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

    70 Memorial Dr Dahlonega, GA 30533

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,590,000

    5,000+/- sq ft building in downtown Dahlonega.

    Property size:
    5,000 SF
    Lot size:
    0.59 Acres

    Property Features for 70 Memorial Dr

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.59 Acres

    Building Details

    Year built
    1974

    We can help!

    Listing Contact
    Victor Dover
    Source: Exitrealty

    Listing Agency: Dover Realty & Investments Inc Listing Agent: Victor Dover

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Dahlonega Commercial Building For Sale

    Located in downtown Dahlonega, this commercial building offers approximately 5,000 square feet of space with an open floorplan. The building, previously used for retail and professional business, is in excellent condition and ready for occupancy. An additional 5,000 square feet of below-level drive-in storage is accessible from the main level. The property includes ample parking on a 0.59-acre tract. Situated along a highly trafficked thoroughfare, the property's visibility and access are enhanced, with traffic expected to increase due to the upcoming opening of a new school under construction nearby. The building is within walking distance of Dahlonega's Downtown Public Square and the University of North Georgia, with sidewalk frontage and streetlight coverage. Neighboring businesses include Wells Fargo Bank, Georgia Farm Bureau Insurance, Stringer Insurance Agency, Captain D's, Domino's, Chic-fil-A, and Truist Bank. Utilities include city water and sewer, commercial-grade electrical, natural gas, streetlights, sidewalks, and high-speed internet. This property is suited for a business seeking a prime location with high visibility.
    Location Intelligence

    Current Use by Public Records

    Ledbetter Robert A Pharmacy Stanley R. Lewis, ... Pharmacy Master Liquidators Liquidator

    Suggested Use

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

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

    Similar Places Nearby

    La Fleur Flowers and Botanicals

    Location Insight

    • Map
    • Local Demand
    City
    Dahlonega
    County
    Lumpkin
    State
    Georgia
    Longitude
    -83.9789293
    Latitude
    34.5333576

    Nearby Similar for Sale

    • $1,590,000
      5,000 SF

      Dahlonega Commercial Building For Sale

      5,000+ sqft commercial building in downtown Dahlonega.
      70a Memorial Dr, Dahlonega, GA 30533
      View Details
    • $881,500
      0.52 Acres

      Historic Dahlonega Multifamily Investment Opportunity

      Income-producing property with short-term rental potential near Dahlonega's main square.
      315 Church St, Dahlonega, GA 30533
      View Details
    • $615,000
      1.35 Acres

      Renovated Duplex in Dahlonega, GA

      Two renovated homes on a single lot, great investment opportunity.
      375 Deerfield Dr, Dahlonega, GA 30533
      View Details
    • $1,750,000
      0.46 Acres

      Historic Dahlonega Inn on Main

      Restored 1845 estate in Dahlonega's National Historic District.
      168 West Main St, Dahlonega, GA 30533
      View Details
    • $1,750,000
      6,302 SF

      Historic Dahlonega Inn on Main

      Restored 1845 estate in Dahlonega's National Historic District.
      168 West Main St, Dahlonega, GA 30533
      View Details
    • $1,590,000
      5,000 SF

      Dahlonega Commercial Building For Sale

      5,000+ sqft commercial building in downtown Dahlonega.
      70a Memorial Dr, Dahlonega, GA 30533
      View Details
    • Contact for pricing
      Pending

      Established Auto Repair Business For Sale

      Turn-key auto repair business with land and modern equipment.
      2227 Oak Grove Rd, Dahlonega, GA 30533
      View Details
    • $699,000
      6,400 SF

      Dahlonega Warehouse Investment

      Multi-tenant warehouse, high ROI potential.
      288 Riley Rd, Dahlonega, GA 30533
      View Details
    • $259,000
      1,362 SF

      Historical Golden Gem

      Mountain View Retail Building w/ living quarters
      7089 Highway 19 North, Dahlonega, GA 30533
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Warehouse with Air Conditioning

      5,000 SF industrial warehouse in pristine condition, Dahlonega, GA.
      1245 Old Dahlonega Hwy, Dahlonega, GA 30533
      View Details
    • $595,000
      0.96 Acres

      Dahlonega Industrial/Office Complex

      Two Buildings, 0.96 Acres, $595,000
      1256 Morrison Moore Pkwy, Dahlonega, GA 30533
      View Details
    • $650,000
      2,880 SF

      Dahlonega Commercial Land Investment

      Two Parcels, 1.27 Acres, High Visibility
      267 Mechanicsville Rd, Dahlonega, GA 30533
      View Details

    FAQs

    What type of property is this?
    Storefront property - 5,000+/- sq ft building in downtown Dahlonega.
    Where is this storefront property located?
    The property is located at 70 Memorial Dr Dahlonega, GA.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: - Prime downtown Dahlonega location on a highly trafficked thoroughfare.; - Excellent visibility and easy access from the main street.; - **Large 5,000+\/- sq ft open floorplan building in excellent condition, ready for immediate occupancy.**
    (706) 864-2600
    Request Owner's contact information
    70 Memorial Dr Dahlonega, GA 30533
    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.
    70 Memorial Dr
    Dahlonega, GA 30533
    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
    70 Memorial Dr Dahlonega, GA 30533
    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

    We can help!
    Listing Contact
    Victor Dover
    Real Estate License ID: 145426
    (706) 864-2600 (706) 265-5855
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!