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    The Largest CRE Database in the US with Over 1 Million Listings

    431 W Memorial Dr Dallas, GA 30132

    Sponsored
    For Sale
    $399,900

    COMMERCIAL - Dallas, GA

    Property size:
    2,150 SF
    Lot size:
    0.26 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 21 at 5:06 am

    Property Features for 431 W Memorial Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    5449
    Parking
    6
    Parking features
    Parking Lot
    Size
    2,150 SF
    Lot size
    0.26 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    1900
    Flooring type
    Tile, Hardwood
    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Robert Wolf

    Platinum Select Partners, LLC (678) 494-0644

    Listing agent Robert Wolf (678) 494-0644

    Listing date Feb 12, 2026

    MLS# 10661810

    Copyright © 2026 Georgia Multiple Listing Service. 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 Victorian Flexible Use Property

    Located in Downtown Dallas, this renovated 1900 Victorian-style property offers residential or commercial zoning. Previously operated as a medical/chiropractic practice and currently used as a residence, the property provides flexibility for various uses. The layout includes four bedrooms (or offices) and 2.5 bathrooms, suitable for residential living, professional offices, boutique retail, or other approved commercial uses. Original architectural details are paired with updates, including hardwood and tile flooring, updated fixtures, a renovated kitchen with ample cabinetry and eat-in space, and updated bathrooms. A new HVAC system was installed in August 2024. The expansive attic space offers additional storage or potential flex/office areas. With over 60 feet of road frontage along W Memorial Drive, the property benefits from visibility and accessibility. It is positioned near dining, shopping, schools, and local businesses. The property is situated on a 0.26-acre lot. The property is 2150 square feet. Potential business uses include a law office, medical practice, salon, or boutique.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Teal Clinic Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Paulding
    State
    Georgia
    Longitude
    -84.849508
    Latitude
    33.923519

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated Victorian in Downtown Dallas with residential or commercial zoning.
    Where is this mixed-use property located?
    The property is located at 431 W Memorial Dr Dallas, GA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - Grandfathered zoning offers exceptional flexibility.; - Prime location in the heart of Downtown Dallas, steps from Courthouse Square.; - Renovated 1900 Victorian with original architectural details and modern updates, including a new HVAC system (August 2024).
    (678) 494-0644
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    431 W Memorial Dr Dallas, GA 30132
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    Dallas, GA 30132
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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
    431 W Memorial Dr Dallas, GA 30132
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    We can help!
    Listing Contact
    Robert Wolf
    (678) 494-0644 (770) 529-0707
    Learn more
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