Equipped Auto Shop with Special Use
For Sale
$1,700,000
263 Merchants Dr, Dallas, GA 30132
The property carries C-1 zoning and a county-approved special use permit.
Property Size4,900 SF
Price / SF$346.94
Days on Market185
Property Features for 263 Merchants Dr
General Information
Standard status
Active
Size
4,900 SF
Property subtype
Commercial
Zoning
C-1
Additional Details
Business Included
Yes
Building Details
Year Built
2004
Listing Agency:
The Realty Group
(404) 597-8724
Listed By:
Angie Gregory
Source:
Florida-georgia-realty
Added: Feb 27
Changed: Aug 31
Last Checked: Aug 30 at 6:16PM
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 The Realty Group
Investment Insights
Based on property information with market context.
This 4,900-square-foot automotive facility was built in 2004 and is equipped for transmission repair operations. The property is designated C-1 and includes a county-approved special use permit. Its location near downtown Dallas, Georgia, places the facility within an established local commercial setting.
Key Highlights
- 4,900‑square‑foot automotive facility
- Built in 2004
- C‑1 zoning
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
$68,920
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
4.05%
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%
$1,378,400
$1.4M
Cap Rate 7%
$984,571
$984.6K
Cap Rate 9%
$765,778
$765.8K
Market Conditions
NOI Build-Up for 4,900 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
$107.6K $21.96/SF
− Vacancy
−$9.1K −$1.87/SF
EGI
$98.5K $20.09/SF
− OpEx
−$29.5K −$6.03/SF
NOI
$68.9K $14.07/SF
Area
Paulding County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,378,400
Cap Rate 7%
$984,571
Cap Rate 9%
$765,778
Alternative Uses
Best Use
Retail
$984.6K
$861.5K – $1.15M
NOI $68,920 @ 7.0% cap · market cap 4.05%
Second Best
Industrial
$426.4K
$373.1K – $497.5K
NOI $29,850 @ 7.0% cap · market cap 1.76%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,314 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Truist
Shops & Services
4,742 visits/mo
0.2 miles
Exxon
Shops & Services
4,398 visits/mo
0.1 miles
Diamond Shamrock
Shops & Services
2,678 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Priest & Holcomb Auto Repair — 775 Seaboard Dr #500, Dallas, GA 30132
- Eazy wheel repair — 1001 Merchants Dr, Dallas, GA 30132
- GETTING HOOKED TOWING & RECOVERY
- Auto Glass Now® Hollyberry
- Henderson Collision Inc — 560 Hardee St, Dallas, GA 30132
Frequently Asked Questions
What type of property is this?
Auto shop - The property carries C-1 zoning and a county-approved special use permit.
Where is this auto shop located?
The property is located at 263 Merchants Dr Dallas, GA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4,900‑square‑foot automotive facility; Built in 2004; C‑1 zoning
