Storefront Property With Three
For Sale
$600,000
501 S Thornton Avenue, Dalton, GA 30720
Commercial Sale, DALTON, GA
Property Size3,303 SF
Lot Size0.48 Acres
Price / SF$181.65
Days on Market711
Property Features for 501 S Thornton Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM LMTD
Elementary school district
12
Middle school district
12
High school district
12
Subdivision
1-Dalton City-West
Standard status
Active
APN
12-238-23-014
Size
3,303 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
4046
Amenities
detached garage
enclosed gazebo
Building Details
Floors in Building
2
Listing Agency:
Coldwell Banker Kinard Realty - Dalton · Coldwell Banker Real Estate
(706) 226-5182
Listed By:
Cheryl Burgess
(706) 270-4124
Added: Sep 16, 2024
Changed: Aug 19
Last Checked: Aug 27 at 2:06PM
MLS# 127655
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 3,303-square-foot storefront property occupies a 0.48-acre parcel in Dalton, Georgia. The building features generously sized rooms, high ceilings, and detailed interior character. A detached garage and an enclosed gazebo are also included on the property.
Three road frontages serve the site, providing multiple points of access. The property has previously supported an antique store, travelers rest, massage and therapy services, and a tea room, offering a documented history of varied commercial use.
Located at 501 S Thornton Avenue, the property combines a distinctive existing building with accessory improvements and a multi-frontage site configuration.
Three road frontages serve the site, providing multiple points of access. The property has previously supported an antique store, travelers rest, massage and therapy services, and a tea room, offering a documented history of varied commercial use.
Located at 501 S Thornton Avenue, the property combines a distinctive existing building with accessory improvements and a multi-frontage site configuration.
Key Highlights
- 3,303‑square‑foot storefront building on 0.48 acres
- Three road frontages provide multiple access points
- Detached garage and enclosed gazebo included
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
$21,071
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
3.51%
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%
$421,420
$421.4K
Cap Rate 7%
$301,014
$301.0K
Cap Rate 9%
$234,122
$234.1K
Market Conditions
NOI Build-Up for 3,303 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
$32.9K $9.96/SF
− Vacancy
−$2.8K −$0.85/SF
EGI
$30.1K $9.11/SF
− OpEx
−$9.0K −$2.73/SF
NOI
$21.1K $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 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%
$421,420
Cap Rate 7%
$301,014
Cap Rate 9%
$234,122
Alternative Uses
Best Use
Retail
$301.0K
$263.4K – $351.2K
NOI $21,071 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$527.5K
$461.5K – $615.4K
NOI $36,922 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ruth & Doyle's Florist — 407 N Thornton Ave #3, Dalton, GA 30720
- Special Occasions — 908 N Glenwood Ave, Dalton, GA 30721
Frequently Asked Questions
What type of property is this?
Storefront property - The property has accommodated retail, hospitality, and service-oriented businesses.
Where is this storefront property located?
The property is located at 501 S Thornton Avenue Dalton, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,303‑square‑foot storefront building on 0.48 acres; Three road frontages provide multiple access points; Detached garage and enclosed gazebo included
