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    288 Riley Rd Dahlonega, GA 30533

    For Sale
    $699,000

    Multi-tenant warehouse, high ROI potential.

    Property size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Exceptional value-add opportunity awaits with this three-building warehouse complex located at 288 Riley Road, Dahlonega, GA 30533. This 6,400 square foot property sits on a 0.64-acre lot and boasts a current NOI of $50,000, translating to a 7.15% cap rate. However, with a pro-forma NOI of $84,000, the potential cap rate jumps to an impressive 12.02%. Currently 65% occupied, this multi-tenant warehouse presents significant upside potential for increased occupancy and revenue. Built in 2010, the property benefits from its prime location near the University of North Georgia and downtown Dahlonega, ensuring high visibility and convenient access. The property includes a self-storage facility with 55 units and U-Haul rentals, providing diversified income streams. Its proximity to the Lumpkin County Courthouse and the recently opened Whataburger further enhances its desirability. This net-lease property offers a compelling investment opportunity in a thriving Georgia market. The property's strategic location and potential for increased profitability make it an ideal addition to any commercial real estate portfolio. Don't miss this chance to acquire a well-positioned asset with substantial growth potential.

    Property Features for 288 Riley Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    6,400 SF
    Lot Size
    27,878 SF

    Building Details

    Year Built
    2010
    Buildings
    3

    HighLights

    • Three‑building warehouse complex totaling 6,400 square feet on a 0.64‑acre lot in Dahlonega, GA.
    • Currently generating $50,000 NOI with a 7.15% cap rate; pro‑forma NOI of $84,000 projects a 12.02% cap rate.
    • 65% occupancy with significant upside potential for increased revenue.
    • Built in 2010, strategically located near UNG and downtown Dahlonega.
    • Includes 55‑unit self‑storage facility and U‑Haul rentals, offering diversified income streams.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dahlonega Same Day ... Self-Storage Facility U-Haul Neighborhood Dealer Trailer Rental Service

    Suggested Use

    Realty agency Restaurant Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dahlonega
    County
    Lumpkin - GA
    State
    Georgia
    Longitude
    -83.9770269
    Latitude
    34.5285924

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant warehouse, high ROI potential.
    Where is this distribution property located?
    The property is located at 288 Riley Rd Dahlonega, GA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Three-building warehouse complex totaling 6,400 square feet on a 0.64-acre lot in Dahlonega, GA.; Currently generating $50,000 NOI with a 7.15% cap rate; pro-forma NOI of $84,000 projects a 12.02% cap rate.; 65% occupancy with significant upside potential for increased revenue.
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    Dahlonega, GA 30533
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    288 Riley Rd Dahlonega, GA 30533
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