Commercial Land with Highway
For Sale
$675,000
2361 Hiram Acworth Highway, Dallas, GA 30157
Commercial Sale, Dallas, GA
Property Size1,538 SF
Lot Size1.74 Acres
Price / SF$438.88
Days on Market204
Property Features for 2361 Hiram Acworth Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3
Parking
4
Window features
Insulated Windows
Interior features
Restrooms
Lot features
Level
View
City
Directions
From Marietta take Whitlock and stay straight until it turns into Dallas Hwy. Travel to intersection of Dallas Hwy and Hwy 92 (Hiram Acworth Hwy) then turn left. The property will be immediately on your right. GPS works too.
Standard status
Active
Size
1,538 SF
Lot size
1.74 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
757
Utilities
Utilities
Cable Available
Sewer type
Septic Tank, Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Flooring type
Carpet
Building materials
Brick 4 Sides
Listing Agency:
Atlanta Communities
(770) 240-2004
Listed By:
Matt Iles · License #373381
(404) 867-2377
Added: Feb 6
Changed: Aug 19
Last Checked: Aug 29 at 10:06AM
MLS# 7715709
Copyright © 2026 First Multiple Listing Service, Inc. 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 property features approximately 2.1 acres of land currently zoned R3-Residential. It offers 200 feet of road frontage on Hiram Acworth Highway (Hwy 92) in Dallas, GA, near the Charles Hardy Parkway (GA 120) and Hiram Acworth (Hwy 92) intersection. The location is across the street from the Stars and Strikes Family Entertainment Complex. The property benefits from a traffic count of approximately 15,000 vehicles per day, according to GDOT data. There are two existing residential buildings: a 3-bedroom, 2-bathroom ranch and a 3-bedroom, 2-bathroom mobile home on a permanent foundation. A GDOT road widening project is planned, which will take approximately 0.3 acres of road frontage. The property has potential for various business applications. Additional space may be assembled up to approximately 7.4 acres with the purchase of three additional parcels located directly behind this parcel, allowing road frontage on both Charles Hardy Parkway and Hwy 92.
Key Highlights
- 2.1 acres of land with commercial potential, zoned R3‑Residential and located on Hiram Acworth Hwy (Hwy 92).
- Excellent location directly across from Stars and Strikes Family Entertainment Complex.
- High traffic count of approximately 15,000 vehicles per day.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,662
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,240
$413.2K
Cap Rate 7%
$295,171
$295.2K
Cap Rate 9%
$229,578
$229.6K
Market Conditions
NOI Build-Up for 1,538 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.0K $26.04/SF
− Vacancy
−$2.5K −$1.61/SF
EGI
$37.6K $24.43/SF
− OpEx
−$16.9K −$10.99/SF
NOI
$20.7K $13.43/SF
Area
Paulding County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$413,240
Cap Rate 7%
$295,171
Cap Rate 9%
$229,578
Alternative Uses
Best Use
Apartment 5plus
$295.2K
$258.3K – $344.4K
NOI $20,662 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.9K
$377.9K – $503.9K
NOI $30,231 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
Demographics for 30157, GA
50,727
Population
18,804
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
91%
High-School Grad
85.1 sq mi
ZIP Area
596
Density / Sq Mi
$93,562
Median Household Income
$50,610
Median Earnings
$1,485
Median Rent
$261,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.1 acres of commercial land with business potential.
Where is this commercial land located?
The property is located at 2361 Hiram Acworth Highway Dallas, GA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2.1 acres of land with commercial potential, zoned R3‑Residential and located on Hiram Acworth Hwy (Hwy 92).; Excellent location directly across from Stars and Strikes Family Entertainment Complex.; High traffic count of approximately 15,000 vehicles per day.
