Eight-Unit Flex
311 Jonah Lane, Jasper, GA 30143
For Sale
New
$1,800,000
Suites combine office, warehouse, and restroom areas with delivery access at the rear.
Property Size8,000 SF
Lot Size1.96 Acres
Price / SF$225
Days on Market7
Property Features for 311 Jonah Lane
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Additional Details
Loading
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
High Ceilings 10 or Greater
Reception Area
Restrooms
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
RE/MAX Five Star
(770) 893-2400
Listed By:
Bill Nickerson · License #420924
(706) 669-3590
Source:
Birch-river
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 2:14PM
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 RE/MAX Five Star
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Investment Insights
Based on property information with market context.
Two buildings on a 1.96-acre parcel provide eight flex units, with four units in each building. Each 1,000-square-foot unit has office, warehouse, and restroom space, plus a delivery door at the rear. The property was built in 2017 and is zoned C2. Four of the eight units are currently leased, with a minimum lease term of two years.
The site is near downtown Jasper and directly adjacent to a 143-unit apartment development.
The site is near downtown Jasper and directly adjacent to a 143-unit apartment development.
Key Highlights
- Two buildings with four units apiece; 1,000 square feet per unit
- Eight units total, with four currently leased
- 1.96‑acre parcel, zoned C2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,727
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,174,540
$1.2M
Cap Rate 7%
$838,957
$839.0K
Cap Rate 9%
$652,522
$652.5K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$75.8K $9.48/SF
− Vacancy
−$6.7K −$0.84/SF
EGI
$69.1K $8.64/SF
− OpEx
−$10.4K −$1.30/SF
NOI
$58.7K $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 Rate 5%
$1,174,540
Cap Rate 7%
$838,957
Cap Rate 9%
$652,522
Alternative Uses
Best Use
Warehouse
$839.0K
$734.1K – $978.8K
NOI $58,727 @ 7.0% cap · market cap 3.26%
Second Best
Industrial
$696.2K
$609.2K – $812.3K
NOI $48,735 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,541 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Suites combine office, warehouse, and restroom areas with delivery access at the rear.
Where is this flex space located?
The property is located at 311 Jonah Lane Jasper, GA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two buildings with four units apiece; 1,000 square feet per unit; Eight units total, with four currently leased; 1.96‑acre parcel, zoned C2
