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    Property profile & analytics

    2311 Morris St Dalton, GA 30721-4373

    • Outlet malls
    • 31,200 SF
    • 2.86 lot acres
    OFF-MARKET
    Last Sale
    Sep 21, 2023
    $3,500,000
    Value Estimations
    $3,990,000
    Show details
    Cap Rate Potential
    4.9%
    Outlet malls
    Location Intelligence
    Property ID
    US22-1771695
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alpine Self Storage Unit / Self-Storage Facility
    • bealls / Fashion Accessories Store / Handbags Shop

    Property Details for 2311 Morris St

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    2.86 lot acres
    Property size
    31,200 SF
    Property type
    Outlet malls
    APN
    12-242-06-006
    APU
    1224206006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,030,000
      ML approach
      $4,020,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,315,000
      6.5%
      $3,060,000
      7%
      $2,845,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dalton
    County
    Whitfield
    State
    Georgia
    Longitude
    -84.9328
    Latitude
    34.7652
    CBSA code
    19140
    CBSA name
    DALTON, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,826
    $136,757
    $196,386
    $333,143
    -
    $341,892
    $490,966
    $832,858

    Comparable in this City

    • Value Estimation
      $280,000
      2,262 SF

      304 Morris St

      WHOLESALE OUTLET, DISCOUNT STORE • 2,262 SF
      304 Morris St, Dalton, GA 30721-3305
      View Details
    • Value Estimation
      $105,000
      2,335 SF

      1209 Dawnville NE Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 2,335 SF
      1209 Dawnville NE Rd, Dalton, GA 30721-6806
      View Details
    • Value Estimation
      $10,010,000
      130,833 SF

      1212 Glenwood Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 130,833 SF
      1212 Glenwood Ave, Dalton, GA 30721-2602
      View Details
    • Value Estimation
      $305,000
      6,200 SF

      401 Morris St

      WHOLESALE OUTLET, DISCOUNT STORE • 6,200 SF
      401 Morris St, Dalton, GA 30721-3402
      View Details
    • Value Estimation
      $890,000
      10,880 SF

      2212 Cleveland Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 10,880 SF
      2212 Cleveland Hwy, Dalton, GA 30721-8151
      View Details
    • Value Estimation
      $285,000
      2,795 SF

      529 Glenwood Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 2,795 SF
      529 Glenwood Ave, Dalton, GA 30721-2814
      View Details

    Similar Nearby for Sale

    • $399,000
      Pending

      Dalton Retail Property For Sale

      Retail property in Dalton, Georgia with leasing potential.
      101 North Oaks Dr, Dalton, GA 30721
      View Details
    • Contact for pricing
      1,050 SF

      Office or Retail Space Available

      Commercial space suitable for office or retail use.
      512 Martin Luther King Jr Blvd, Dalton, GA 30721
      View Details
    • $449,000
      1.09 Acres

      Prime Retail Site in Dalton

      Retail site suitable for QSR, bank, hotel, or office development.
      Smith Industrial Blvd, Dalton, GA 30721
      View Details
    • $999,000
      2,869 SF

      Corner Property in Dalton, GA

      Corner property suitable for retail or gas station development.
      436 S Glenwood Ave, Dalton, GA 30721
      View Details
    • New
      Contact for pricing
      2,000 SF

      Office/Retail Space Near Glenwood Avenue

      2,000 SF office/retail space in revitalized Dalton area.
      216 E Morris St, Dalton, GA 30721
      View Details
    • Contact for pricing
      1,125 SF

      Retail/Office Space in Dalton, GA

      1,125 sq ft retail/office space in busy shopping center.
      1137 E Walnut Ave, Dalton, GA 30721
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      3,312 SF

      Retail Space Sublease Opportunity

      Retail space available for sublease in Dalton, Georgia.
      1247 N Glenwood Ave, Dalton, GA 30721
      View Details
    • Contact for pricing
      277,486 SF

      Dalton Mall Retail Spaces

      Prime Dalton retail space available.
      816 Walnut Square Blvd, Dalton, GA 30721
      View Details
    • $3 SF/Yr
      165,000 SF

      Dalton Industrial Complex

      165,000 SF Multi-Tenant Facility
      1318 Underwood St, Dalton, GA 30721
      View Details
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    2311 Morris St
    Dalton, GA 30721-4373
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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