Versatile Retail-Office
For Sale
$2,000,000
2311 Chattanooga Rd, Dalton, GA 30720
Flexible floor plan with ample on-site parking and strong street frontage for retail, office, and medical use in Dalton.
Property Size14,000 SF
Price / SF$142.86
Days on Market55
Property Features for 2311 Chattanooga Rd
General Information
Standard status
Active
Size
14,000 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$12,367
Listing Agency:
Coldwell Banker Kinard Realty - Dalton
(423) 284-3233
Listed By:
Shawn Matthews · License #314204
(423) 284-3233
Source:
Exprealty
Added: Jul 3
Changed: Aug 25
Last Checked: Aug 26 at 10:51AM
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 Coldwell Banker Kinard Realty - Dalton
Investment Insights
Based on property information with market context.
This versatile commercial property at 2311 Chattanooga Rd in Dalton, GA is configured to support a range of uses, including retail, office, medical, and professional services. The layout is described as functional and flexible, allowing tenants to adapt the space to their operational needs. The property also offers ample on-site parking and street-facing presence intended to support day-to-day client and customer access.
The listing notes convenient access and excellent street frontage, positioning the property for visibility to passing traffic. It is presented as being well-suited for businesses serving both established commercial neighbors and nearby residential communities, with straightforward access for customers and clients.
For owner-users or operators, the combination of a flexible interior layout, parking on site, and storefront exposure can support a variety of commercial concepts. For investors, the property is presented as an investment opportunity with multiple viable use categories, including retail, office, and medical/professional services, depending on how the space is tailored for occupancy.
The listing notes convenient access and excellent street frontage, positioning the property for visibility to passing traffic. It is presented as being well-suited for businesses serving both established commercial neighbors and nearby residential communities, with straightforward access for customers and clients.
For owner-users or operators, the combination of a flexible interior layout, parking on site, and storefront exposure can support a variety of commercial concepts. For investors, the property is presented as an investment opportunity with multiple viable use categories, including retail, office, and medical/professional services, depending on how the space is tailored for occupancy.
Key Highlights
- Built in 1975 commercial property in Dalton with flexible floor plan for multiple business uses
- Strong street frontage and high‑visibility location designed to support customer and client exposure
- Ample on‑site parking for convenient customer access
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
$89,311
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
4.47%
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%
$1,786,220
$1.8M
Cap Rate 7%
$1,275,871
$1.3M
Cap Rate 9%
$992,344
$992.3K
Market Conditions
NOI Build-Up for 14,000 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
$139.4K $9.96/SF
− Vacancy
−$11.9K −$0.85/SF
EGI
$127.6K $9.11/SF
− OpEx
−$38.3K −$2.73/SF
NOI
$89.3K $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%
$1,786,220
Cap Rate 7%
$1,275,871
Cap Rate 9%
$992,344
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,311 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,495 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 30720, GA
27,547
Population
10,731
Households
2.6
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
48.6 sq mi
ZIP Area
567
Density / Sq Mi
$65,620
Median Household Income
$38,014
Median Earnings
$965
Median Rent
$225,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible floor plan with ample on-site parking and strong street frontage for retail, office, and medical use in Dalton.
Where is this retail space located?
The property is located at 2311 Chattanooga Rd Dalton, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Built in 1975 commercial property in Dalton with flexible floor plan for multiple business uses; Strong street frontage and high‑visibility location designed to support customer and client exposure; Ample on‑site parking for convenient customer access
