed‑use property; Three‑bay mechanic shop; Residential duplex included
