Warehouse Building with Conditioned
New
For Sale
$2,200,000
406 4th Avenue, Dalton, GA 30721
Flexible industrial building with separate climate-controlled and bulk-storage warehouse areas, loading docks, and outdoor operating space.
Property Size47,400 SF
Price / SF$46.41
Days on Market2
Property Features for 406 4th Avenue
General Information
Standard status
Active
Size
47,400 SF
Property subtype
Industrial - Warehouse/Distribution
Warehouse & Industrial
Warehouse Space
47,400 SF
Conditioned Warehouse
Yes
Additional Details
Outdoor Storage
Yes
Building Details
Building Size
47,400 SF
Year Built
1988
Year Renovated
2026
Buildings
1
Listing Agency:
SVN | Second Story Real Estate Management
(423) 598-6968
Listed By:
Baker Townsend · License ##371971
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 5:07AM
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 SVN | Second Story Real Estate Management
Investment Insights
Based on property information with market context.
This warehouse building at 406 4th Avenue in Dalton, Georgia, was constructed in 1988 and offers two distinct operating environments. Suite A contains 23,000 SF of conditioned warehouse space, while Suite B provides 24,400 SF of unconditioned warehouse area for bulk storage and distribution. The property also includes loading docks and a 0.5-acre IOS outdoor area adjacent to the dock doors.
Recent improvements include roof work, exterior siding and paint, gutters, drainage, removal of the existing wood subfloor, and installation of new concrete ramps in the center of the warehouse. The backside gravel parking lot and laydown yard is positioned next to the loading docks. The owners are willing to fence the outdoor space.
Recent improvements include roof work, exterior siding and paint, gutters, drainage, removal of the existing wood subfloor, and installation of new concrete ramps in the center of the warehouse. The backside gravel parking lot and laydown yard is positioned next to the loading docks. The owners are willing to fence the outdoor space.
Key Highlights
- 23,000 SF of conditioned warehouse space in Suite A
- 24,400 SF of unconditioned warehouse space in Suite B
- 0.5‑acre IOS outdoor area beside the dock doors
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
8.58%
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 10.88%
Second Best
Industrial
$2.70M
$2.36M – $3.15M
NOI $188,728 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$7.57M
$6.62M – $8.83M
NOI $529,849 @ 7.0% cap · market cap 24.08%
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.
Similar Off Market Nearby
- RW STORAGE — 418 Kirk St, Dalton, GA 30721
- 24Hour Self Storage - Walnut — 1525 E Walnut Ave, Dalton, GA 30721
- In and Out Storage — 505 Straight St, Dalton, GA 30721
- B & S Properties — 1137 E Walnut Ave, Dalton, GA 30721
- GWB Holdings, 24 Hour Self Storage — 301 E Emery St, Dalton, GA 30721
Frequently Asked Questions
What type of property is this?
Warehouse - Flexible industrial building with separate climate-controlled and bulk-storage warehouse areas, loading docks, and outdoor operating space.
Where is this warehouse located?
The property is located at 406 4th Avenue Dalton, GA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 23,000 SF of conditioned warehouse space in Suite A; 24,400 SF of unconditioned warehouse space in Suite B; 0.5‑acre IOS outdoor area beside the dock doors
