For Sale
$2,149,000
120 Don Westbrook Ave S, Jasper, GA 30143
Manufacturing properties
Property Size12,000 SF
Price / SF$179.08
Days on Market99
Property Features for 120 Don Westbrook Ave S
General Information
Standard status
Active
Size
12,000 SF
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
3
Heavy Power
Yes
Building Details
Year Built
2023
Listing Agency:
Performance Real Estate Services
Listed By:
David Shouse · License #447138
(404) 391-5445
Source:
Jetsetrealty
Added: Jun 7
Changed: Sep 8
Last Checked: Sep 12 at 1:08PM
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 Performance Real Estate Services
Investment Insights
Based on property information with market context.
Key Highlights
- New 2024 manufacturing facility with approximately 12,000 SF of industrial space in like‑new condition
- 20‑ft center height and 16‑ft eave height with a 6‑inch reinforced concrete slab floor
- Building layout includes two sections separated by a fire‑rated firewall with a 12' x 14' fire‑rated roll‑up door between areas
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
$88,090
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
4.10%
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%
$1,761,800
$1.8M
Cap Rate 7%
$1,258,429
$1.3M
Cap Rate 9%
$978,778
$978.8K
Market Conditions
NOI Build-Up for 12,000 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
$113.8K $9.48/SF
− Vacancy
−$10.1K −$0.84/SF
EGI
$103.6K $8.64/SF
− OpEx
−$15.5K −$1.30/SF
NOI
$88.1K $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%
$1,761,800
Cap Rate 7%
$1,258,429
Cap Rate 9%
$978,778
Alternative Uses
Best Use
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,090 @ 7.0% cap · market cap 4.10%
Second Best
Industrial
$1.04M
$913.8K – $1.22M
NOI $73,102 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$3.35M
$2.94M – $3.91M
NOI $234,812 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
3
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
592
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
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
Questions? Ask Rey
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Frequently Asked Questions
Where is this manufacturing property located?
The property is located at 120 Don Westbrook Ave S Jasper, GA.
What is the asking price?
The asking price for this property is $2,149,000.
What are key features of this property?
This property features: New 2024 manufacturing facility with approximately 12,000 SF of industrial space in like‑new condition; 20‑ft center height and 16‑ft eave height with a 6‑inch reinforced concrete slab floor; Building layout includes two sections separated by a fire‑rated firewall with a 12' x 14' fire‑rated roll‑up door between areas
