Building Details

Year built 1988

Floors in Building 2

Listing Agency: Trackside Realty, LLC Show Phone

Listed By: Rudy Ownbey Show Phone

Added: May 13, 2024 Changed: Sep 6 Last Checked: Oct 14 at 11:06AM

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MLS# 125917

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 3,365-square-foot mixed-use property, built in 1988, combines an apartment and garage with office-oriented space across two floors. The ground level can accommodate seven offices, while the upper level includes five offices and 25 cubicles for additional workspace or rental configurations. The apartment and garage are currently rented, providing an existing occupied component within the property.

Set on 0.31 acres at 524 McGhee Drive in Dalton, Georgia, the property offers a combination of office, residential, and garage space in a single commercial asset. Its existing layout supports multiple occupancy arrangements without relying on a single office configuration.

Key Highlights

• 3,365‑square‑foot mixed‑use property on 0.31 acres
• Built in 1988
• Ground floor can accommodate seven offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,714

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$454,280 $454.3K

Cap Rate 7%

$324,486 $324.5K

Cap Rate 9%

$252,378 $252.4K

Market Conditions

NOI Build-Up for 3,365 SF

Gross rent

$40.4K $12.00/SF

− Vacancy

−$4.0K −$1.20/SF

EGI

$36.3K $10.80/SF

− OpEx

−$13.6K −$4.05/SF

NOI

$22.7K $6.75/SF

Area

Whitfield County, GA

Vacancy

10.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$454,280

Cap Rate 7%

$324,486

Cap Rate 9%

$252,378

Alternative Uses

Best Use

Office B

$394.8K

$345.5K – $460.6K (±1% cap)

NOI $27,638 @ 7.0% cap · market cap 9.24%

Second Best

Mixed Use

$324.5K

$283.9K – $378.6K (±1% cap)

NOI $22,714 @ 7.0% cap · market cap 7.60%

Theoretical Best

Office A

$537.4K

$470.2K – $626.9K (±1% cap)

NOI $37,615 @ 7.0% cap · market cap 12.58%

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

Property Analytics

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Open Analytics

Current Use

Club Level Group/Quick ... Tax Preparation Quick Income Tax Tax Preparation

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom Garden Center Dental Office Big Box & Wholesale Store

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

1

Residential units

Location Intelligence

Trade Area within ½ mile

581

Businesses Nearby

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-story commercial property combining an occupied apartment and garage with flexible office configurations.

Where is this mixed-use property located?

The property is located at 524 McGhee Drive Dalton, GA.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 3,365‑square‑foot mixed‑use property on 0.31 acres; Built in 1988; Ground floor can accommodate seven offices