Remodeled Restaurant with
For Sale
$470,000
3411 Highway 53 E, Jasper, GA 30143
Commercial Sale, Jasper, GA
Property Size1,708 SF
Lot Size0.48 Acres
Price / SF$275.18
Days on Market320
Property Features for 3411 Highway 53 E
General Information
Property type
Residential
Property subtype
Retail
Zoning
COMM
Parking
15
Parking features
Parking Lot
Interior features
Restrooms
Lot features
Free Standing, Level
Directions
From downtown Jasper follow highway 53 east approximately 3.4 miles to the restaurant Tamale factory on the left
Standard status
Active
APN
052A 006
Size
1,708 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3206
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1963
Floors in Building
1
Flooring type
Tile - Ceramic, Concrete
Building materials
Concrete, Frame, Stucco
Roof type
Asphalt
Listing Agency:
Virtual Properties Realty.com
(770) 495-5050
Listed By:
Evelyn Calhoun · License #381641
(770) 495-5050
Added: Oct 9, 2025
Changed: Aug 19
Last Checked: Aug 24 at 5:06PM
MLS# 7662987
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,708-square-foot restaurant on a 0.48-acre site was built in 1963 and remodeled within the past two years, including substantial interior reconstruction. The property includes seating for over 50 guests, an outdoor patio, restrooms, a ceramic tile and concrete floor finish, central heating and central air, and a parking lot. Furniture, refrigerators, cooking appliances, and other restaurant equipment convey with the property.
The site fronts Highway 53 E in Jasper and includes parking for large trucks. Water is available, with septic service in place. Concrete, frame, and stucco construction, along with an asphalt roof, complete the existing improvements.
The site fronts Highway 53 E in Jasper and includes parking for large trucks. Water is available, with septic service in place. Concrete, frame, and stucco construction, along with an asphalt roof, complete the existing improvements.
Key Highlights
- 1,708‑square‑foot restaurant on a 0.48‑acre site
- Remodeled within the past two years with substantial interior reconstruction
- Seating for over 50 guests plus an outdoor patio
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
$27,448
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
5.84%
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%
$548,960
$549.0K
Cap Rate 7%
$392,114
$392.1K
Cap Rate 9%
$304,978
$305.0K
Market Conditions
NOI Build-Up for 1,708 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
$39.4K $23.04/SF
− Vacancy
−$2.8K −$1.61/SF
EGI
$36.6K $21.43/SF
− OpEx
−$9.1K −$5.36/SF
NOI
$27.4K $16.07/SF
Area
Pickens County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$548,960
Cap Rate 7%
$392,114
Cap Rate 9%
$304,978
Alternative Uses
Best Use
Specialty Retail
$392.1K
$343.1K – $457.5K
NOI $27,448 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$477.5K
$417.8K – $557.0K
NOI $33,422 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30143, GA
24,476
Population
12,549
Households
2
Avg Household Size
49
Median Age
32%
College-Educated
92%
High-School Grad
145.3 sq mi
ZIP Area
168
Density / Sq Mi
$79,879
Median Household Income
$42,635
Median Earnings
$1,085
Median Rent
$324,900
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Highway 53 restaurant with included equipment, customer seating, and on-site parking under COMM zoning.
Where is this conventional restaurant located?
The property is located at 3411 Highway 53 E Jasper, GA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 1,708‑square‑foot restaurant on a 0.48‑acre site; Remodeled within the past two years with substantial interior reconstruction; Seating for over 50 guests plus an outdoor patio
