Listing Agency: Keller Williams Heritage Show Phone

Listed By: Christian Rangel · License #405756 Show Phone

Source: Exprealty

Added: Jun 16 Changed: Oct 4 Last Checked: Oct 15 at 2:06AM

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Investment Insights

Based on property information with market context.

This flex space is located at 403 S Spencer Street in Dalton, Georgia, with a substantial building footprint and a stated property size of 2,501. The C2 zoning designation is intended for general commercial use, and the property is described as suitable for retail, light industrial, office, and specialty service applications.

Access connects the site with the Walnut Avenue commercial corridor and Interstate 75. The combination of flex-space classification, commercial zoning, and proximity to established transportation and commercial routes supports a range of business configurations within the existing building.

Key Highlights

• C2 zoning for general commercial use
• 2,501 property size
• Located at 403 S Spencer St, Dalton, GA

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,955

Cap Rate

5.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$319,100 $319.1K

Cap Rate 7%

$227,929 $227.9K

Cap Rate 9%

$177,278 $177.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,501 SF

Gross rent

$24.9K $9.96/SF

− Vacancy

−$2.1K −$0.85/SF

EGI

$22.8K $9.11/SF

− OpEx

−$6.8K −$2.73/SF

NOI

$16.0K $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 Rate 5%

$319,100

Cap Rate 7%

$227,929

Cap Rate 9%

$177,278

Alternative Uses

Best Use

Retail

$227.9K

$199.4K – $265.9K (±1% cap)

NOI $15,955 @ 7.0% cap · market cap 5.32%

Second Best

Flex RnD

$194.0K

$169.7K – $226.3K (±1% cap)

NOI $13,577 @ 7.0% cap · market cap 4.53%

Theoretical Best

Office A

$399.4K

$349.5K – $466.0K (±1% cap)

NOI $27,957 @ 7.0% cap · market cap 9.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

La Fama Bar Bar & Pub

Suggested Use

Top Pick Dental Office Locksmith Veterinary Clinic (Bike/Boat/Book/etc) Store Parking Lot & Garage Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,637

Businesses Nearby

Under-served

Demand for This Use

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - C2 zoning supports general commercial use with access to Walnut Avenue and Interstate 75.

Where is this flex space located?

The property is located at 403 S Spencer St Dalton, GA.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: C2 zoning for general commercial use; 2,501 property size; Located at 403 S Spencer St, Dalton, GA