Industrial Warehouse in Dalton,
For Sale
Contact for pricing
406 4th Ave, Dalton, GA 30721
47,400 SF industrial warehouse with additional building for sale.
Property Size47,400 SF
Lot Size0.60 Acres
Price / SF$52.74
Days on Market189
Property Features for 406 4th Ave
General Information
Standard status
Active
Size
47,400 SF
Lot size
0.60 Acres
Property subtype
Industrial
Zoning
M-2
Lease Type
NNN
Building Details
Year Built
1950
Year Renovated
2025
Buildings
3
Stories
1
Listing Agency:
Bull Realty, Inc.
Listed By:
Jeff Gary · License #152247
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 2:37PM
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 Bull Realty, Inc.
Investment Insights
Based on property information with market context.
This property features a ±47,400 SF industrial warehouse building, suitable for lease or sale, located at 406 4th Avenue in Dalton, Georgia. An additional free-standing ±3,400 SF adjacent building, currently leased month-to-month on 808 E Morris St, is also included. The property offers flexibility for owners or tenants seeking industrial warehouse, distribution, manufacturing, or retail space within Dalton’s business corridor. Loading docks are accessible from E Morris St, with ±0.60 acres of potential outside storage area, making it suitable for carpet industry-related uses or new industries. Situated in the carpet capital of the world, the location benefits from diverse economical industries, including solar, automotive parts, and food manufacturing. Dalton is a hub for flooring manufacturing, warehousing, and distribution. Hanwha Q Cells, a Korean-based solar manufacturing company, has a manufacturing center located there with over 600 employees. GEDIA, a German automotive parts manufacturer, also has a manufacturing facility in Dalton with over 100 employees, and Essential Proteins has established its new broth manufacturing site in Dalton. This concentration of industries reduces hiring friction for production, maintenance, and logistical staffing and broadens the demand drivers for the area.
Key Highlights
- ±47,400 SF industrial warehouse building available for lease or sale.
- Includes an additional free‑standing ±3,400 SF adjacent building currently leased month‑to‑month.
- Located in Dalton, GA, the "Carpet Capital of the World", with diverse industries.
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
$188,728
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
7.55%
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%
$3,774,560
$3.8M
Cap Rate 7%
$2,696,114
$2.7M
Cap Rate 9%
$2,096,978
$2.1M
Market Conditions
NOI Build-Up for 47,400 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
$284.4K $6.00/SF
− Vacancy
−$14.8K −$0.31/SF
EGI
$269.6K $5.69/SF
− OpEx
−$80.9K −$1.71/SF
NOI
$188.7K $3.98/SF
Area
Whitfield County, GA
Vacancy
5.20%
Lease Rate
$6.00 /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%
$3,774,560
Cap Rate 7%
$2,696,114
Cap Rate 9%
$2,096,978
Alternative Uses
Best Use
Warehouse
$3.42M
$2.99M – $3.99M
NOI $239,342 @ 7.0% cap · market cap 9.57%
Second Best
Industrial
$2.70M
$2.36M – $3.15M
NOI $188,728 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$7.57M
$6.62M – $8.83M
NOI $529,849 @ 7.0% cap · market cap 21.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
721
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 Industrial 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 - 47,400 SF industrial warehouse with additional building for sale.
Where is this warehouse located?
The property is located at 406 4th Ave Dalton, GA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: ±47,400 SF industrial warehouse building available for lease or sale.; Includes an additional free‑standing ±3,400 SF adjacent building currently leased month‑to‑month.; Located in Dalton, GA, the "Carpet Capital of the World", with diverse industries.
