Two-Building M1 Industrial
For Sale
$5,725,000
161 Don Westbrook Avenue S, Jasper, GA 30143
Two metal buildings provide central air, electric service, paved driveway access, and on-site parking.
Property Size35,000 SF
Price / SF$163.57
Days on Market547
Property Features for 161 Don Westbrook Avenue S
General Information
Standard status
Active
Size
35,000 SF
Property subtype
General Commercial
Zoning
M1
Taxes and HOA fees
Annual Taxes
$9,912
Amenities
Central Air, Electric
3
Metal
Parking.
Paved Driveway, Lot.
2.109999895095825
Railroad, Industrial Area, In City.
Building Details
Year Built
2021
Buildings
2
Listing Agency:
(404) 391-5445
Listed By:
Performance Real Estate Services
(404) 391-5445
Source:
Xome
Added: Mar 1, 2025
Changed: Aug 29
Last Checked: Aug 30 at 1:36PM
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.
This industrial property comprises two M1-zoned metal buildings totaling 35,000 SF. Constructed in 2021, the buildings include central air, electric service, paved driveway access, and parking. The property is located in Jasper, Georgia, within an industrial area and in the city.
The building at 120 Don Westbrook Ave is fully leased. The building at 161 Don Westbrook Ave is scheduled to become available for occupancy on February 1, 2026. The two-building configuration supports continued leasing, owner occupancy, or separate use of the buildings, subject to applicable requirements.
The building at 120 Don Westbrook Ave is fully leased. The building at 161 Don Westbrook Ave is scheduled to become available for occupancy on February 1, 2026. The two-building configuration supports continued leasing, owner occupancy, or separate use of the buildings, subject to applicable requirements.
Key Highlights
- Two M1‑zoned industrial buildings totaling 35,000 SF
- Metal construction completed in 2021
- 120 Don Westbrook Ave building is fully leased
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
$256,929
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
4.49%
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%
$5,138,580
$5.1M
Cap Rate 7%
$3,670,414
$3.7M
Cap Rate 9%
$2,854,767
$2.9M
Market Conditions
NOI Build-Up for 35,000 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
$331.8K $9.48/SF
− Vacancy
−$29.5K −$0.84/SF
EGI
$302.3K $8.64/SF
− OpEx
−$45.3K −$1.30/SF
NOI
$256.9K $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%
$5,138,580
Cap Rate 7%
$3,670,414
Cap Rate 9%
$2,854,767
Alternative Uses
Best Use
Warehouse
$3.67M
$3.21M – $4.28M
NOI $256,929 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$3.05M
$2.67M – $3.55M
NOI $213,215 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$9.78M
$8.56M – $11.41M
NOI $684,869 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Two metal buildings provide central air, electric service, paved driveway access, and on-site parking.
Where is this industrial property located?
The property is located at 161 Don Westbrook Avenue S Jasper, GA.
What is the asking price?
The asking price for this property is $5,725,000.
What are key features of this property?
This property features: Two M1‑zoned industrial buildings totaling 35,000 SF; Metal construction completed in 2021; 120 Don Westbrook Ave building is fully leased
