Office Building with
For Sale
$2,000,000
2311 Chattanooga Road, Dalton, GA 30720
Commercial Sale, DALTON, GA
Property Size14,000 SF
Price / SF$142.86
Days on Market80
Property Features for 2311 Chattanooga Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Gen Comm
Elementary school district
12
Middle school district
12
High school district
12
Subdivision
1-Dalton City-West
Standard status
Active
APN
12-148-02-011
Size
14,000 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
Prime Chattanooga Rd frontage in Dalton, GA with high visibility and easy access to I-75 corridor. Owner financing available. 10,000 SF fully built-out, second-generation full-service restaurant space; professional kitchen with exhaust hood system remaining. Existing tenant in place under NN+ lease; approximately 3 years remaining, providing immediate in-place income. 62 on-site parking spaces supporting strong customer capacity and peak dining periods. Additional 4,000 SF warehouse on-site with two loading docks and 12' doors; ideal for food service logistics and bulk storage. Warehouse currently leased by the same restaurant for commercial cooler/freezer operations-single-tenant control across both buildings. Complementary retail/industrial mix (restaurant + warehouse) on one parcel.
Tax Annual Amount
12367
Legal Description
Prime Chattanooga Rd frontage in Dalton, GA with high visibility and easy access to I-75 corridor. Owner financing available. 10,000 SF fully built-out, second-generation full-service restaurant space; professional kitchen with exhaust hood system remaining. Existing tenant in place under NN+ lease; approximately 3 years remaining, providing immediate in-place income. 62 on-site parking spaces supporting strong customer capacity and peak dining periods. Additional 4,000 SF warehouse on-site with two loading docks and 12' doors; ideal for food service logistics and bulk storage. Warehouse currently leased by the same restaurant for commercial cooler/freezer operations-single-tenant control across both buildings. Complementary retail/industrial mix (restaurant + warehouse) on one parcel.
Building Details
Floors in Building
1
Listing Agency:
Coldwell Banker Kinard Realty - Dalton · Coldwell Banker Real Estate
(706) 226-5182
Listed By:
Shawn Matthews · License #314204
(423) 284-3233
Added: Jul 2
Changed: Aug 19
Last Checked: Sep 19 at 8:06AM
MLS# 135973
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 building-only commercial property contains 14,000 square feet and offers a functional interior layout for office operations. The property is positioned for office, medical, professional-services, or retail occupancy, with parking and street frontage included. Gen Comm zoning supports its commercial setting.
Located at 2311 Chattanooga Road in Dalton, Georgia, the property provides access to major highways and is surrounded by established businesses and residential communities. The combination of building size, commercial zoning, parking, and accessible positioning provides a practical setting for an owner-user or business seeking office-oriented space.
Located at 2311 Chattanooga Road in Dalton, Georgia, the property provides access to major highways and is surrounded by established businesses and residential communities. The combination of building size, commercial zoning, parking, and accessible positioning provides a practical setting for an owner-user or business seeking office-oriented space.
Key Highlights
- 14,000 square feet of building area
- Building‑only commercial sale
- Gen Comm zoning
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
$114,988
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
5.75%
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%
$2,299,760
$2.3M
Cap Rate 7%
$1,642,686
$1.6M
Cap Rate 9%
$1,277,644
$1.3M
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
$196.6K $14.04/SF
− Vacancy
−$43.2K −$3.09/SF
EGI
$153.3K $10.95/SF
− OpEx
−$38.3K −$2.74/SF
NOI
$115.0K $8.21/SF
Area
Whitfield County, GA
Vacancy
22.00%
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%
$2,299,760
Cap Rate 7%
$1,642,686
Cap Rate 9%
$1,277,644
Alternative Uses
Best Use
Office B
$1.64M
$1.44M – $1.92M
NOI $114,988 @ 7.0% cap · market cap 5.75%
Second Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,311 @ 7.0% cap · market cap 4.47%
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The building includes a functional layout and on-site parking.
Where is this office building located?
The property is located at 2311 Chattanooga Road 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: 14,000 square feet of building area; Building‑only commercial sale; Gen Comm zoning
