Remodeled NNN
New
For Sale
$1,029,000
2902 Highway 53 E, Jasper, GA 30143
1996-built commercial building occupied by a repair shop and distributor under NNN leases.
Property Size6,288 SF
Price / SF$163.65
Days on Market4
Property Features for 2902 Highway 53 E
General Information
Standard status
Active
Size
6,288 SF
Building Details
Year Built
1996
Tenancy
Multi
Listing Agency:
Performance Real Estate Services
(404) 391-5445
Listed By:
David Shouse · License #447138
Source:
Jetsetrealty
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 12:53PM
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.
Located at 2902 Highway 53 E in Jasper, Georgia, this 6,288-square-foot commercial property was built in 1996 and has been freshly remodeled. The building is occupied by two tenant types: an automotive repair shop and a distributor.
The property is leased under a NNN structure, providing a defined framework for tenant occupancy and property responsibilities. Its combination of recent remodeling, established commercial use, and dual-tenant configuration supports a straightforward operating profile.
The property is leased under a NNN structure, providing a defined framework for tenant occupancy and property responsibilities. Its combination of recent remodeling, established commercial use, and dual-tenant configuration supports a straightforward operating profile.
Key Highlights
- 6,288‑square‑foot commercial property in Jasper, Georgia
- Built in 1996 and freshly remodeled
- NNN lease structure
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
$88,443
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
8.60%
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%
$1,768,860
$1.8M
Cap Rate 7%
$1,263,471
$1.3M
Cap Rate 9%
$982,700
$982.7K
Market Conditions
NOI Build-Up for 6,288 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
$138.1K $21.96/SF
− Vacancy
−$11.7K −$1.87/SF
EGI
$126.3K $20.09/SF
− OpEx
−$37.9K −$6.03/SF
NOI
$88.4K $14.07/SF
Area
Pickens County, GA
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,768,860
Cap Rate 7%
$1,263,471
Cap Rate 9%
$982,700
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.47M
NOI $88,443 @ 7.0% cap · market cap 8.60%
Second Best
Industrial
$547.2K
$478.8K – $638.4K
NOI $38,306 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,042 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
24
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 Retail 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?
NNN property - 1996-built commercial building occupied by a repair shop and distributor under NNN leases.
Where is this nnn property located?
The property is located at 2902 Highway 53 E Jasper, GA.
What is the asking price?
The asking price for this property is $1,029,000.
What are key features of this property?
This property features: 6,288‑square‑foot commercial property in Jasper, Georgia; Built in 1996 and freshly remodeled; NNN lease structure
