Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    431 W Memorial Drive Dallas, GA 30132

    View on Map
    For Sale
    $345,000

    COMMERCIAL - Dallas, GA

    Property size:
    2,150 SF
    Lot size:
    0.26 Acres
    Added:
    Dec 26, 2025
    Days on Market:
    96
    Last Refresh:
    Apr 1 at 6:06 am

    Property Features for 431 W Memorial Drive

    General Information

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

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    2060

    Utilities

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

    Building Details

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

    We can help!

    Listing Contact
    Robert Wolf

    Listing agent Robert Wolf License #166628

    Listing office Keller Williams Realty Partners 722 Stonecroft Lane, Woodstock, GA

    Listing date Dec 26, 2025

    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.

    Overview

    Historic Victorian with Flexible Zoning

    Located in Downtown Dallas, near Courthouse Square, this renovated 1900 Victorian-style property offers flexible residential or commercial zoning. Previously operated as a medical/chiropractic practice and currently used as a residence, the property suits various uses. It features four bedrooms (or offices) and 2.5 bathrooms, suitable for residential living, professional offices, boutique retail, or other commercial uses. Original architectural details are complemented by 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 provides additional storage or potential flex/office areas. With over 60 feet of road frontage along W Memorial Drive, the property offers visibility and accessibility. It is near dining, shopping, schools, and local businesses. The property is suited for a law office, medical practice, salon, boutique, or private home. The property size is 2150 square feet and the lot size is 0.26 acres.
    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

    Nearby Similar for Sale

    • $479,999

      Secluded Ranch Retreat on Acres

      7+ acre ranch retreat in Dallas, move-in ready.
      250 Memorial Drive, Dallas, GA 30132
      View Details
    • $609,900
      2,770 SF

      Ranch Home in Randolph Farms

      True ranch home in sought after Randolph Farms.
      60 Barnwood Pointe, Dallas, GA 30132
      View Details
    • $559,900
      2,515 SF

      Craftsman Home in Randolph Farms

      Well-appointed home with gourmet kitchen and designer finishes.
      3 Barnwood Pointe, Dallas, GA 30132
      View Details
    • $559,900
      2,515 SF

      New Craftsman Home in Dallas, GA

      New construction home with modern farmhouse design and desirable features.
      99 Barnwood Pointe, Dallas, GA 30132
      View Details
    • $75,000
      1,596 SF

      Commercial Mobile Home in Dallas

      Commercial mobile home with office space potential in Dallas, GA.
      240 Professional Court, Dallas, GA 30132
      View Details
    • $850,000

      Three Homes on Ten Acres

      Three homes on 10 acres near downtown Atlanta.
      7719 Rockmart Highway, Dallas, GA 30132
      View Details
    • $75,000
      1,596 SF

      Commercial Mobile Home in Dallas

      Commercial mobile home with office space potential in Dallas, GA.
      240 Professional Court, Dallas, GA 30132
      View Details
    • $659,900
      2,900 SF

      New Ranch Home in Dallas

      Spacious 4-bed, 4-bath ranch home on a 0.52-acre lot.
      75 Barnwood Pointe, Dallas, GA 30132
      View Details
    • $1,700,000
      4,800 SF

      Turnkey Transmission Repair Business

      Profitable transmission repair business with high-visibility location near downtown Dallas.
      263 Merchants Drive unit: A, Dallas, GA 30132
      View Details
    • $1,350,000
      8,000 SF

      Multi-Use Professional Building For Sale

      8,000 SF professional building near WellStar Paulding Medical Center.
      100 Greystone Power Blvd, Dallas, GA 30157
      View Details
    • $1,350,000
      8,000 SF

      Professional Building Near WellStar

      8,000 SF professional building near WellStar Paulding Medical Center.
      100 Greystone Power Blvd, Dallas, GA 30157
      View Details
    • $1,550,000
      16,772 SF

      Dallas Office Building For Sale

      16,772 SqFt office building available in Dallas, Georgia.
      504 W Memorial Dr, Dallas, GA 30132
      View Details

    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 Drive Dallas, GA.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: Flexible zoning offers diverse usage options.; Prime downtown location near Courthouse Square.; Beautifully renovated 1900 Victorian with original architectural details and modern updates.
    (770) 529-0707
    We can help!
    Listing Contact
    Robert Wolf
    Real Estate License ID: 166628
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!