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    321 Merchants Dr Dallas, GA 30132
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    Property profile & analytics

    321 Merchants Dr, Dallas, GA 30132

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    • Commercial real estate
    • 0.97 lot acres
    Off-Market
    Property ID
    US22-0541387
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 321 Merchants Dr

    Year built
    1960
    Lot size
    0.97 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use commercial property presents a unique investment opportunity in Dallas, Georgia. Located at 321 Merchants Drive, this nearly one-acre lot boasts 224 feet of road frontage on a well-traveled road, providing excellent visibility and accessibility. The property includes two existing buildings, offering immediate potential for various commercial uses. Built in 1960, these structures provide a solid foundation for redevelopment or continued operation. The property's strategic location offers convenient access to Downtown Dallas, enhancing its appeal to a wide range of businesses. Utilities are readily available, simplifying the setup and operation of any commercial venture. The asking price of $299,999 represents a significant reduction from the previous listing price, making this an attractive proposition for discerning investors seeking a prime commercial property in a thriving Georgia market. The property is situated in Paulding County, Georgia, with a zip code of 30132. This location offers a blend of accessibility and visibility, making it ideal for a variety of commercial uses. The substantial road frontage ensures high visibility for any business operating on the site.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Paulding - GA
    State
    Georgia
    Longitude
    -84.827508
    Latitude
    33.9163607

    Comparable in this City

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      Historic Victorian with Flexible Zoning

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      Commercial Lot in Established Complex

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      1,080 SF

      High-Traffic Corner Commercial Property

      C-1 zoned corner property with high traffic and multiple uses.
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    • $223,275
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      Acreage with Lake Views

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      Dallas, Georgia Childcare Network

      Childcare Network property located in Dallas, Georgia.
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      Spacious Wooded Lot in Dallas, GA

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    Similar Nearby for Sale

    • $345,000
      2,150 SF

      Historic Victorian with Flexible Zoning

      Renovated Victorian in Downtown Dallas with residential or commercial zoning.
      431 W Memorial Dr, Dallas, GA 30132
      View Details
    • Contact for pricing

      Commercial Lot in Established Complex

      0.46 acre commercial lot in high-traffic area.
      115 Village Walk, Dallas, GA 30132
      View Details
    • Contact for pricing
      1,080 SF

      High-Traffic Corner Commercial Property

      C-1 zoned corner property with high traffic and multiple uses.
      291 Merchants Dr, Dallas, GA 30132
      View Details
    • $223,275
      3.44 Acres

      Acreage with Lake Views

      Estate lot with lake views in North Paulding School District.
      Snote Jones Rd, Dallas, GA 30132
      View Details
    • Contact for pricing
      14,297 SF

      Dallas, Georgia Childcare Network

      Childcare Network property located in Dallas, Georgia.
      1070 Cedarcrest Rd, Dallas, GA 30132
      View Details
    • $220,000
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      Spacious Wooded Lot in Dallas, GA

      7.76-acre wooded lot in Senators Ridge community.
      145 Constitution Pointe, Dallas, GA 30132
      View Details
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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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