Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Medical Office Space
243 Merchants Dr Dallas, GA 30132-4749
Entity Owned
6-yr Hold
Free & Clear
Property ID
US22-1540564
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Total area
8,946 SF
Lot
0.99 ac (43,124 SF)
Zoning code
C2-100
APN
115.4.4.024.0000
UPID
US22-1540564
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Selano Chiropractic Center Alternative Medicine Practice
-
Tammie S. Mccallie, DC Alternative Medicine Practice
-
Jeff L. Selano, DC Alternative Medicine Practice
-
Regen Osteo Medical Clinic Physician
-
Willow's Planet Daycare and Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$459k
Blend (final)
Blend
$650k
Owner & transaction history
Headrick Properties LLC · 6 yrs held
Headrick Properties LLC
since 2020
Last sale
$608,542
5 recorded transactions
Zoning & alternative use
C2-100 · Dallas, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$935,000
+13.7%
Commercial (general)
$895,000
+8.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$680,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$825,000
Current use
RETAIL STORES
$935,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$895,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $609k (Mar 27 2020)
Last sale anchor
$609k
Mar 27 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,603
Tax year 2023
Assessed value
$284,476
Assessed 2023
Previous assessed
$284,476
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$59,400
Assessed improvement
$225,076
Land market value
$148,500
Improvement market value
$562,690
Total market value
$711,190
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
2
Total area
8,946 SF
Lot
0.99 ac (43,124 SF)
Zoning code
C2-100
APN
115.4.4.024.0000
UPID
US22-1540564
Jurisdiction
PAULDING
Zoning & alternative use
C2-100 · Dallas, GA
Zoning C2-100 · permitted uses
C2-100 · Dallas, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$825,000
RETAIL STORES
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$895,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Headrick Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 1939, DALLAS, GA 30132-0033
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
—
Headrick Properties LLC
—
Deed
related
$300,000 · Piedmont Bank
Mar 27, 2020
$608,600
Headrick Properties LLC
Selano Reel Est Hldgs LLC
Grant Deed
—
Sep 18, 2006
—
Selano Reel Estate Holdings LLC
Selano,jeffrey
Quit Claim Deed
related
—
Sep 29, 2004
—
Jeffrey Selano
Selano Chiropratic Ctr INC
Quit Claim Deed
related
—
—
—
Selano Reel Estate Holdings Ll
—
Deed Of Trust
related
$535,553 · Delta Community Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 243 Merchants Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
