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    Property profile & analytics

    503 11Th Ave Dalton, GA 30721

    • Manufacturing properties
    • 29,510 SF
    • 1.18 lot acres
    For Sale
    View listing
    $1,575,000
    Last Sale
    Jan 22, 2024
    $440,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0943087
    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

    • Mitchell Machine Works Inc. / Machine Shop

    Property Details for 503 11Th Ave

    Year built
    1959
    Construction
    CONCRETE
    Lot size
    1.18 lot acres
    Property size
    29,510 SF
    Property type
    Manufacturing properties
    APN
    12-240-03-034
    APU
    1224003034

    Description

    This exceptional Dalton, GA industrial property offers a compelling investment opportunity. The 30,000 square foot building, situated on a 1.18-acre lot at 503 11th Ave, Dalton, GA 30721, is fully leased under a triple-net (NNN) lease with a creditworthy tenant. The lease commenced August 12, 2024, and has a remaining term of approximately 9.7 years, expiring August 12, 2034, with 5% annual rent bumps. The property boasts a 7.03% cap rate and a net operating income (NOI) of $123,000, with an asking price of $1,750,000 ($58.33/sq ft). Built in 1959 and zoned M-2, the building features 14' to 16' ceiling heights, five dock-high doors, one drive-in door, and a 1,600 square foot office area. The property includes a wet sprinkler system, six total cranes, and 480-volt, 3-phase electrical service. Its strategic location provides easy access to major transportation routes. This core investment presents a strong return on investment with potential for future growth. The property's single tenancy and long-term lease provide stability and predictable income. This is a rare opportunity to acquire a high-performing industrial asset in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $440,000
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $318,000
      Market price range: $197k - $1.08M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dalton
    County
    Whitfield
    State
    Georgia
    Longitude
    -84.9461
    Latitude
    34.7623
    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
    $5,606
    $18,360
    $156,894
    $175,254
    -
    $45,900
    $392,235
    $438,135

    Comparable in this City

    • Value Estimation
      $775,000
      189,280 SF

      138 Duckworth Rd

      HEAVY MANUFACTURING • 189,280 SF
      138 Duckworth Rd, Dalton, GA 30721-1606
      View Details
    • Value Estimation
      $790,000
      211,512 SF

      Ivc Dr

      MANUFACTURING (LIGHT) • 211,512 SF
      Ivc Dr, Dalton, GA 30721
      View Details
    • Value Estimation
      $985,000
      201,043 SF

      821 J And J Dr

      MANUFACTURING (LIGHT) • 201,043 SF
      821 J And J Dr, Dalton, GA 30721
      View Details
    • Value Estimation
      $295,000
      2,400 SF

      1614 Antioch Rd

      MANUFACTURING (LIGHT) • 2,400 SF
      1614 Antioch Rd, Dalton, GA 30721-4613
      View Details
    • Value Estimation
      $125,000
      2,400 SF

      208 Mccune St

      MANUFACTURING (LIGHT) • 2,400 SF
      208 Mccune St, Dalton, GA 30721-3019
      View Details
    • Value Estimation
      $1,030,000
      123,750 SF

      198 Nexus Dr

      MANUFACTURING (LIGHT) • 123,750 SF
      198 Nexus Dr, Dalton, GA 30721-1802
      View Details

    Similar Nearby for Sale

    • $1,575,000
      30,000 SF

      Fully Leased Dalton Industrial Property

      30,000 SF industrial building in Dalton, GA. 100% leased.
      503 11Th Ave, Dalton, GA 30721
      View Details
    • Contact for pricing
      9,000 SF

      Versatile Two-Story Brick Building

      9,000 sq ft commercial space with dock and drive-in.
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      2.20 Acres

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      10,000 sqft warehouse with distribution services available.
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      View Details
    • $524,900
      3.67 Acres

      Land For Sale in Dalton

      3.67 acre land parcel suitable for industrial or multi-family development.
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      View Details
    • $124,900
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      Dalton Warehouse with Dock Door

      Warehouse with office space, dock door, city location.
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    • $850,000
      18,500 SF

      Dalton Industrial Property Near I-75

      18,500 SF industrial property, 0.5 miles from I-75.
      360 Carbondale Rd SW, Dalton, GA 30721
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      165,000 SF

      Dalton Industrial Complex

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      View Details
    • Contact for pricing
      277,486 SF

      Dalton Mall Retail Spaces

      Prime Dalton retail space available.
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      View Details
    • $33 SF/Yr
      3,312 SF

      Retail Space Sublease Opportunity

      Retail space available for sublease in Dalton, Georgia.
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      View Details
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    503 11Th Ave
    Dalton, GA 30721
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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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