Second-Level Office
For Sale
$280,000
12 Sammy Mcghee Boulevard Unit 203, Jasper, GA 30143
Updated professional workspace with private offices, reception space, storage, and ADA-compliant restrooms.
Property Size1,350 SF
Price / SF$207.41
Days on Market18
Property Features for 12 Sammy Mcghee Boulevard Unit 203
General Information
Standard status
Active
Size
1,350 SF
Elevators
Yes
Occupancy
100%
Financials
Cap Rate
5.5%
Gross Income
$16,800
Additional Details
Floor
2
Highway Access
Yes
Office Units
1
Building Details
Year Built
2005
Tenancy
Single
Listing Agency:
Century 21 Lindsey and Pauley
(770) 851-7494
Listed By:
Lydia Spink · License #284621
Source:
Eternorealtygroup
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 25 at 4:29AM
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 Century 21 Lindsey and Pauley
Investment Insights
Based on property information with market context.
Unit 203 is a 1,350-square-foot professional office suite on the second level of a building completed in 2005. The layout includes four private offices, a lobby and reception area, a storage room with data connections, and two ADA-compliant restrooms. Recent improvements include new paint and flooring, while elevator access supports convenient entry.
The suite is positioned along State Highway 53 and includes ample parking. It is 100% leased under a new two-year lease signed in January 2026, with an option to renew and a 4% increase scheduled for the second year. The property also carries a 5.5% cap rate and is suited to medical, dental, or professional office occupancy.
The suite is positioned along State Highway 53 and includes ample parking. It is 100% leased under a new two-year lease signed in January 2026, with an option to renew and a 4% increase scheduled for the second year. The property also carries a 5.5% cap rate and is suited to medical, dental, or professional office occupancy.
Key Highlights
- 1,350 SF second‑level office suite with elevator access
- Four private offices, lobby/reception area, and storage room with data connections
- Two ADA‑compliant restrooms
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
$19,574
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
6.99%
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%
$391,480
$391.5K
Cap Rate 7%
$279,629
$279.6K
Cap Rate 9%
$217,489
$217.5K
Market Conditions
NOI Build-Up for 1,350 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
$36.5K $27.00/SF
− Vacancy
−$3.8K −$2.84/SF
EGI
$32.6K $24.17/SF
− OpEx
−$13.0K −$9.67/SF
NOI
$19.6K $14.50/SF
Area
Pickens County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$391,480
Cap Rate 7%
$279,629
Cap Rate 9%
$217,489
Alternative Uses
Best Use
Healthcare Medical
$279.6K
$244.7K – $326.2K
NOI $19,574 @ 7.0% cap · market cap 6.99%
Second Best
Office B
$258.3K
$226.0K – $301.3K
NOI $18,078 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$377.4K
$330.2K – $440.3K
NOI $26,416 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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 Office 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?
Office units - Updated professional workspace with private offices, reception space, storage, and ADA-compliant restrooms.
Where is this office units located?
The property is located at 12 Sammy Mcghee Boulevard Unit 203 Jasper, GA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,350 SF second‑level office suite with elevator access; Four private offices, lobby/reception area, and storage room with data connections; Two ADA‑compliant restrooms
