Brick Live-Work
New
For Sale
$429,000
124 West Church Street, Jasper, GA 30143
C-2 zoning and a multiroom layout support a range of commercial concepts.
Property Size1,404 SF
Price / SF$305.56
Days on Market4
Property Features for 124 West Church Street
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Commercial
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1935
Buildings
1
Building Size
1,404 SF
Construction
brick
Listing Agency:
LLC.
(888) 959-9461
Listed By:
Lorraine Danielson
(678) 270-7511
Source:
Homesforsaleteam
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 2 at 8:35PM
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 LLC.
Investment Insights
Based on property information with market context.
This 1,404-square-foot brick property, built in 1935, has a traditional residential floor plan with multiple rooms and a kitchen area. Hardwood floors and the brick exterior are among its existing features. The property is zoned C-2, with potential applications including office, retail, service, studio, or mixed-use concepts.
Located near downtown Jasper, the property has access to Highway 53 and Main Street. Its existing rooms can be adapted for uses such as private offices, consulting rooms, reception, or product display.
Located near downtown Jasper, the property has access to Highway 53 and Main Street. Its existing rooms can be adapted for uses such as private offices, consulting rooms, reception, or product display.
Key Highlights
- 1,404‑square‑foot brick property
- C‑2 commercial zoning
- Built in 1935
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
$18,801
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
4.38%
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%
$376,020
$376.0K
Cap Rate 7%
$268,586
$268.6K
Cap Rate 9%
$208,900
$208.9K
Market Conditions
NOI Build-Up for 1,404 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
$33.5K $23.87/SF
− Vacancy
−$8.4K −$6.02/SF
EGI
$25.1K $17.85/SF
− OpEx
−$6.3K −$4.46/SF
NOI
$18.8K $13.39/SF
Area
Pickens County, GA
Vacancy
25.20%
Lease Rate
$23.87 /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%
$376,020
Cap Rate 7%
$268,586
Cap Rate 9%
$208,900
Alternative Uses
Best Use
Office B
$268.6K
$235.0K – $313.4K
NOI $18,801 @ 7.0% cap · market cap 4.38%
Second Best
Mixed Use
$243.7K
$213.2K – $284.3K
NOI $17,059 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$392.5K
$343.4K – $457.9K
NOI $27,473 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
581
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Live-work space - C-2 zoning and a multiroom layout support a range of commercial concepts.
Where is this live-work space located?
The property is located at 124 West Church Street Jasper, GA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 1,404‑square‑foot brick property; C‑2 commercial zoning; Built in 1935
