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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2515 Cleveland Hwy Dalton, GA 30721-9318

    • Strip malls
    • 10,800 SF
    • 1.14 lot acres
    OFF-MARKET
    Last Sale
    Nov 24, 2021
    $850,000
    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1508892
    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

    • FCITS / General Contractor / Renovation Specialist
    • Salon 71 / Hair Salon / Nail Salon
    • Ronnie Siniard Insurance Agency / Insurance Agency
    • The Positive Effect Massage Clinic LLC / Alternative Medicine Practice / Spa & Massage Center
    • Iglesia Del Que Está Sentado En El Trono y Del Cordero / Church

    Property Details for 2515 Cleveland Hwy

    Year built
    1995
    Lot size
    1.14 lot acres
    Property size
    10,800 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    12-088-11-000
    APU
    1208811000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $895,000
      ML approach
      $885,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,410,000
      RESTAURANT
      $1,410,000
      AUTO REPAIR, GARAGE
      $1,105,000
      COMMERCIAL (GENERAL)
      $945,000
      RETAIL STORES
      $730,000
      MEDICAL BUILDING
      $700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Dalton
    County
    Whitfield
    State
    Georgia
    Longitude
    -84.9457
    Latitude
    34.823
    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
    $7,459
    $51,795
    $201,091
    $252,886
    -
    $129,487
    $502,727
    $632,214

    Comparable in this City

    • Value Estimation
      $1,970,000
      56,418 SF

      1263 Glenwood Ave

      SHOPPING CENTER, STRIP CENTER • 56,418 SF
      1263 Glenwood Ave, Dalton, GA 30721-2603
      View Details
    • Value Estimation
      $1,300,000
      2,800 SF

      2208 Cleveland Hwy

      SHOPPING CENTER, STRIP CENTER • 2,800 SF
      2208 Cleveland Hwy, Dalton, GA 30721-9313
      View Details
    • Value Estimation
      $540,000
      14,904 SF

      1141 Walnut Ave

      SHOPPING CENTER, STRIP CENTER • 14,904 SF
      1141 Walnut Ave, Dalton, GA 30721-4172
      View Details
    • Value Estimation by Request
      4,920 SF

      403 Mcghee Dr

      SHOPPING CENTER, STRIP CENTER • 4,920 SF
      403 Mcghee Dr, Dalton, GA 30721-4364
      View Details
    • Value Estimation by Request
      8,944 SF

      1008 Morris St

      SHOPPING CENTER, STRIP CENTER • 8,944 SF
      1008 Morris St, Dalton, GA 30721-3683
      View Details
    • Value Estimation by Request
      5,600 SF

      522 Martin Luther King Jr Blvd

      SHOPPING CENTER, STRIP CENTER • 5,600 SF
      522 Martin Luther King Jr Blvd, Dalton, GA 30721-3201
      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
    • New
      $495,000
      1.90 Acres

      Prime Development Lot in Dalton

      1.9-acre lot in high-traffic location near developing shopping center.
      2320 Cleveland Hwy, Dalton, GA 30721
      View Details
    • $1,200,000

      Patterson Farms Retail Development Opportunity

      Outparcel in Patterson Farms for retail development with great visibility.
      Pacer Ln, Dalton, GA 30721
      View Details
    • 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
    • $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
    • $699,000

      High-Exposure Commercial Corner in Dalton

      2.31 acres with office structures, ideal for various commercial uses.
      2213 Cleveland Hwy, 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
    • $1,800 /Mo

      Glenwood Avenue Retail/Office Space

      High-traffic retail or office space available, remodeled in May 2025.
      1018 N Glenwood Ave, Dalton, GA 30721
      View Details
    • $800 /Mo

      Office or Retail Space Available

      Office or retail space for rent, approximately 1050 sq ft.
      512 Martin Luther King Jr Blvd, 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
    • $4 SF/Yr

      Industrial Space with Outdoor Storage

      47,400 SF industrial space with outdoor storage available for lease.
      406 4Th Ave, Dalton, GA 30721
      View Details
    • $36,000

      Industrial Building with Trailer Storage

      Well-maintained building with land for trailer storage in Dalton.
      2195 Industrial South Rd, Dalton, GA 30721
      View Details
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    2515 Cleveland Hwy
    Dalton, GA 30721-9318
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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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