Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    103 Holland St Dallas, NC 28034-1601

    • Turn key restaurants
    • 1,882 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-1685754
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Pickle Bar and Bistro / Bar
    • Pickle Bistro And Bar / Bar / Bistro

    Property Details for 103 Holland St

    Year built
    1900
    Lot size
    0.33 lot acres
    Property size
    1,882 SF
    Zone code
    RET06
    Property type
    Turn key restaurants
    APN
    132106
    APU
    132106

    Description

    This exceptional mixed-use investment opportunity in downtown Dallas, North Carolina, presents a compelling proposition for both seasoned investors and developers. Located on a half-acre lot designated as "Town Square," this property offers significant redevelopment potential within the Charlotte metro area. The property comprises two buildings, totaling between 2,000 and 5,000 square feet, constructed in 1900 and renovated in 1966. Currently, the property generates a net operating income (NOI) of $30,000, yielding a 4.62% cap rate, with an asking price of $650,000. The property features two units, currently occupied by a residential tenant and a restaurant operating under a lease with a remaining option period. This presents a unique opportunity to acquire "in-place" income while planning for future development. The strategic location on the town square, coupled with the availability of adjacent parcels (including a town-owned parcel and a parcel for sale by Preservation NC), allows for expansion and enhancement of the property. All utilities are available on-site. The property's Class C designation reflects its potential for significant value appreciation through strategic redevelopment. Owner financing may be considered with a suitable down payment and offer. This is a rare chance to capitalize on the growth trajectory of Dallas, NC, while enjoying immediate income generation. APN: 132106.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $190,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $165,000
      Current use
      MEDICAL BUILDING
      $300,000
      Change: +80% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $230,000
      Change: +39% Conversion: Easy
      AUTO REPAIR, GARAGE
      $155,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.1778
    Latitude
    35.3157
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,819
    $47,910
    $130,630
    $178,540
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $215,000
      1,921 SF

      2910 Dallas Cherryville Hwy

      RESTAURANT • 1,921 SF
      2910 Dallas Cherryville Hwy, Dallas, NC 28034
      View Details
    • Value Estimation
      $205,000
      1,884 SF

      1351 Dallas Stanley Hwy

      RESTAURANT • 1,884 SF
      1351 Dallas Stanley Hwy, Dallas, NC 28034
      View Details
    • Value Estimation
      $175,000
      6,045 SF

      162 Little Big Horn Dr

      RESTAURANT • 6,045 SF
      162 Little Big Horn Dr, Dallas, NC 28034-8400
      View Details
    • Value Estimation
      $140,000
      8,772 SF

      New Hope Rd

      RESTAURANT • 8,772 SF
      New Hope Rd, Dallas, NC 28034
      View Details
    • Value Estimation
      $280,000
      1,628 SF

      1100 Dallas Cherryville Hwy

      RESTAURANT • 1,628 SF
      1100 Dallas Cherryville Hwy, Dallas, NC 28034-8710
      View Details
    • Value Estimation
      $185,000
      6,021 SF

      3150 Dallas Hgh Shls Hwy

      RESTAURANT • 6,021 SF
      3150 Dallas Hgh Shls Hwy, Dallas, NC 28034-1306
      View Details

    Similar Nearby for Sale

    • $779,900
      1.38 Acres

      Historic Mixed-Use Property in Dallas

      Prime location with commercial building and two rental homes.
      214 E Trade St, Dallas, NC 28034
      View Details
    • Contact for pricing
      3,546 SF

      Retail Bank on 1.17 Acres

      3,546 SF retail bank on 1.17 acre lot.
      1018 Dallas Cherryville Hwy, Dallas, NC 28034
      View Details
    • $1,447,575

      Land Available in Dallas, NC

      Land for sale at 201 College View Dr, Dallas, NC.
      201 College View Dr, Dallas, NC 28034
      View Details
    • $700,000
      7.10 Acres

      Dallas Brewery: 7 Acres, Huge Potential

      Historic Brewery, 9,084 sq ft, 7.1 Acres
      136 Durkee Ln, Dallas, NC 28034
      View Details
    • $595,000

      Commercial Property in Dallas, NC

      1.23-acre commercial property in a rapidly growing area.
      105 College View Dr, Dallas, NC 28034
      View Details
    • $525,000
      0.49 Acres

      Historic Downtown Dallas Commercial Space

      Historic commercial building in downtown Dallas with high traffic visibility.
      303 W Trade St, Dallas, NC 28034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad Site Opportunity

      Retail pad site for lease in Dallas, North Carolina.
      Dallas, NC 28034
      View Details
    • Contact for pricing
      80,540 SF

      Windsor Center Retail Space For Lease

      Dallas, NC Strip Center - Multiple Spaces Available
      3130 Dallas High Shl Hwy, Dallas, NC 28034
      View Details
    • Contact for pricing

      Commercial Pad Site For Lease

      Pad site for lease with high traffic and road exposure.
      702 N Walnut St, Dallas, NC 28034
      View Details
    • Contact for pricing

      Dallas, NC Commercial Land Opportunity

      2.24 Acres, Prime Commercial Location
      0 Walnut St, Dallas, NC 28034
      View Details
    • $2,250 /Mo
      1,433 SF

      55+ Community Ranch-Style Rental Homes

      New 2-3 bedroom ranch-style rental homes in Dallas, NC.
      1302 Dallas Cherryville Hwy, Dallas, NC 28034
      View Details
    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.
    103 Holland St
    Dallas, NC 28034-1601
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.