Equipped Transmission Repair
For Sale
$1,700,000
263 Merchants Drive, Dallas, GA 30132
Commercial Sale, Dallas, GA
Property Size4,800 SF
Lot Size1.58 Acres
Price / SF$354.17
Days on Market330
Property Features for 263 Merchants Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking
75
Parking features
Parking Lot
Interior features
High Ceilings 10 or Greater, Reception Area, Restrooms
Fencing
Chain Link
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
GPS
Standard status
Active
APN
045880
Size
4,800 SF
Lot size
1.58 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4890
Utilities
Utilities
Cable Available
Building Details
Year built
2004
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
The Realty Group
(678) 564-2555
Listed By:
Angela Gregory · License #329734
(404) 597-8724
Added: Oct 24, 2025
Changed: Aug 19
Last Checked: Sep 18 at 10:06PM
MLS# 7675623
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 4,800-square-foot automotive facility houses a fully equipped transmission repair operation within a freestanding commercial building. The property includes a reception area, restrooms, ceilings measuring 10 feet or greater, concrete flooring, a metal roof, and an accessible approach with ramp. A paved parking lot and chain-link fencing support day-to-day operations, while cable service is available.
The 1.58-acre property is located at 263 Merchants Drive in Dallas, Georgia, near downtown Dallas. It carries C1 zoning and a county-approved special use permit. Constructed in 2004, the facility combines an established automotive-use setup with dedicated site and customer-area improvements.
The 1.58-acre property is located at 263 Merchants Drive in Dallas, Georgia, near downtown Dallas. It carries C1 zoning and a county-approved special use permit. Constructed in 2004, the facility combines an established automotive-use setup with dedicated site and customer-area improvements.
Key Highlights
- Fully equipped transmission repair facility
- 4,800 square feet on 1.58 acres
- C1 zoning with county‑approved special use permit
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
$67,514
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
3.97%
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%
$1,350,280
$1.4M
Cap Rate 7%
$964,486
$964.5K
Cap Rate 9%
$750,156
$750.2K
Market Conditions
NOI Build-Up for 4,800 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
$105.4K $21.96/SF
− Vacancy
−$9.0K −$1.87/SF
EGI
$96.4K $20.09/SF
− OpEx
−$28.9K −$6.03/SF
NOI
$67.5K $14.07/SF
Area
Paulding County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,350,280
Cap Rate 7%
$964,486
Cap Rate 9%
$750,156
Alternative Uses
Best Use
Retail
$964.5K
$843.9K – $1.13M
NOI $67,514 @ 7.0% cap · market cap 3.97%
Second Best
Industrial
$417.7K
$365.5K – $487.4K
NOI $29,241 @ 7.0% cap · market cap 1.72%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,349 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Truist
Shops & Services
4,742 visits/mo
0.2 miles
Exxon
Shops & Services
4,398 visits/mo
0.1 miles
Diamond Shamrock
Shops & Services
2,678 visits/mo
0.1 miles
Demographics for 30132, GA
46,580
Population
18,016
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
93%
High-School Grad
102.4 sq mi
ZIP Area
455
Density / Sq Mi
$102,800
Median Household Income
$48,262
Median Earnings
$1,514
Median Rent
$332,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding automotive facility with C1 zoning, a county-approved special use permit, and dedicated customer-facing improvements.
Where is this auto shop located?
The property is located at 263 Merchants Drive Dallas, GA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Fully equipped transmission repair facility; 4,800 square feet on 1.58 acres; C1 zoning with county‑approved special use permit
