Mixed-Use Office Building with Flex
For Sale
$600,000
207 East Memorial Drive, Dallas, GA 30132
Four separately configured spaces include a lower-level apartment-flex area and reception, restroom, and central air features.
Property Size2,008 SF
Lot Size3.66 Acres
Price / SF$298.80
Days on Market403
Property Features for 207 East Memorial Drive
General Information
Standard status
Active
Size
2,008 SF
Total Parking Spaces
10
Lot size
3.66 Acres
Property subtype
Commercial Sale / Mixed Use
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,823
Amenities
Central Air
Forced Air
Bath/Stubbed
Carpet
Block
Two
Reception Area, Restrooms
Asphalt, Metal
No
Asphalt
5
City Street
Block, Frame, Vinyl Siding
Building Details
Year Built
1930
Listing Agency:
LOCAL Realty
(470) 467-9000
Listed By:
Boyd Monk · License #364614
(470) 467-9000
Source:
Compass
Added: Jul 25, 2025
Changed: Aug 29
Last Checked: Aug 31 at 12:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LOCAL Realty
Investment Insights
Based on property information with market context.
This 2,008-square-foot mixed-use office building has a duplex-style configuration with four separate spaces. The lower level includes an apartment-flex area, while interior features include a reception area, restrooms, central air, forced-air heating, carpet, and bath stubbed. Constructed in 1930, the building has block, frame, and vinyl siding components.
The property occupies 3.66 acres at 207 East Memorial Drive in Dallas, Georgia. Access is available from East Memorial Drive, East Griffin Street, and East Spring Street, and Historic Downtown Dallas is within walking distance. The roof and rear deck are approximately 2 years old.
The property occupies 3.66 acres at 207 East Memorial Drive in Dallas, Georgia. Access is available from East Memorial Drive, East Griffin Street, and East Spring Street, and Historic Downtown Dallas is within walking distance. The roof and rear deck are approximately 2 years old.
Key Highlights
- 2,008‑square‑foot mixed‑use office building with duplex‑style configuration
- Four separate spaces, including a lower‑level apartment‑flex area
- Situated on 3.66 acres
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
$26,889
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
4.48%
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%
$537,780
$537.8K
Cap Rate 7%
$384,129
$384.1K
Cap Rate 9%
$298,767
$298.8K
Market Conditions
NOI Build-Up for 2,008 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
$47.9K $23.87/SF
− Vacancy
−$12.1K −$6.02/SF
EGI
$35.9K $17.85/SF
− OpEx
−$9.0K −$4.46/SF
NOI
$26.9K $13.39/SF
Area
Paulding County, GA
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
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%
$537,780
Cap Rate 7%
$384,129
Cap Rate 9%
$298,767
Alternative Uses
Best Use
Office B
$384.1K
$336.1K – $448.2K
NOI $26,889 @ 7.0% cap · market cap 4.48%
Second Best
Mixed Use
$378.7K
$331.3K – $441.8K
NOI $26,506 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$563.8K
$493.4K – $657.8K
NOI $39,469 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four separately configured spaces include a lower-level apartment-flex area and reception, restroom, and central air features.
Where is this mixed-use property located?
The property is located at 207 East Memorial Drive Dallas, GA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,008‑square‑foot mixed‑use office building with duplex‑style configuration; Four separate spaces, including a lower‑level apartment‑flex area; Situated on 3.66 acres
