C2 Zoned Commercial
For Sale
$300,000
403 S Spencer Street, Dalton, GA 30721
COMMERCIAL - DALTON, GA
Property Size2,501 SF
Lot Size0.11 Acres
Price / SF$119.95
Days on Market47
Property Features for 403 S Spencer Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
2-Dalton City-East
Standard status
Active
APN
12-238-19-016
Size
2,501 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1871
Building Details
Year built
1960
Floors in Building
1
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
(706) 459-3107
Listed By:
Christian Rangel
(706) 980-8531
Added: Jun 16
Last Checked: Aug 1 at 9:06AM
MLS# 135822
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 for-sale commercial property at 403 S Spencer Street presents a substantial building footprint with solid structural potential, offering flexibility across multiple operating formats. The site is listed with approximately 2,501 square feet of property size on a 0.11-acre lot. The property is described as being positioned for a range of general commercial activity, supported by its C2 zoning.
The offering is located in Dalton, Georgia, within the stated access advantages of the Walnut Avenue commercial corridor and Interstate 75. That combination of street-level commercial positioning and interstate connectivity is intended to support practical customer and business access for a tenant or owner-operator.
Because the property is specifically identified as C2 zoned with general commercial use in mind, it may be a fit for users seeking room to operate beyond a single specialty category. The remarks indicate suitability for retail, light industrial, office, or specialty service use. Prospective buyers and tenants should review the property’s specific layout and intended buildout plans as part of their due diligence to confirm how the improvements can be aligned with their business needs.
The offering is located in Dalton, Georgia, within the stated access advantages of the Walnut Avenue commercial corridor and Interstate 75. That combination of street-level commercial positioning and interstate connectivity is intended to support practical customer and business access for a tenant or owner-operator.
Because the property is specifically identified as C2 zoned with general commercial use in mind, it may be a fit for users seeking room to operate beyond a single specialty category. The remarks indicate suitability for retail, light industrial, office, or specialty service use. Prospective buyers and tenants should review the property’s specific layout and intended buildout plans as part of their due diligence to confirm how the improvements can be aligned with their business needs.
Key Highlights
- Commercial building built in 1960 at 403 S Spencer Street in Dalton, GA
- Zoned C2 for general commercial use
- Designed to support multiple use types including retail, light industrial, office, or specialty service
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $14.04 |
| − Vacancy | −$7.7k | −$3.09 |
| EGI | $27.4k | $10.95 |
| − OpEx | −$6.8k | −$2.74 |
| NOI | $20.5k | $8.21 |
2,501 SF · lease $14.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$293.5K
$256.8K – $342.4K
NOI $20,542 @ 7.0% cap · market cap 6.85%
Second Best
Retail
$227.9K
$199.4K – $265.9K
NOI $15,955 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$399.4K
$349.5K – $466.0K
NOI $27,957 @ 7.0% cap · market cap 9.32%
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
1,606
Businesses Nearby
Well-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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - For-sale commercial property with C2 zoning and a versatile building footprint for retail, light industrial, or office uses.
Where is this warehouse located?
The property is located at 403 S Spencer Street 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: Commercial building built in 1960 at 403 S Spencer Street in Dalton, GA; Zoned C2 for general commercial use; Designed to support multiple use types including retail, light industrial, office, or specialty service
