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    303 W Trade St Dallas, NC 28034

    Sponsored
    For Sale
    $525,000

    COMMERCIAL - Dallas, NC

    Lot size:
    0.49 Acres
    Days on Market:
    45
    Last Refresh:
    Feb 20 at 1:06 am

    Property Features for 303 W Trade St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Bathrooms
    3
    APN
    132096
    Parking
    10
    Parking features
    On Street, Garage, Driveway, Garage - Detached
    Lot size
    0.49 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Floor Furnace, Central, Natural Gas, Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1970
    Floors in Building
    2
    Building materials
    Wood
    Roof type
    Composition
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    Norris Lamb
    Norris Lamb

    Premier South (704) 829-3518

    Listing agent Norris Lamb (704) 460-4211

    Listing date Jan 7, 2026

    MLS# 4314858

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Downtown Dallas Commercial Space

    This historic commercial space is centrally located in downtown Dallas, North Carolina, offering high visibility with a traffic count exceeding 16,500 vehicles per day. The property includes a downstairs area featuring three offices, a conference room, two half bathrooms, a kitchen/break area, a common area, a file room/sitting area, an entrance with a ramp, a storage area, and a large covered wrap-around porch. The upstairs area contains three offices, a reception area, a half bathroom, a storage area, and dual HVAC units. Additionally, there is a detached one-car garage with 706 square feet of flex space, wired with water and septic available, along with a separate storage building. The lot size is 0.49 acres. The property is zoned B3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    James R Hovis ... Tax Preparation

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.178927
    Latitude
    35.316322

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    FAQs

    What type of property is this?
    Office building - Historic commercial building in downtown Dallas with high traffic visibility.
    Where is this office building located?
    The property is located at 303 W Trade St Dallas, NC.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Centrally located historic business space in downtown Dallas with HIGH VISIBILITY (16,500+ traffic count per day).; - Downstairs features 3 offices, conference room, 2 half baths, kitchen/break area, common area, file/sitting area, ramp entrance, storage, and LARGE COVERED WRAP-AROUND PORCH.; - Upstairs features 3 offices, reception area, half bath, storage area, and dual HVAC units.
    (704) 460-4211
    Request Owner's contact information
    303 W Trade St Dallas, NC 28034
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    Dallas, NC 28034
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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
    303 W Trade St Dallas, NC 28034
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    We can help!
    Listing Contact
    Norris Lamb
    Norris Lamb
    Real Estate License ID: NC 286038
    (704) 460-4211
    Learn more
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