Flex Space with Warehouse
For Sale
$825,000
100 Hill City Rd, Jasper, GA 30143
Level acreage combines a metal commercial building, office areas, shop space, storage capacity, and connected commercial water.
Property Size3,200 SF
Lot Size4.65 Acres
Price / SF$257.81
Days on Market88
Property Features for 100 Hill City Rd
General Information
Standard status
Active
Size
3,200 SF
Lot size
4.65 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Building Details
Year Built
2009
Buildings
1
Building Size
3,200 SF
Construction
metal
Listing Agency:
Keller Williams Realty Partners
Listed By:
Maria Sims Group (678-569-4000)
(404) 805-0673
Source:
Panhandlehomelistings
Added: Jun 22
Changed: Sep 9
Last Checked: Sep 16 at 9:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Partners
Investment Insights
Based on property information with market context.
This 4.65-acre commercial property includes a well-maintained 3,200-square-foot metal building with a flexible combination of office/showroom areas and larger shop and warehouse sections. The interior also contains a drive-in garage bay, restrooms, and a dedicated gun safe/vault room. Wood interior finishes add a more finished presentation to the functional layout.
The property is positioned on Hill City Road just off Highway 53 in Pickens County. Multiple access points serve the site, while commercial water is already connected. The level acreage provides room for parking and equipment storage, with additional building or expansion possibilities subject to county approval.
The property is positioned on Hill City Road just off Highway 53 in Pickens County. Multiple access points serve the site, while commercial water is already connected. The level acreage provides room for parking and equipment storage, with additional building or expansion possibilities subject to county approval.
Key Highlights
- 4.65 acres with a 3,200‑square‑foot metal commercial building
- Hill City Road location just off Highway 53 in Pickens County
- Office/showroom areas paired with shop and warehouse space
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
$23,491
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
2.85%
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%
$469,820
$469.8K
Cap Rate 7%
$335,586
$335.6K
Cap Rate 9%
$261,011
$261.0K
Market Conditions
NOI Build-Up for 3,200 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
$30.3K $9.48/SF
− Vacancy
−$2.7K −$0.84/SF
EGI
$27.6K $8.64/SF
− OpEx
−$4.1K −$1.30/SF
NOI
$23.5K $7.34/SF
Area
Pickens County, GA
Vacancy
8.90%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
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%
$469,820
Cap Rate 7%
$335,586
Cap Rate 9%
$261,011
Alternative Uses
Best Use
Warehouse
$335.6K
$293.6K – $391.5K
NOI $23,491 @ 7.0% cap · market cap 2.85%
Second Best
Industrial
$278.5K
$243.7K – $324.9K
NOI $19,494 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$894.5K
$782.7K – $1.04M
NOI $62,617 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Level acreage combines a metal commercial building, office areas, shop space, storage capacity, and connected commercial water.
Where is this flex space located?
The property is located at 100 Hill City Rd Jasper, GA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 4.65 acres with a 3,200‑square‑foot metal commercial building; Hill City Road location just off Highway 53 in Pickens County; Office/showroom areas paired with shop and warehouse space
