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    1139 Memorial Dr Dallas, GA 30132

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    1139 Memorial Dr Dallas, GA 30132

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    • Commercial real estate
    • 30.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1139 Memorial Dr

    Year built
    1800
    Lot size
    30.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 30.5-acre commercial property presents a unique investment opportunity in Dallas, Georgia. Strategically located on a major thoroughfare, W Memorial Drive, this expansive parcel enjoys high visibility and accessibility. The property is ideally situated amidst a mix of residential, commercial, and governmental entities, ensuring a vibrant and diverse surrounding environment. A significant portion (14+ acres) boasts stunning views and is nestled between W Memorial Drive and Hwy 278, offering exceptional development potential. The remaining 16+ acres are situated along Hwy 278 and the Silver Comet Trail, providing further exposure and amenity advantages. Currently zoned R2, the property is readily adaptable for commercial use, with rezoning anticipated to be straightforward. Annexation into the city is also a viable option. The seller offers flexibility, allowing for the purchase of the entire parcel or its division into two separate tracts, each with its own distinct characteristics and development possibilities. Furthermore, the seller is open to exploring land lease arrangements, providing additional avenues for investment and partnership. This property represents a rare opportunity to acquire a substantial land holding in a thriving Georgia community. Its prime location, versatile zoning, and the seller's willingness to accommodate various transaction structures make it an attractive proposition for developers, investors, and businesses seeking a strategic foothold in the Dallas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Paulding
    State
    Georgia
    Longitude
    -84.8649
    Latitude
    33.9208

    Comparable in this City

    • Value Estimation by Request
      5.80 Acres

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      10.00 Acres

      1298 Villa Rica Hwy

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      0.01 Acres

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      COMMERCIAL (GENERAL) • 0.01 Acres
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      0.30 Acres

      216 Memorial Dr

      Restaurants • 0.30 Acres
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      2.17 Acres

      Merchant Dr

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      214 Memorial Dr

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      214 Memorial Dr, Dallas, GA 30132
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      West Memorial Drive Property

      Property located on West Memorial Drive in Dallas, Georgia.
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      Downtown Dallas Land Opportunity

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      26.7 Acres Near Silver Comet Trail

      26.7-acre property bordering wildlife area and Silver Comet Trail.
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    Similar Nearby for Lease

    • $750 /Mo
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      Flexible Office Space Available

      Adaptable office space suitable for various business types.
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      Anchored Shopping Center Retail Space

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      Flexible Office Space Available

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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
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    1139 Memorial Dr, Dallas, GA, 30132

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